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The Latest Breaking News from GCC

Dismay as UK prepares to sign ‘values-free’ £1.6bn trade deal with Gulf states

Exclusive: Trade unions and human rights organisations fear environment and human rights being pushed aside

The Guardian - UK

India received $111 billion in remittances in 2022: World Migration Report 2024

United Nations report reveals India as top recipient of remittances, highlighting migrant worker challenges and global trends.

The Hindu

GCC Project Contracts Surge to $30bln In Q1

The GCC project awards expanded during the first three months of the year despite global economic challenges such as the financial sector turmoil, elevated inflation, and the ongoing Ukraine-Russia conflict, according to the Kuwait-based Kamco Invest. The total value of GCC contracts awarded increased by 54.7% y-o-y during Q1 to…

Asharq Al-Awsat

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Kuwait Fund for Arab Economic Development Completes 15% of Gulf Electric Interconnection

The Kuwait Fund for Arab Economic Development said that 15 percent of the Gulf electrical interconnection expansion project with Kuwait has been completed until March 2023. The Authority said in a press statement that the interconnection project between the GCC Interconnection Authority (GCCIA) and Kuwait is one of the essential…

Asharq Al-Awsat

Calls for Credit References Collaboration to Prevent Financial Fraud in the Middle East

Credit reference agencies and financial institutions should cooperate to prevent financial fraud in the Middle East, especially the Gulf countries, which have become one of the world's important financial and economic centers, according to a financial expert. Comprehensive framework Director of Financial Crime Compliance and Payments, LexisNexis Risk Solutions, Jonny…

Asharq Al-Awsat

UK-GCC FTA Negotiations Make Significant Progress

Chief Negotiator – UK-GCC FTA, Department for International Trade Tom Wintle revealed that the UK and Gulf Cooperation Council (GCC) countries have made “good progress” in negotiations to sign a free trade agreement (FTA). Speaking on the eve of the third round of talks kick off between the parties in…

Asharq Al-Awsat

Experts Recommend Updating Competition Regulations for GCC Railway Project

The team of experts overseeing the Gulf Cooperation Council (GCC) Railway project discussed preparations for offering the project’s operational plan and asset management to competition. In their 15th meeting, which was held by videoconference, the experts stressed the importance of implementing and operating the project. Representatives of relevant authorities in…

Asharq Al-Awsat

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GCC Ambassadors Discuss ‘Preventive Security’ with London’s Met Police Commissioner

The UK’s Metropolitan Police Commissioner Sir Mark Rowley, who is responsible for maintaining security in London, managing the counterterrorism police in the UK, and providing preventative security to diplomats and senior figures, has met with ambassadors from the Gulf Cooperation Council (GCC). During the meeting, Rowley and the ambassadors emphasized…

Asharq Al-Awsat

GCC’s Total Foreign Merchandise Trade Value Reaches $1.146 Tn

The Gulf Cooperation Council (GCC) total international merchandise trade movement reached $1.146 trillion, compared to $840.7 billion in 2020, an increase of 36.4 percent. The UAE and Saudi Arabia contributed about three-quarters of the volume of foreign merchandise trade, while the total merchandise exports in 2021 amounted to $668.6 billion,…

Asharq Al-Awsat

Hajraf Stresses Importance of Enhancing Prospects for Joint GCC-Chinese Cooperation

Secretary General of the Gulf Cooperation Council for Arab States Dr.

Asharq Al-Awsat

Saudi Arabia Tops Hydrocarbon Producers in Oil, Gas Emissions

Saudi Arabia has been able to score higher than other hydrocarbon producers in many indicators related to the emissions performance of the oil and gas sector. Over the past year, the six Gulf Cooperation Council (GCC) countries have updated their medium-term greenhouse gas emissions targets by submitting revised nationally determined…

Asharq Al-Awsat

Saudi Arabia Eases Tourist E-Visa Requirements for GCC Residents

Saudi Arabia will allow Gulf residents to easily apply for its e-Visa and residents of the UK, US and EU to get a visa on arrival as the Kingdom bids to attract 100 million visitors annually. The announcement was made on Thursday, and follows a decree signed by the Kingdom’s…

Asharq Al-Awsat

Jeddah Summit: Joint Vision for Stable, Prosperous Middle East

The leaders taking part in the Jeddah Security and Development Summit stressed on Saturday their joint vision for a peaceful and prosperous Middle East. They stressed the need to take all necessary measures to preserve the security and stability of the Middle East, develop means of cooperation and integration between…

Asharq Al-Awsat

Gulf Electric Interconnection Ensures 100% Power Supply

Gulf officials in the electricity sector said the Gulf Electricity Interconnection Project achieved its most important strategic objectives in enhancing energy security and raising reliability and safety for Gulf electrical systems. The project prevented any power outages, ensuring a 100 percent power supply and achieving economic savings for the Gulf…

Asharq Al-Awsat

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Asharq Al-Awsat

Identifying Challenges of the Gulf Common Market to Boost its 10 Tracks

The President of the Federation of Gulf Chambers, Ajlan al-Ajlan, has acknowledged several challenges facing the Gulf common market, revealing ongoing efforts to identify them. Speaking to Asharq Al-Awsat, Ajlan called for cooperation between the public and private sectors to address the challenges, noting that efforts are being made to…

Asharq Al-Awsat

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

UN, US Seek Funding to Save Safer Tanker off Yemen

The Gulf Cooperation Council (GCC) stressed on Sunday its support to all international efforts aimed at salvaging the Safer oil tanker that has been moored off the coast of Yemen's Hodeidah for years. Carrying over 1.1 million barrels of crude oil, the FSO Safer tanker’s long-term presence in the Red…

Asharq Al-Awsat

GCC, South Korea Resume Free Trade Talks on Monday

South Korea and the Gulf Cooperation Council (GCC) will kick off the fourth round of official talks for a bilateral free trade agreement (FTA) in Seoul on Monday, said Seoul's Ministry of Trade, Industry and Energy. The South Korean Yonhap news agency reported that the four-day talks will resume after…

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Asharq Al-Awsat

GPCA Calls on Gulf Chemical Industry to Adopt Circular Economy

The Gulf Petrochemicals and Chemicals Association (GPCA) called on the GCC chemical industry to direct business and operating models towards achieving the objectives of the circular economy, decarbonization, and overcoming fundamental structural challenges. Speaking at the second edition of the GPCA leaders’ forum, Chairman GPCA and Sabic CEO Yousef al-Benyan,…

Asharq Al-Awsat

Saudi Crown Prince Says There’s an Opportunity to Boost Interests with US or Downgrade Them

Saudi Crown Prince Mohammed bin Salman said the Kingdom has “a long, historical relationship with America” and that there’s “a huge opportunity to boost” all interests. “And there is also a big possibility it could be downgraded in many areas,” he said. “Whether you want to win in Saudi Arabia…

Asharq Al-Awsat

Sisi Says Security of Egypt, Kuwait, GCC States Indivisible

Egyptian President Abdel Fattah al-Sisi made on Tuesday a one-day visit to Kuwait where he met with Emir Sheikh Nawaf al-Ahmad al-Jaber Al Sabah. Sisi also held talks with Crown Prince Sheikh Mishal al-Ahmad al-Jaber Al Sabah and Prime Minister Sheikh Sabah al-Khaled al-Hamad Al Sabah. He affirmed that the…

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