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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.

Business GCC UAE

A.P. Moller – Maersk strengthens its Logistics & Services in UAE with a new Cold Store facility at Dubai Industrial City

Dubai, 5 July 2023: A.P. Moller – Maersk (Maersk), the global integrated logistics company, has opened the doors to its third Warehousing & Distribution (W&D) facility in Dubai, UAE, which is also its first Cold Store in the country. Situated at Dubai Industrial City, a member of TECOM Group PJSC, Maersk’s Cold Store is strategically […]
Business GCC Saudi Arabia

HKSTP and eWTP Arabia Capital Jointly Welcome Saudi Delegation to Boost I&T Collaboration between Hong Kong SAR and The Kingdom of Saudi Arabia

HONG KONG — Hong Kong Science and Technology Parks Corporation (HKSTP) and Saudi focused investment institution eWTP Arabia Capital (eWTPA), today co-hosted the “One Gateway Shared Vision – Hong Kong Special Administrative Region x Kingdom of Saudi Arabia” event to welcome the Saudi Minister of Communications and Information Technology (MCIT) and his delegation to
Holy Mosques
NEWS DESK GCC Saudi Arabia

Saudi Arabia Welcomes 1,300 Hajj Pilgrims from 90 Countries as Host of the Holy Journey

On Saturday, King Salman announced that over 90 countries will send 1,300 Hajj pilgrims to the Kingdom this year. Selected participants will have their pilgrimage expenses covered as part of the Guests of the Custodian of the Two Holy Mosques Program for Hajj and Umrah. This program will be hosting the pilgrims. The Saudi Islamic Affairs Minister, Sheikh Abdullatif […]
Saudi Astronauts
GCC NEWS DESK Saudi Arabia

Saudi Astronauts Rayyanah Barnawi and Ali Alqarni Return Triumphant to the Kingdom following a Successful Space Mission

Four Saudi astronauts, Ali Alqarni, Rayyanah Barnawi, Mariam Fardous, and Ali Al-Ghamdi, recently completed a scientific mission at the International Space Station (ISS) and returned to the Kingdom on Saturday morning. On May 31, Alqarni and Barnawi, the first Arab woman to orbit Earth, came back to Earth after spending eight days at the space station. During […]
uae central bank
GCC NEWS DESK UAE

UAE Central Bank Issues AML Guidelines for Crypto and NFTs

The Central Bank of the United Arab Emirates has officially issued new guidance for anti-money laundering and counter-terrorism financing. The guidance is targeted at financial institutions that regularly deal with virtual assets like cryptocurrencies and non-fungible tokens. The Central Bank’s new guidance highlights possible risks that may arise with dealing with virtual
crypto regulation
Finance GCC NEWS DESK UAE

Hong Kong and UAE to Collaborate on Crypto Rules

Hong Kong and UAE to Collaborate on Crypto Rules: The United Arab Emirates and Hong Kong have officially announced their collaboration on crypto regulations. The representatives of the Central Banks of Hong Kong and UAE recently met in Abu Dhabi, where both jurisdictions agreed to position themselves as nations that are crypto-friendly. During the meeting, both […]