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Friday, July 03, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "GCC" (136 articles)

Gulf Times
Region

GCC Secretary-General, Moroccan Foreign Minister discuss strategic partnership and ways to enhance it

Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi met with Minister of Foreign Affairs, African Cooperation and Moroccans Residing Abroad in Morocco Nasser Bourita on the sidelines of the meetings of the 80th session of the United Nations General Assembly in New York. During the meeting, several topics were discussed, most notably the strategic partnership between the two sides and ways to enhance it. They also reviewed the latest preparations for the Gulf-Morocco Investment Forum, scheduled for early November. This forum comes within the framework of the GCC and the Kingdom of Morocco's commitment to strengthening investment and trade relations between them. GCC Secretary General also highlighted the importance the GCC attaches to its strategic partnership with the Kingdom of Morocco, and its firm positions and decisions in support of the Moroccan Sahara and the preservation of the security, stability and territorial integrity of the Kingdom of Morocco. He also praised Security Council Resolution 2756, issued on October 31, 2024, regarding the Moroccan Sahara.

Gulf Times
Region

GCC Secretary-General says brutal Israeli attack on Qatar violates international law

Secretary-General of the Gulf Cooperation Council (GCC) Jasim Mohamed Albudaiwi said that the recent Israeli attack on the State of Qatar constitutes a blatant violation of international law, the United Nations Charter, and Qatar's sovereignty and territorial integrity. He added that Israel targeted residential facilities housing members of the negotiating delegation from the Hamas Political Bureau during ongoing talks and mediation efforts hosted by Doha to reach an agreement on Gaza. Albudaiwi made these remarks during his speech at the joint strategic partnership meeting between the GCC and the United States, held on the sidelines of the 80th session of the United Nations General Assembly in New York. The meeting was co-chaired by Kuwait's Foreign Minister Abdullah Ali Al Yahya, and current GCC chair, and U.S. Secretary of State Marco Rubio. He highlighted that the Israeli attack endangered civilian lives in a residential area filled with schools, diplomatic missions, and kindergartens. He reaffirmed the GCC's full solidarity with Qatar, stressing that the security of the GCC states is indivisible and that any attack on one member is considered an attack on all. Regarding the humanitarian catastrophe in Gaza, the Secretary-General said that the ongoing Israeli aggression, the crime of genocide being committed by Israeli forces, and the deliberate blockade that has caused famine pose serious threats to regional and international peace and security. He emphasized the urgent need for a comprehensive ceasefire, the release of hostages and detainees, the unhindered delivery of humanitarian aid, and a just, comprehensive settlement leading to the establishment of an independent Palestinian state along the 1967 borders with East Jerusalem as its capital, in line with the Arab Peace Initiative and relevant UN resolutions. On Syria, Albudaiwi underscored the importance of respecting Syrian sovereignty, independence, and territorial integrity and rejecting foreign interference in its internal affairs. He reaffirmed that Syria's security and stability are essential to regional stability, condemned repeated Israeli attacks on Syrian territory, and stressed adherence to the 1974 Disengagement Agreement. Turning to Lebanon, he reiterated the GCC's steadfast support for Lebanon's sovereignty, security, and stability and highlighted the need for political and economic reforms to meet the aspirations of the Lebanese people for stability, prosperity, and development. He also emphasized the importance of safeguarding maritime security and waterways in the region, countering activities that threaten regional and global stability, including attacks on commercial vessels, threats to shipping routes, and targeting of oil installations in GCC states. During the joint ministerial meeting, Albudaiwi affirmed that the GCC-US partnership is a strategic necessity to ensure security, stability, and prosperity for all. He noted that the meeting reflects a strong commitment to strengthening this longstanding partnership, which has evolved over decades of close cooperation. He added that this partnership has been reinforced through five joint summits, most recently the Riyadh Summit in 2025, which witnessed the signing of trade and investment agreements exceeding $2 trillion. On the economic front, Albudaiwi reported that bilateral trade between the GCC and the United States surpassed $120 billion in 2024, supported by significant Gulf investments in the US economy. He also pointed to the depth of educational and cultural ties, noting that tens of thousands of Gulf students currently study at US universities and that hundreds of thousands have graduated from American institutions over the past six decades. He expressed hope that Gulf students will continue to study in the United States without facing any consular or procedural obstacles.

Gulf Times
Region

GCC Secretary General, Spanish Foreign Minister discuss strategic relations

Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi discusses with Minister of Foreign Affairs of Spain Jose Manuel Albares the strategic relations between the GCC countries and Spain and ways to cement and develop them in various fields.The meeting took place Tuesday on the sidelines of the meetings of the 80th session of the United Nations General Assembly in New York.While discussing and reviewing the latest developments regionally and internationally, GCC Secretary General praised Spain's great humanitarian position on the Palestinian issue as well as the crisis in Gaza, stressing that this approach reflects the values of solidarity and justice, and contributes to supporting international efforts aimed at ending the human suffering of the Palestinian people and achieving security and stability in the region.

