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The Latest Breaking News from GCC

Saudi Arabia Leads Contract Awards in GCC

Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems and higher oil prices primarily driven by the Russia-Ukraine conflict. Higher crude oil price was the most significant contributor to inflation numbers across countries, including in the…

Asharq Al-Awsat

UK-GCC trade deal could add £130m to Welsh economy says Government

Talks for a trade agreement between the UK and the Gulf Cooperation Council start in Riyadh, Saudi Arabia today

Birmingham Post

UK begins trade talks with Gulf states

Expected deal expected could add around £270m a year to the Scottish economy

Insider UK

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US Works ‘Closely’ with Saudi Arabia to Confront Iranian Challenges, Ensure Energy Sources Stability

The US Department of State confirmed that it is "working closely" with Saudi Arabia and the Gulf states to confront the "challenge that Iran poses." The State Department announced that the challenge posed by Iran to the region and beyond would be high on the agenda when President Biden visits…

Asharq Al-Awsat

Data | Hate remarks against the Prophet: Why does the Gulf matter?

India sources close to 40% of its fuel needs from the Gulf countries and Iran. About 90 lakh Indians reside in the region and they account for over 55% of India’s remittance inflows

The Hindu

Simonnet to Asharq Al-Awsat: Work Underway to Exempt Gulf Citizens from Visa Requirement

The European Union’s Ambassador to Saudi Arabia, Patrick Simonnet, said a new visa system would be revealed soon, allowing Saudi citizens to obtain multiple entries to the EU. In remarks to Asharq Al-Awsat, Simonnet also revealed that work was underway to exempt all Gulf citizens from the visa requirement. His…

Asharq Al-Awsat

GFH to Cross List Shares on ADX in May

Bahrain-based investment bank GFH Financial Group plans to cross list its shares on Abu Dhabi Securities Exchange (ADX) in May, making it the company's fourth regional listing after Bahrain, Dubai, and Kuwait bourses. GFH expects the cross trading on ADX to boost liquidity in its shares, benefit the shareholders, and…

Asharq Al-Awsat

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