The Abu Dhabi Fund for Development (ADFD) has signed a significant financing agreement worth AED752 million ($205 million) with the Gulf Cooperation Council Interconnection Authority (GCCIA) to facilitate the expansion of the GCC power grid interconnection with the UAE’s national electricity network. This project is a crucial element of the UAE’s long-term strategy aimed at...
The Gulf Cooperation Council (GCC) has officially introduced a unified tourist visa, a significant development that is expected to transform travel across the region. This new visa allows tourists to visit all six GCC countries—UAE, Saudi Arabia, Bahrain, Qatar, Oman, and Kuwait—with a single entry, similar to Europe’s Schengen visa. The initiative is anticipated to...
UAE’s Trade Minister Thani Al Zeyoudi stated on Wednesday that ongoing bilateral negotiations between the United Arab Emirates and the European Union will not obstruct any potential trade agreement between the EU and the Gulf Cooperation Council (GCC) countries. This remark follows the announcement of the commencement of talks for a trade deal between the...
From June 9, 2025, citizens of Saudi Arabia, Oman, Kuwait, and Bahrain will benefit from a new visa-free entry program to China, allowing them to stay for up to 30 days without needing a visa. This initiative is part of a trial aimed at enhancing travel business and fostering cultural ties between China and these...
His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, led the UAE delegation at the 37th meeting of the Presidents of the Olympic Committees of the Gulf Cooperation Council (GCC) in Kuwait. The meeting resulted in significant decisions, including the UAE’s proposal to host the inaugural Sports...
Q-linea AB has announced the commencement of the first clinical evaluation of its ASTar technology at Sheikh Khalifa Medical City in Abu Dhabi, United Arab Emirates. This marks a significant step as it is the first ASTar evaluation in the Gulf Cooperation Council (GCC) region, following recent clearance from local authorities. The evaluation will involve...
Faisal Hamady, Managing Director and Partner at Boston Consulting Group (BCG), told that Artificial Intelligence will generate substantial economic opportunities in the Gulf Cooperation Council (GCC) over the next 5 to 10 years. Key sectors such as energy, smart cities, logistics, and healthcare are expected to benefit significantly from AI advancements. According to Zawya, Hamady...
The countries in the Gulf Cooperation Council (GCC) had a total of $804.1 billion in foreign savings at the end of the first half of 2024. This number shows how strong these countries’ economies are in the face of changes in the world economy. Not only does this large amount show that the GCC is...
Jebel Ali Free Zone (JAFZA) has entered into an agreement with the German technology group Allied Heat Exchange AG (A-HEAT) to establish the largest heat exchanger production facility in the Gulf Cooperation Council (GCC). This significant development aims to address the increasing demand for energy-efficient cooling solutions, particularly for data centers that require advanced thermal...
The UAE is reinforcing its commitment to global gender equality and women’s empowerment through a strategic partnership with UN Women, which was signed in March 2024. This partnership involves a significant investment of US$15 million over 3.5 years aimed at enhancing the status of women worldwide and supporting the UN Women Liaison Office for the...