GCC

Workers’ remittances as a percentage of the gross domestic product (GDP) of GCC countries stood at approximately 6.6 per cent in 2025

Addressing the “Security and History Dialogue 2026” conference in Riyadh on Sunday, Albudaiwi said the unified visa will enable foreign visitors to travel more easily among the six GCC countries

The Maser Group venture, backed by MDR Investments, will supply construction materials to contractors, developers and distributors across Gulf markets

Shipping traffic through the Strait of Hormuz remained severely disrupted on Monday, with just six vessels transiting the key energy chokepoint as hopes faded for a US-Iran peace deal

Parts of the Gulf could face conditions more favourable for rainfall from August to October as El Niño strengthens

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QatarEnergy confirmed that an operational incident triggered the explosion and subsequent fire at the gas processing complex

Dragonpass said the trend contrasts sharply with Eid Al Fitr earlier this year, when travel activity across the GCC increased by 6 per cent during the holiday week before falling 20 per cent in the following week

The GCC oil sector is forecast to shrink 14.5 per cent in 2026, marking the steepest decline in several decades, before rebounding 23.5 per cent in 2027 as production recovers from a depressed base

The latest notice follows reports that Iran’s military command had moved to halt vessel traffic through the strait amid renewed hostilities with the United States