May 4, 2025
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Category: Business

India-Oman Business Meet in the Agriculture, Processed Food, Spices, Engineering, and Construction sectors

GCC News02 mins

Muscat: Embassy of India, Muscat organized a successful India-Oman Business-to-Business (B2B) Meet on 26 June 2024. The event witnessed the participation of 23 visiting Indian companies from the Agriculture, Processed Food, Spices, Engineering, and Construction sectors, led by the Chairperson of IGTD Exim Chamber of Commerce, along with 40 Omani companies. This meeting facilitated direct interactions…

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8th Saudi-US Trade and Investment Council Meeting held in Washington

GCC News03 mins

RIYADH: The eighth meeting of the Saudi-US Trade and Investment Framework Agreement (TIFA) Council in the United States kicked off on Sunday in Washington DC.The Saudi delegation was led by the General Authority of Foreign Trade (GAFT), and it included 20 government entities.The council’s goal is to monitor trade and investment relations in order to…

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Riyadh targets Expo 2030 ‘by the world, for the world’

GCC News02 mins

Saudi Arabia is on target to deliver an Expo 2030 “by the world, for the world,” organizers have told event chiefs in Paris in their first progress report since Riyadh was chosen as host city. Abdulaziz Alghannam, director general of the Riyadh Expo 2030 office at the Royal Commission for Riyadh City, led the Saudi…

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Kuwait receives ‘A+’ rating, despite oil dependency: S&P report

GCC News04 mins

RIYADH: A strong stock of government financial assets has cemented Kuwait’s standing as it secures an ‘A+’ rating from Standard & Poor.   In its latest report, the global rating agency affirmed Kuwait’s sovereign rating with a stable outlook, primarily attributing it to government financial assets supporting around 418 percent of the nation’s gross domestic product…

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Saudi Arabia to ramp up oil production capacity in the next 3 years – energy minister

GCC News06 mins

RIYADH: Saudi Arabia will increase its oil production capacity from 2025 to 2027, before going back to the current level of 12.3 million barrels per day in 2028, the Kingdom’s energy minister has revealed. Speaking at the International Economic Forum in St. Petersburg, Prince Abdulaziz bin Salman said the Organization of the Petroleum Exporting Countries, and…

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Saudi Arabia issues 127 regional HQ licenses for companies in Q1 

GCC News05 mins

RIYADH: More than 120 international firms received licenses to relocate their regional headquarters to Saudi Arabia during the first quarter of 2024, representing a 477 percent year-on-year increase.  In its quarterly report, Saudi Arabia’s Ministry of Investment revealed that the 127 permits issued in the first three months of the year underscores the Kingdom’s attractive and…

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Oil Update – crude slips after Fed signals no rush to cut rates as key US inflation data awaited

GCC News05 mins

HOUSTON/BEIJING: Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited US inflation report, according to Reuters.  The market, which is waiting on a weekend OPEC+ decision on production cuts,…

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Dubai Chamber of Commerce launches Qazaqstan Business Council to support growth of trade and intra-regional investments

GCC News02 mins

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Qazaqstan Business Council to enhance bilateral trade and investment ties between the business communities in Dubai and Qazaqstan. The establishment of the Business Council reflects the growing economic relations between the two markets….

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PIF crowned world’s most valuable wealth fund brand

GCC News010 mins

RIYADH: Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth with a brand value of $1.1 billion, according to an analysis.  In its latest report, UK-based strategic consultancy Brand Finance revealed that Saudi Arabia’s wealth fund secured the top spot in the list due to its diverse investment strategy, trust…

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