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GCC

GCC latest

GCC leaders meet in Jeddah
April 28th, 2026 - 06:35 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

GCC leaders meet in Jeddah

ALBAWABA- Leaders of the Gulf Cooperation Council (GCC) held an extraordinary consultative summit in Jeddah on Tuesday, chaired by Saudi Crown Prince Mohammed bin Salman, as rising regional tensions from the US-Israeli military campaign against Iran and Tehran’s retaliation continued to threaten Gulf stability. The summit brought together Qatar’s Emir Sheikh Tamim bin Hamad Al Thani, Bahrain’s King Hamad bin Isa Al Khalifa, and Kuwait’s Crown Prince Sheikh Sabah Khaled ...
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According to the latest World Bank MENA Economic Update report, the foundations for a complete digital transformation in the GGC region already exist.
July 10th, 2019 - 09:11 GMT

5G's Impact on the Digital Economy in GCC

The Iraqi bank had also, earlier, put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira.
July 9th, 2019 - 06:18 GMT

Trade Bank of Iraq Expands in GCC, China to Lift Revenues to 30 Percent

GCC's relatively young population is also seen as major future contributor in the transformation and diversification of economies.
July 7th, 2019 - 03:34 GMT

Liquid Assets, Low Debt Levels to Keep GCC Resilient to Global Economic Slowdown

The deflationary momentum began in Saudi Arabia and the UAE because the introduction of value-added tax (VAT) in 2018 created a high base for comparison.
June 24th, 2019 - 11:00 GMT

Deflation Continues to Rise in GCC as Consumer Prices Record Steepest Fall

The biggest risk for VAT comes on the operational side
June 18th, 2019 - 06:00 GMT

Will the GCC Increase the VAT Rate?

Further margin deterioration is also expected over the next year in the region
June 10th, 2019 - 06:30 GMT

Survey: Soft Demand to Continue in GCC Real Estate Market

The balance sheet of the GCC banking sector strengthened further in the first quarter as total assets continued to remain at one of the highest recorded levels
May 31st, 2019 - 06:00 GMT

UAE to Boast the Biggest Share of GCC Bank Assets at $682 Billion

A growing business means a wider cross-section of customers, each with their unique needs and customer service expectations.
May 28th, 2019 - 12:00 GMT

How GCC-Based Businesses Can Thrive In These Difficult Times

Most of the GCC economies have ambitious plans to diversify their economies away from oil.
May 28th, 2019 - 11:30 GMT

How the GCC Is Affected by Global Trade Tensions

Most mergers and acquisitions (M&A) to date have involved banks with common major shareholders.
May 27th, 2019 - 10:30 GMT

Report: GCC’s Cycle of Bank Mergers Comes to an End

Bahrain already faces interest payments of BD640m this year and BD697m next year on outstanding debt.
May 26th, 2019 - 09:30 GMT

Bahrain Expects to Cut Deficit by 2020

The debt issuance was dominated by Qatari and Saudi sovereigns and quasi-sovereigns comprising over $29 billion. 
May 22nd, 2019 - 06:12 GMT

GCC Debt Issuance Soars to $32 Billion in Q1 2019

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