GCC - Middle East News 247
February 22, 2025
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GCC

Stay connected with the pulse of the Gulf Cooperation Council (GCC) region on menews247. Explore the latest news, economic developments, and business dynamics across the GCC countries.

From regional cooperation in Saudi Arabia to trade agreements in the UAE, and socio-economic trends in Kuwait, Qatar, Bahrain, and Oman, get your 24/7 insight into the GCC’s evolving landscape. We are your comprehensive guide to understanding the Gulf’s strategic importance and cultural richness.

Lifestyle UAE

All About The UAE’s Golden Visa Scheme

Pioneering Pathways To Residency To attract top talent, investors, and entrepreneurs from around the globe, the United Arab Emirates (UAE) has rolled out its ambitious Golden Visa Scheme, offering long-term residency to individuals who contribute significantly to the country’s economic growth and development. This groundbreaking initiative, launched in 2019, has
GCC Oman Travel

6 Of The Best Places To Visit In Musandam

Oman’s ‘Norway Of Arabia’ Tucked away in the northernmost tip of the Arabian Peninsula, amidst the dazzling deep blue waters of the Strait of Hormuz, lies Musandam, a pristine cape in the Sultanate of Oman that offers visitors various natural and cultural attractions. Aptly nicknamed the “Norway of Arabia” for its striking landscapes, this rugged […]
Saudi Arabia Space

Saudi Arabia Establishes Neo Space Group

Targeting Satellite And Space Industries Saudi Arabia’s Public Investment Fund (PIF) sovereign wealth fund has announced the establishment of Neo Space Group (NSG), a wholly-owned subsidiary poised to elevate Saudi Arabia’s presence in the satellite and space sector. NSG will serve as a national champion, driving the advancement of commercial satellite operations
Sustainability UAE

Dubai Bans Single-Use Bags From June 1, 2024

With Certain Exemptions Made Commencing on June 1, 2024, all businesses in Dubai emirate will be prohibited from selling single-use bags that are 57 micrometres thick or less. This measure, though challenging, is a significant stride towards preserving the environment and reducing plastic waste while enhancing businesses’ reputations as environmentally responsible
Banking Finance GCC UAE

How To Choose The Best Business Bank In UAE

Getting It Right Is A Game-Changer Choosing the right banking partner in the United Arab Emirates (UAE) is a fundamental decision that can significantly impact financial management and a business’s overall performance. Considered the commercial hub of the Middle East, where entrepreneurship thrives amid innovation and economic growth, the UAE has arguably one of the
Tech UAE

e& UAE Achieves The World’s Fastest 5G Speed

Reaching A Blistering 30.5Gbps e& UAE has set a new world record for the fastest recorded speed on its live 5G network, reaching an astonishing 30.5Gbps. This historic achievement was revealed during a demonstration at the SAMENA Leaders’ Summit 2024 in Dubai on May 13, 2024. Leading regional and global telecom players attended the annual […]
Aviation Saudi Arabia

Saudia Group Orders 105 Airbus A320neo Aircraft

To Meet Rising Passenger Demand Saudia Group, represented by Saudia and Flyadeal, has ordered 105 Airbus A320neo aircraft. The order, confirmed at the Future Aviation Forum in Riyadh, signifies a significant stride in the Arabian Gulf state’s pursuit of aviation goals. The undisclosed amount order encompasses 12 A320neo and 93 A321neo aircraft, catapulting Saudia
Oman Travel

UN Tourism’s Middle East Members Target Innovation

50th Meeting Held In Muscat Thirteen member states of the UN Tourism Regional Commission for the Middle East are convening in Muscat, Oman (May 22-24, 2024), with a shared vision of steering the region’s tourism sector towards a future defined by innovation, investment, and inclusivity. The gathering marks the 50th meeting of the UN Tourism […]
Business UAE

DWTC Contributed AED18 Billion To Dubai’s GDP In 2023

Global Attendees Boost City’s Economy Dubai World Trade Centre (DWTC) contributed a significant AED18.28 billion ($4.6 billion) to Dubai’s GDP in 2023, resulting from 76 on-site exhibitions, conventions, and industry conferences, according to the company’s newly released 2023 Economic Impact Assessment Annual Report. Of this mammoth yield, AED10.53 billion