Corporate profitability across the Gulf Cooperation Council (GCC) is expected to come under pressure through the end of 2026 as the prolonged Middle East conflict drives up logistics costs, weakens business confidence and delays investment, according to a new report by S&P Global Ratings.
Novo Nordisk, a leading global healthcare company headquartered in Denmark, has appointed Venkat Kalyan as the new General Manager for its Gulf operations. An industry veteran, he brings nearly 30 years of experience in the pharmaceutical and healthcare sector to this new role.
The population of the Gulf Cooperation Council (GCC) states is estimated to have reached around 62.8 million in 2025, an average annual growth rate of 3.5% during the 2022-2025 period, according to data issued by the GCC Statistical Center (GCC-Stat).
Perk (formerly TravelPerk), an AI-native platform for travel and spend management, has announced the opening of its regional office at Abu Dhabi Global Market (ADGM). The move formalises Perk's long-term commitment to the GCC region, targeting a tripling of business travel spend from UAE customers by 2028.
The durability of the US–Iran ceasefire and prospects for a permanent de-escalation are central to whether Gulf Cooperation Council (GCC) banking systems remain resilient to the impacts of the conflict, Fitch Ratings says.
The Kingdom of Bahrain is all set to host the 7th GCC Digital Government Award 2026, one of the GCC’s leading initiatives aimed at recognising outstanding digital government projects and initiatives, showcasing successful government experiences and best practices.
According to Danielle Curtis, Regional Portfolio Director–UAE at RX Global, Dubai and the GCC are reinforcing tourism resilience through innovation, collaboration and long-term planning, with ATM 2026 highlighting AI and travel technology as key drivers of future industry growth.
US President Donald Trump on Tuesday abandoned a proposal to impose a 20% transit fee on cargo shipping through the Strait of Hormuz, saying Washington would instead pursue trade and investment agreements with Gulf states amid escalating tensions with Iran.
Inflation across GCC stood below 2% for a second year in 2025, the lowest globally, with the annual rate edging up to 1.8% from 1.6% in 2024, thus reflecting the effectiveness of economic policies in curbing inflationary pressures and maintaining price stability, said a report.
Positive Zero, a leading energy transition platform in the GCC, today announced the closing of a landmark financing facility of up to $375 million.
