The gross domestic product (GDP) of the GCC states reached approximately $2.4 trillion in 2025, positioning the council's economies among the world's influential economic powers, according to data issued by the Gulf Statistical Centre (GCC-Stat).
AD Ports Group has announced the commencement of cruise services at its three terminals in Sharm El Sheikh, Hurghada, and Safaga in Egypt, in addition to facilitating ferry services connecting Safaga and NEOM ports to support transport of Hajj workers between Egypt and Saudi Arabia.
Dubai Customs has announced notable successes achieved by its ‘Green Corridor’ initiative since its activation last March in co-operation with Oman Customs. It has helped ensure uninterrupted trade flows, bolstering supply chain resilience and supporting business continuity, while also safeguarding local food security.
The UAE-India partnership creates a huge opportunity for investors and business community of both the countries as bilateral trade will double from $100 billion to $200 billion in just seven years, said experts at a key summit in Dubai. The Indian economy is set to exceed $30 trillion by 2047 – when the country turns 100.
AD Ports Group, a leading global enabler of integrated trade, industry, and logistics solutions, today reported strong revenue and net profit performance in the first quarter of 2026, demonstrating the resilience of its diversified and integrated trade ecosystem.
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and South Korea has officially entered into force, marking a significant step forward in economic relations between the two countries.
The Central Bank of Bahrain has signed a currency swap deal with Central Bank of UAE that has a nominal value of BD2 billion (AED20 billion), with a tenor of five years. This reaffirms the duo’s shared commitment to expanding monetary co-operation as well as boosting trade and investment ties.
Dubai Chambers explored ways to strengthen the resilience of bilateral trade flows with Oman during a visit on Monday by a delegation led by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to Sohar in Oman’s Al Batinah North Governorate.
Dubai Chambers recently organised a meeting with the Ambassador of India to the UAE to discuss ways to strengthen bilateral relations and advance trade and investment ties between Dubai and India.
After withstanding higher trade barriers and elevated uncertainty last year, global activity now faces a major test from the outbreak of war in the Middle East, which threatens to disrupt growth, says the latest World Economic Outlook report from IMF.
