Gulf Cooperation Council

International

Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman

Its strait agency says passage through unauthorised routes is the responsibility of the vessel commander

A cargo ship docks at the Dammam Port in Saudi Arabia. Middle Eastern nations have been doubling down on trade with Asean and the broader Asian continent.

Opinion & Features

Asean will benefit from breakthrough trade deal between UK and Gulf states

Britain and the Middle East states have a shared interest in the Asian region

Andrew Lim, CapitaLand Investment's group chief operating officer, says the real asset manager also intends to strengthen relationships with its capital partners.

Property

CapitaLand eyes Gulf region’s ‘deep, liquid pools of capital’, investments in logistics, hospitality

Real asset manager intends to grow its presence and engage investors in the region, as the oil-producing nations reinvent themselves

The inaugural Asean-GCC-China Summit that was held in Kuala Lumpur this year. The continued eastward shift of the Gulf’s trade will aid the region’s evolution into a global middle power, says the Asia House report.

Asean Business

China overtakes West in Gulf trade for the first time in ‘watershed’ moment: report

Structural and fundamental factors suggest the trend will only pick up pace in coming years, says think tank

DBS said that Saudi Arabia is expected to play a key role in driving growth across the corridor.

Banking & Finance

DBS, Banque Saudi Fransi join forces to boost payment flows across Asia, GCC

The partnership will boost GCC trade, finance and currency-clearing collaboration across the region

A rendering of the Ras Al Khaimah industrial park, the fund's maiden project in the United Arab Emirates.

Companies & Markets

CapitaLand Investment, SC Capital launch industrial development fund focused on Gulf Cooperation Council markets

Its first project is to develop a 300,000 sq m industrial park in the UAE

Pushing for cooperation in new areas, such as the digital economy, artificial intelligence and renewable energy, PM Wong said Asean hopes to leverage the GCC and China’s expertise to support the Asean Power Grid and DEFA.

International

Asean, Gulf bloc, China can work closely on trade and investment, energy, digital economy: PM Wong

He urges accelerated efforts to study an FTA between Asean and the Gulf Cooperation Council

Once a niche alternative financial choice, Islamic banking is rapidly gaining traction in today’s world.

Global Enterprise

StanChart steps up as Asean’s gateway to the Gulf as Islamic finance matures

Malaysia’s Asean chairmanship is an opportunity for the bank to develop its Asean-Gulf Cooperation Council corridor, says coverage chief Chow Wan Thonh

Asean leaders and their counterparts from the Gulf nations met for the first time at a summit in Saudi Arabia in October 2023.

Asean Business

After historic Riyadh summit, Asean and Gulf Cooperation Council eager to boost trade links

A MONTH after the Association of South-east Asian Nations (Asean) and the Gulf Cooperation Council (GCC) held their first-ever joint summit, relations between the two blocs are poised to grow, especia...

Ferdinand Marcos Jr says he is confident about pitching the fund to governments and to the private sector when it is operational.

Asean Business

Marcos says Saudi, Gulf nations interested in Philippine fund

PHILIPPINE President Ferdinand Marcos Jr said Saudi Arabia and other Gulf nations had expressed interest in the South-east Asian nation’s sovereign wealth fund.

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