France and the Gulf Cooperation Council states will meet in Paris on June 18 and 19 June for Vision Golfe, a high-level forum designed to accelerate trade, investment and strategic cooperation between the two regions.
KEO, a leading multidisciplinary consulting firm, and Margulies Hoelzli Architecture (MHA), a leader in data center and mission-critical design, have entered into a strategic partnership to deliver end-to-end data center solutions for developers and investors across the GCC and Europe.
The Middle East war could lead to total and partial loss events for a small number of rated sukuk, particularly where they have underlying assets targeted by attacks. Those backed by industrial or commercial real estate are the most vulnerable, according to S&P Global Ratings.
Quarterly net profits reported by companies listed on GCC exchanges witnessed a sharp sequential decline and reached the lowest level in 12 quarters during Q4-2025, said a Kamco research report.
GCC Secretary-General Jasem Albudaiwi said rising regional tensions are a major test for member states’ stability and vital sectors, warning tourism could fall by 8–19 million visitors, risking $13–$32 billion in losses.
GCC banking systems face few immediate credit risks from the regional conflict that has followed attacks on Iran by Israel and the US, says Fitch since the GCC sovereign ratings generally have sufficient headroom to withstand a short regional conflict that does not escalate significantly further.
As heightened tensions continue to inject uncertainty into global markets, businesses across the Gulf are balancing caution with determination. The GCC governments are responding swiftly to preserve stability, support liquidity, and sustain momentum, said an industry expert.
Indian Prime Minister Narendra Modi held talks with Iranian President Masoud Pezeshkian and Bahrain's King Hamad bin Isa Al Khalifa to discuss the evolving situation in the Middle East. He condemned the attacks on critical GCC infrastructure and emphasised the need to ensure secure maritime routes.
The Iranian attacks on GCC countries and Jordan constitute a serious violation of the sovereignty of these countries, the principles of good neighbourliness, and a clear breach of international law and the Charter of the United Nations, regardless of any justifications or pretexts, the Ministerial Council of the Gulf Cooperation Council (GCC) said.
Saudi religious leaders have announced that the Eid Al Fitr will be celebrated on Friday in the kingdom and across the Gulf region after the Shawwal crescent moon was not sighted on Wednesday (March 18) evening. Muslims in the region will therefore fast for 30 days this year.
