Several Arab countries have strongly condemned the recent Israeli airstrikes on Syrian territory, which targeted key sites linked to Syria’s Interior and Defence Ministries.
Gulf Cooperation Council countries are working to launch a unified tourist visa allowing holders to travel to Saudi Arabia, UAE, Bahrain, Qatar, Oman and Kuwait with a single visa
Israel is on the brink of attacking Iran, with action expected within days.
China, the countries of South-East Asia (ASEAN) and the Arab states (GCC) just held a summit in Kuala Lumpur to forge what could become the world's largest economic bloc, covering everything from free trade agreements to de-dollarisation.
Meeting in the Malaysian capital, Kuala Lumpur, the GCC, China and the 10-member Association of Southeast Asian Nations issued a joint declaration committing to “chart a unified and collective path towards a peaceful, prosperous and just future.
The UK is closer to finalising a trade agreement with the Gulf Cooperation Council, which includes Saudi Arabia, Qatar, UAE, Kuwait, Bahrain and Oman, Chancellor of the Exchequer Rachel Reeves said on May 20.
A significant development has been taking shape: the emergence of an Arab economic bloc with ambitions extending far beyond traditional resource-based cooperation.
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.