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The Latest Breaking News from GCC

Japan emerges as largest APAC contributor to India's GCC ecosystem: Deloitte

Japan is now India's top contributor to the Asia-Pacific GCC sector, with over 100 Japanese companies establishing centers. These hubs are increasingly focusing on innovation, digital transformation, and product development in areas like AI and advanced manufacturing. This expansion signifies a new era of economic collaboration, leveraging India's talent and…

The Economic Times

Gulf bond markets rally despite uncertain outlook

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

Fortune

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

The easing of geopolitical tensions has fueled a surge in GCC bond and sukuk issuance. But with the Federal Reserve expected to keep rates on hold, tight dollar liquidity remains a stubborn headwind to future recovery.

Fortune

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"Interventionist, irresponsible, provocative": Iran slams US-GCC statement curbing Tehran's nuclear programme

In a statement released by Iran's Ministry of Foreign Affairs and carried by state media Islamic Republic of Iran Broadcasting (IRIB), Tehran warned against what it called continued "belligerent and interventionist behaviours" in the region.

The Economic Times

Major route through Scottish city centre to reopen after nearly three months

A busy Glasgow city centre route, which has been shut for more than eleven weeks, will finally reopen next week

The National (Scotland)

US-Iran agree to setup direct channel with IRGC to de-escalate conflict, says VP Vance

US Vice President JD Vance confirmed a direct deconfliction channel between US and Iran military representatives, including the IRGC and CENTCOM, will be established in Doha, Qatar. This move aims to reduce conflict risks. Meanwhile, the US and GCC reaffirmed their strategic partnership, emphasizing regional security, diplomacy with Iran, and…

The Economic Times

Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz

As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.

Euronews

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IRGC warns ships off Oman's corridor in Hormuz as Rubio draws line on tolls

The IRGC warned that any vessel navigating outside Tehran's designated routes was acting illegally, directly rejecting Oman's newly announced temporary corridor, as Rubio told a GCC meeting the US would not accept fees regardless of how they are framed.

Euronews

PE firms, mid-market companies drive India’s new GCC wave

India's Global Capability Centre (GCC) landscape is shifting, with private equity-backed and mid-market firms now driving significant expansion. These companies are leveraging GCCs beyond cost savings to build advanced capabilities in AI and engineering, creating substantial value for their portfolios. This trend signifies a maturing strategy for PE firms, moving…

The Economic Times

Global Nexa Initiative Launches to Support Climate and Health Innovations

LONDON, June 21, 2026 (GLOBE NEWSWIRE) -- At London Climate Action Week, Grand Challenges Canada (GCC) and the Science for Africa Foundation (SFA Foundation) today announced the launch of Nexa, a global initiative to support locally led innovations that address the growing health impacts of climate change. Nexa is led…

AAP

PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

The Economic Times

CNTXT AI acquires Actualize to strengthen Arabic voice AI for enterprise and government across the GCC

UAE-based CNTXT AI has acquired Actualize, an enterprise AI company specializing in dialect-aware Arabic voice agents. This move significantly enhances CNTXT AI's Arabic voice AI capabilities, enabling sovereign AI agents that can perform actions across enterprise and government sectors. The combined entity aims to simplify the path from data to…

The Economic Times

Durable US-Iran peace deal to provide predictable environment for trade: CRF

A US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, and logistics. It will also create a more predictable trade environment. The agreement is set to be signed soon. This development is crucial for facilitating trade and strengthening initiatives like IMEC.…

The Economic Times

Community rallies together to fight back against closure of Victorian attraction

Campaigners descended on a Glasgow park to fight back against the permanent closure of a much-loved Victorian attraction.

The National (Scotland)

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The Economic Times

Indian staffing cos step up global reach to diversify revenues

Indian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors like healthcare, engineering, and technology. This strategic move aims to diversify revenue and enhance profit margins. Firms are focusing on regions like Southeast Asia, the US, and Europe. This expansion is driven…

The Times of India

Dubai visa rules 2026: 10 major UAE visa changes expats, workers and tourists need to know

The UAE is significantly overhauling its visa and residency rules, introducing expanded Golden Visa benefits, a new Blue Visa for environmental leaders, and specialized permits for emerging industries. These reforms aim to attract global talent and simplify travel, with a proposed GCC Grand Tours visa potentially revolutionizing regional tourism.

The Economic Times

Expanding GCCs bring in more value vs new entrants

India's global capability centre ecosystem is witnessing a convergence of greenfield and brownfield activities around capability-led work. New centres are increasingly established with engineering and product development charters from inception, shrinking the time to maturity. This shift signifies a move from execution hubs to value creation engines.

The Economic Times

TCS forms business unit to help MNCs set up GCCs

Tata Consultancy Services has launched a new business unit, Global Value & Innovation Centres, to assist enterprises in establishing and managing global capability centres (GCCs). This unit will focus on creating "AI-native GCCs" and transforming existing ones, offering services across the entire lifecycle from strategy to AI-led operations.

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The Economic Times

The great $100-billion tech shift: GCCs tighten grip on India’s talent market

India's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driven by multinational corporations' need for control over IP, data, and AI. With a deep talent pool and higher compensation, GCCs are becoming the primary engine for specialized tech talent absorption, reshaping India's…

The Economic Times

India-Oman trade pact eases hiring of Indian workers by domestic investors in Muscat

In a significant move, India and Oman have finalized a trade pact that enables Indian firms to hire workers without the constraints of local quotas. Starting June 1, this initiative prioritizes Indian nationals for employment in Omani projects. It also reinforces the protection of Indian workers across various non-service industries,…

The Economic Times

India's brain-gain moment may be starting with a crack in the American dream

As green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally experienced professionals. Experts say GCCs, AI, semiconductors and product firms could absorb returning talent, though compensation gaps and ecosystem challenges remain.

The Economic Times

India, Oman trade pact to come into force from June 1; Check what's inside

India and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free access to Oman. Key sectors like textiles and agriculture will see immediate benefits. Oman also grants zero-duty access to Indian industrial goods. India protects sensitive domestic industries. Service professionals gain new…

The Economic Times

Industry expects policy continuity, faster execution under Shivakumar in Karnataka

Executives from the technology, semiconductor and digital economy ecosystem said Karnataka’s long-standing strengths in talent, research and innovation are institutional in nature and unlikely to change with a leadership transition. At the same time, they said stable leadership and faster decision-making would help the state compete more effectively with others…

The Economic Times

American Airlines plans to double India tech hub staff, sources say

American Airlines is set to significantly expand its technology hub in Hyderabad. The company plans to double its workforce to approximately 800 employees by early next year. This move follows similar expansions by other major global corporations in India. These hubs are increasingly handling core business functions, not just back-office…

The Economic Times

GCCs switching to smart workflows as AI gobbles up procedural grunt work

Industry experts said AI is shrinking junior-level workflows, reducing standalone procedural functions and pushing multinational companies to redesign the kind of work handled by their India centres. Early industry estimates suggest nearly 18% of India’s GCC work still sits in commoditised, process-heavy functions that are increasingly being automated, embedded into…

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