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Gulf Cooperation Council

Gulf Cooperation Council latest

Kuwaits Position in the GCC
May 1st, 2019 - 12:19 GMT

As the Qatar Blockade Continues a Neutral Kuwait Remembers the Gulf War

On the 24th of April 2019, Iraq signed a Memorandum of Understanding with the Gulf Cooperation Council (GCC). At the signing in Baghdad, GCC Secretary-General Abdul Latif bin Rashid al-Zayani praised the agreement as a call to frequent “political consultations [between Iraqi and GCC representatives] to allow for regular dialogue on issues of mutual interest.” His Iraqi counterpart, Foreign Minister Mohamed Ali al-Hakim agreed. “The security and safety of the ...
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Saudi Arabia is reportedly seeking a bank loan of between $6B-$8B, in what would be the first significant foreign borrowing by the kingdom's government for over a decade. (File photo)
April 13th, 2016 - 06:00 GMT

Low oil continues to bite as Saudi suffers Fitch downgrade

Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, overlooks plans for a $30B Wholesale City in Dubai. (File photo)
April 12th, 2016 - 12:00 GMT

UAE targets five percent FDI contribution to GDP over next five years

The New Port project is considered to be the largest port development project in the world to be built on unused land. (Ship Technology)
April 6th, 2016 - 12:30 GMT

Doha's $7.5B New Port project set for completion in 2020

Houthi rebels in Yemen. (AFP/File)
April 5th, 2016 - 07:46 GMT

Rise in global military spending driven by Middle East conflicts

Barclays and National Bank of Ras Al Khaimah announced job cuts earlier this year. (Twitter)
April 4th, 2016 - 12:00 GMT

Emirates Islamic Bank to slash 200 jobs

Lebanon is not a joke. (Shutterstock)
April 1st, 2016 - 12:43 GMT

Cruel April Fools! Saudi newspaper calls the entire country of Lebanon a joke!

Kuwait and other GCC countries have recently announced deportations of Lebanese and other foreign nationals over links to Hezbollah. (Shutterstock)
March 28th, 2016 - 07:55 GMT

Kuwait to deport 60 more Lebanese nationals over alleged Hezbollah links

Kuwait's Finance Minister confirmed that any potential spending deficit could be covered by tapping into Kuwait’s financial reserves and going to the bond market. (File photo)
March 24th, 2016 - 09:00 GMT

Kuwait looks to PPP, VAT, cutting subsidies to trim budget

With oil prices falling, the GCC must sustain the momentum of change and economic reform that has begun. (File photo)
March 23rd, 2016 - 09:00 GMT

Optimizing GCC collaboration could create the sixth largest economy in the world: EY

Kuwait and other GCC countries have recently announced deportations of Lebanese and other foreign nationals over links to Hezbollah. (Shutterstock)
March 21st, 2016 - 09:30 GMT

Kuwait expels 11 Lebanese, 3 Iraqis over alleged Hezbollah links

Ban Ki-moon and Jim Yong Kim will be also joined by the President of the Islamic Development Bank Group Mohammed Ali Al Madani in their visit to Lebanon. (AFP/Don Emmert)
March 20th, 2016 - 08:30 GMT

Ban Ki-moon, World Bank President to visit Jordan, Lebanon and Tunisia

Other measures being undertaken include the privatisation of state-owned assets including airports, ports and some facilities of Kuwait Petroleum Corp. (File photo)
March 15th, 2016 - 11:00 GMT

Kuwait introduces economic reforms: corporate profits taxed, commodities to be 'repriced'

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