India and the six-nation Gulf Cooperation Council (GCC) have signed the Terms of Reference (ToR) for a proposed free trade agreement (FTA), marking a significant step towards formal negotiations, Commerce and Industry Minister Piyush Goyal said in a video message shared on X.
The Gulf Cooperation Council (GCC) and India have launched trade agreement negotiations, marking a new phase in the strategic partnership.
The GCC ranked ninth globally in Gross Domestic Product (GDP) at current prices in 2024, with a total output of approximately $2.3 trillion, confirming its position as an influential economic power at the international level.
The Gulf Cooperation Council Interconnection Authority has announced the start of implementation of the direct electricity interconnection project linking the GCC grid with Oman’s network, marking a major step in regional energy integration and infrastructure development.
GCC residential real estate supply is projected to rise from 6.26 million units in 2025 to 7.28 million by 2030, while office space is set to expand from 33.3 million sq m to 42.4 million sq m over the same period.
Bahrain, Saudi Arabia and the UAE have declared that Wednesday (February 18) will be the first day of Ramadan 1447 AH.
Bahrain and the United Arab Emirates (UAE) will officially activate the first phase of a long-planned one-stop air travel system today (February 17), launching a significant step towards seamless mobility within the GCC.
Franklin Templeton, one of the world’s largest global asset managers, said investors should expect a prolonged period of more divergent investment outcomes across markets, with increasingly uneven performance across asset classes and strategies, as global markets adapt to structural shifts in interest rates, capital allocation and technology adoption.
The GCC real estate market is poised to sustain its upward trajectory into the first half of 2026, building on strong momentum recorded in the latter part of 2025, according to a new report by Kuwait Financial Centre (Markaz).
The GCC real estate market is poised to sustain its upward trajectory into the first half of 2026, building on strong momentum recorded in the latter part of 2025, according to a new report by Kuwait Financial Centre (Markaz).
