ISLAMABAD: The Islamabad Policy Research Institute (IPRI) on Thursday held a seminar on ‘Changing Foreign Policy Dynamics of Gulf in View of Abrahamic Accords: Impact on Pak-Gulf Relations’. The distinguished panel of speakers consisted of former Ambassador to the UAE Ghulam Dastagir; Qatar University Associate Professor and Kashmir Civitas Secretary General, Dr Farhan Mujahid Chak; … Read more
BEIJING: Foreign ministers from oil-rich Gulf states arrived in Beijing on Monday for a five-day visit as turmoil in neighbouring Kazakhstan raises concerns about China’s energy security. The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the Gulf Cooperation Council (GCC) Nayef bin Falah al-Hajrah, will be in China … Read more
RIYADH: Saudi Arabia on Thursday re-imposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque, which is built around the Kaaba. The Saudi authorities said they … Read more
RIYADH, Dec 30, 2021 (AFP) – Saudi Arabia on Thursday reimposed social distancing measures at the Grand Mosque in the Muslim holy city of Mecca, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque — … Read more
RIYADH: Saudi-based United Electronics Co, known as extra, to inject one billion Egyptian pounds ($64 million) as an initial investment for a fully owned subsidiary in Egypt, marking its first expansion outside the Gulf Cooperation Council, Arab News quoted the company, as saying, in a bourse filing. The expansion in Egypt will be financed entirely from the … Read more
RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 per cent in the first half of 2021, compared to the end of 2020, Arab News reported. The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC … Read more
RIYADH: Gulf Cooperation Council countries’ economies are expected to have grown by a cumulative 3.1 per cent in 2021, reversing a 5.2 per cent decline last year, Arab News quoted a recent report by the GCC Statistical Centre. The predicted expansion in output is attributed to higher oil output, particularly in the fourth quarter. The elimination of … Read more
Consumer prices in the Gulf Cooperation Council states are projected to have risen 2.1 per cent in 2021, compared with 1.2 per cent in 2020, Arab News quoted a report by the GCC Statistical Centre revealed. Looking forward, inflation rate forecasts for 2022 and 2023 are predicted at 1.8 per cent and 2.6 per cent, … Read more
DUBAI: The signing of new investment deals reportedly worth $30 billion between Saudi Arabia and Oman is no doubt a positive development for solidifying cooperation between the member countries of the Gulf Cooperation Council, Arab News reported. Yet the first questions that spring to mind are: Why Oman and why now? From a geopolitical perspective, Saudi Arabia’s … Read more
ISLAMABAD: Remittances in Pakistan grows 26 per cent in 2021, compared with the overall growth of 8 per cent in South Asia, according to the estimates from the World Bank’s Migration and Development Brief. “Pakistan had another year of record remittances with [the] growth at 26 per cent and levels reaching $33 billion in 2021,” … Read more
Pakistan will pursue individual trade deals with Saudi Arabia, the United Arab Emirates (UAE) and Oman, Adviser to the Prime Minister on Commerce Razak Dawood said. The Gulf Cooperation Council (GCC), which includes the mentioned countries along with Qatar, Kuwait and Bahrain, started talks about free trades with Pakistan in 2004. However, since 2015 the … Read more
Chiefs of Staff of the Gulf Cooperation Council states and a number of countries attended the Security and Defense Conference hosted by Arab countries in Riyadh. Egypt, France, Germany, Greece, Italy, Jordan, Netherlands, New Zealand, Pakistan, South Korea, United Kingdom and the US, emphasized their determination to deter any aggression that targets vital facilities in … Read more
The chiefs of staff of the Gulf Cooperation Council (GCC) states said that Gulf countries are militarily ready to address any threats or terrorist attacks. According to the GCC statement issued after an extraordinary meeting was held in Riyadh on Thursday morning at Saudi Arabia’s request, the head of the Gulf States has said that … Read more
