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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.

NEWS DESK GCC UAE

About UAE Year of Sustainability

“The declaration of 2023 as the ‘Year of Sustainability’ by His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, reaffirms the value our wise leadership has placed on sustainability to achieve economic growth while protecting the environment for our future generations. The
NEWS DESK GCC UAE

TCL TURNS TEAM SPONSOR FOR ABU DHABI KNIGHT RIDERS

Dubai; 23rd January 2023: TCL offers exciting opportunities for all cricket lovers across the globe and the Middle East and announces their association with Abu Dhabi Knight Riders (ADKR) as their official partner of the newest competition for one of the world’s most popular sports. The partnership offers a unique opportunity to be a part […]
Business GCC Saudi Arabia

Saudi delegation highlights Kingdom’s evolving global growth story at World Economic Forum

Davos-Switzerland — Saudi Arabia’s smart city NEOM offers a new model for environmentally-friendly and sustainable urban design, both for the Kingdom and the world, Saudi’s Climate Envoy told the World Economic Forum (WEF) today. During a panel session titled ‘The Evolution of Urban Life’, His Excellency Adel bin Ahmed Al-Jubeir, Minister of State for Foreign […]
Business GCC Saudi Arabia

Saudi’s Ministry of Economy and Planning joins forces with UpLink to address food insecurity in arid climates

Davos, Switzerland — Saudi Arabia’s Ministry of Economy and Planning (MEP) in collaboration with UpLink today launched an innovation challenge designed to crowdsource transformative solutions to enhance food security in countries impacted by low rainfall, drought, and desertification. MEP and UpLink, the World Economic Forum’s (WEF) open innovation platform, made the
This Year, Saudi Arabia Is Set To Surpass India As The Fastest-Growing Major Economy
Business GCC Saudi Arabia

This Year, Saudi Arabia Is Set To Surpass India As The Fastest-Growing Major Economy

India is projected to lose its status as the world’s fastest-growing major economy this year. The Indian Ministry of Statistics and Program Implementation projects that Saudi Arabia’s GDP will develop at a quicker pace than India’s, at 7.6 percent per year, thanks to the continued boost provided by increased earnings from higher energy prices. With growth
Under The New Tech House Initiative, Saudi Startups Hope To Work More Closely With Pakistan
Business GCC Saudi Arabia

Under The New Tech House Initiative, Saudi Startups Hope To Work More Closely With Pakistan

Following the announcement of plans to form a joint technology house, Saudi startups at Pakistan’s largest tech conference are looking toward future collaboration with the South Asian nation. About 50,000 people, including representatives from 500 companies and 200 exhibitors from more than thirty countries (including a delegation from Saudi Arabia), attended Future
Business GCC Saudi Arabia

Simone Inzaghi: “Thank you Saudi Arabia for hosting the Italian Super Cup match”… Stefano Pioli: “We must work better to raise the bar”

Riyadh, Saudi Arabia — A press conference was held after the Italian Super Cup last night, between AC Milan and Inter Milan, staged at King Fahd Stadium in Riyadh at 10:00pm (local time), brought by Saudi Ministry of Sport as part of the sporting events in Diriyah’s 2nd Season. Inter Milan coach Simone Inzaghi thanked […]
Business GCC UAE

UTI celebrates 60th anniversary in Dubai

Dubai – January 19, 2022: One of India’s largest and oldest Asset Management companies, UTI Asset Management Co. LTD (UTI-AMC), today said investors from the Middle East and North Africa (MENA) region have a huge opportunity in the surging growth of India with the country’s economy on its way to being a US$5 trillion economy. […]
Business GCC Saudi Arabia

Saudi Arabia is creating a global model for economic resilience and collaboration

Davos-Switzerland. — The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos. The session, titled “Saudi Arabia’s Transformation in a Changing Global Context”, featured four speakers from the
Business GCC Saudi Arabia

Saudi Fund for Development expands operations in the Caribbean countries with agreement to fund expansion project of University of the West Indies at Five Islands in Antigua and Barbuda

Saint John’s, Antigua and Barbuda — The Saudi Fund for Development (SFD) CEO, Mr. Sultan Al-Marshad, and Honorable Gaston Browne, Prime Minister of Antigua and Barbuda, signed an $80 million financing agreement for the expansion project of the University of the West Indies at Five Islands (UWI) in Antigua and Barbuda. The agreement represents a […]
Real Estate GCC UAE

Espace Real Estate Spearheading Robust Expansion In Dubai With Positive Outlook for 2023

Justin Froes
John Lyons, Managing Director of Espace Real Estate says, “As primarily a secondary-homes brokerage, in the past year we have experienced a 37% increase in buyer registrations in comparison to 2021. Property listings have slowed down by 17%, indicating that robust demand outstrips supply in Dubai's vibrant real estate sector. As demand for Dubai Real Estate shows no signs
Business GCC UAE

The Sharjah Prize in Public Finance Holds An Introductory Seminar in Cooperation with the Ministry of Economy and Finance

Sharjah, United Arab of Emirates — The Central Finance Department held an introductory symposium in the Kingdom of Morocco on the second edition of the Sharjah Prize in Public Finance, as part of its plan and agenda for organizing a series of seminars for the second phase, which will end this month. The symposium opened […]
Tech GCC UAE

2023, A Landmark Year for Paytech in the UAE

DUBAI (19 Jan):  The fintech industry in the UAE is experiencing a momentous growth, driven by a favorable business environment, the increasing adoption of digital technologies, and the government’s efforts to promote innovation in the financial sector. According to Statista the digital payments market in the UAE is estimated to surpass 7.90