Tag: GCC
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UK Seals Historic Free Trade Deal With GCC: First G7 Nation to Sign With Gulf Bloc
The United Kingdom has concluded a landmark free trade agreement with the six-member Gulf Cooperation Council, becoming the first G7 nation to sign such a deal with the Gulf bloc and removing an estimated £580 million in annual duties on UK exports.
Brent Crude Slips to $94 as OPEC+ Approves July Output Hike Amid Hormuz Tensions
Oil markets edged lower on Tuesday after OPEC+ approved a 188,000 bpd increase in July production quotas, even as geopolitical uncertainty surrounding the Strait of Hormuz kept prices elevated.
Arabian Gulf Shipping Update: How GCC Businesses Are Managing Elevated Maritime Risk
For the first time since the early 1980s, the Arabian Gulf's principal maritime trade corridor is operating under conditions of significant navigational complexity. The...
GCC Construction Market Set for H2 2026 Recovery After Iran-War Slump Cuts Q1 Awards 9.7%
The GCC's construction and projects market absorbed its sharpest shock in years during the first quarter of 2026, as the US-Iran conflict triggered a...
GCC Aviation Update: Kuwait Airport Resumes Full Operations After Disruption, Travel Advisory
Kuwait International Airport has resumed full commercial operations following a temporary closure after its terminal was struck by drones in an incident on the...
