The Latest Breaking News from GCC

Lulu Retail is set to open 50 new stores across the GCC by 2028, bolstering its presence with hypermarkets and smaller formats. This ambitious expansion, following record revenues, promises hundreds of jobs and aims to enhance accessibility to essentials. The move signifies Lulu's commitment to both physical and digital retail…

GCC economies are rapidly embracing digital transformation, creating a surge in demand for tech-savvy professionals. Skills in AI, data analytics, cybersecurity and cloud computing are paramount. Alongside these, strong soft skills like leadership and adaptability, coupled with a commitment to lifelong learning and understanding localisation policies, are crucial for career…

Workers from Uttar Pradesh, Bihar, Rajasthan and Tamil Nadu constitute the majority of labour force from India in the construction industry in the Gulf Cooperation Council (GCC) countries. Read further on Dynamite News:

Companies listed in the GCC markets registered record profits last year, achieving remarkable financial results that came in parallel with a significant improvement in post-pandemic economic activity, resulting in one of the best GDP growth rates in 2022. A Gulf report issued on Wednesday showed that the industrial activity in…

Members of the Financial and Economic Cooperation Committee and the Trade Cooperation Committee of the GCC countries discussed the final report on the technical status of the free trade agreement negotiations between the GCC and China. The meeting completes the vision of the Custodian of the Two Holy Mosques, King…

The Gulf Cooperation Council (GCC) equity market index closed 2022 with a decline of 6.4 percent after demonstrating one of the most significant gains globally last year, according to a recent report. Markets in the region remained volatile during the year, and gains made during the first four months were…

Real estate sale transactions in the GCC over Jan-Oct 2022 reached $143.1 billion, eclipsing the full-year figure of 2021, which was $136.9 billion. According to Kuwait-based KAMCO Investment Company, the total value of the region was nearly 21 percent higher year-on-year compared to the corresponding period from January to October…

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial conditions, and have allowed…

The aggregate gross loans in the Gulf region reached a new record of $1.93 trillion, and the banking sector in the Gulf countries is witnessing the initial interest rate hike applied by the central banks in the Gulf Cooperation Council (GCC) countries consistent with the US Federal Reserve interest rate…