Sports Tourism Helps Offset Oil Decline in the GCC
Gulf Cooperation Council (GCC) countries are increasingly turning to sports tourism to diversify their economies and reduce reliance on oil. ...
Country: Other GCC
Mergers, acquisitions reshaping GCC’s overall business landscape
RIYADH: Of late, businesses in the Gulf Cooperation Council region have become more inclined toward pooling their resources to achieve operational ...
Egypt-Bahrain trade exchange volume reaches $471mn
The volume of trade exchange between Bahrain and Egypt reached $471 million during the year 2019, where Egypt ranked fifth ...
Bahrain adds $470mn in expenditures to 2020 budget for coronavirus impact
Bahrain will add around 177 million dinars ($470 million) to its 2020 state budget in emergency spending on fighting the ...
Land development area under SEZs in GCC to reach 100,000 hectares by 2040
The unprecedented incidents like COVID-19 pandemic and a big drop in energy prices will serve as a catalyst in accelerating ...
Bahrain extends stimulus for private sector, citizens
Bahrain has announced the extension of its stimulus measures to support private-sector jobs and citizens. Finance and National Economy Minister ...
Non-oil sectors forecast to rebound strongly in 2021
A significant rebound in non-oil sectors is expected in GCC economies by 2021 as lockdown ends and demand recovers. Weaker ...
EU agri-food exports to GCC rise over focus on healthy, fresh produce
European Union (EU) farm exports to the GCC grew by 25 percent in Q1 2020 thanks to COVID-19, which has ...
GCC announces $5.5bn projects in April despite Covid
Projects worth $5.5 billion had been announced across the GCC in April primarily driven by Saudi Arabia which contributed 67% ...
Bahrain awards 372 tenders worth $740mn in first three months of 2020
Bahrain has awarded a total of 372 tenders worth a total of $740 million during the first three months of ...
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