Gulf Times
Qatar

Qatar participates in GCC-France Joint Ministerial Meeting

The State of Qatar participated in the joint ministerial meeting between the foreign ministers of the Gulf Cooperation Council (GCC) countries and the French Republic, held on the sidelines of the 80th session of the United Nations General Assembly in New York. The delegation of the State of Qatar to the meeting was headed by His Excellency Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi.

Gulf Times
Region

GCC Secretary General, Pakistan's Deputy Prime Minister and Foreign Minister discuss bilateral relations

Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, discussed bilateral relations with Deputy Prime Minister and Minister of Foreign Affairs of the Islamic Republic of Pakistan Muhammad Ishaq Dar on the sidelines of the 80th session of the United Nations General Assembly in the United States. The meeting addressed several topics, most notably a review of Gulf-Pakistan relations and ways to develop and strengthen them to serve their common interests, in line with the Joint Action Plan 2022-2026. The two sides also discussed developments regarding the Free Trade Agreement (FTA), which was signed on Sep. 28, 2023. Furthermore, they exchanged views on the latest developments and issues in the region, particularly the serious violations committed by Israeli occupation forces against the Palestinian people in Gaza and the rest of the occupied Palestinian territories, and their repercussions on security and stability in the Middle East.

Gulf Times
Region

GCC Secretary-General, Lebanese Foreign Minister discuss regional developments

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi met with Lebanese Foreign Minister Youssef Rajji on the sidelines of the 80th session of the United Nations General Assembly. The two sides reviewed ways to strengthen the strategic partnership and enhance relations between the GCC and Lebanon across various fields serve common interests.Talks also addressed recent positive developments in Lebanon aimed at achieving greater prosperity and security for its people, as well as the latest regional and international developments.The GCC Secretary-General reaffirmed the GCC's firm positions on Lebanon, including its continued support for the country's sovereignty, security, and stability, and its backing for the reform process and state-building efforts.Albudaiwi further underscored the importance of implementing UN Security Council resolutions on Lebanon, particularly Resolution 1701, as well as the Taif Agreement. He stressed that these steps are essential to restoring lasting security and stability, safeguarding Lebanon's territorial integrity and political independence, and ensuring the extension of state authority over all Lebanese territories.

Gulf Times
Business

Assets of GCC Commercial Banks Reach USD 3.5 Trillion in 2024

The GCC Statistical Center revealed in a report on Monday that the total assets of commercial banks in the Gulf Cooperation Council (GCC) countries increased by 10 percent in 2024, reaching approximately USD 3.5 trillion, compared to 2023.The report mentioned that the total deposits in these banks amounted to about USD 2.1 trillion in 2024, showing a 9.6 percent increase compared to 2023.The report also highlighted the rise in total loans provided by the banks, reaching nearly USD 2.1 trillion in 2024, an increase of 9.9 percent over 2023, with the private sector accounting for about 80.7 percent of the total loans.The statistics from the GCC Statistical Center showed a decline in the non-performing loan ratios across the GCC countries during the period from 2020 to 2024, with a noticeable variation in the loan-to-deposit ratios, ranging between 66 percent and 125 percent.Regarding capital adequacy, the GCC countries maintained high levels, surpassing the minimum threshold set by the Basel III Committee of 8 percent, with ratios ranging between 17.8 percent and 32 percent in 2024.On the financial performance front, commercial banks in the GCC countries witnessed significant growth in their net profits over the past four years, surpassing pre-COVID-19 levels.

Gulf Times
Region

GCC Secretary-General, Egyptian Foreign Minister discuss regional developments

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi and Egyptian Foreign Minister Badr Abdelatty discussed enhancing the strategic partnership between the GCC and Egypt and expanding cooperation across multiple fields to serve shared interests, during a meeting held on the sidelines of the 80th session of the United Nations General Assembly on Monday.Discussions also covered the latest regional and international developments, particularly the situation in the Gaza Strip and the serious violations committed by Israeli occupation forces against the Palestinian people. Both sides stressed the importance of concerted efforts to achieve a ceasefire, facilitate urgent humanitarian aid delivery, and end the crisis in order to safeguard regional and international security and stability.

Gulf Times
Region

GCC Secretary-General, UN Envoy discuss humanitarian and development support for Syria

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi met with UN Special Envoy for Syria Geir Pedersen, on the sidelines of the 80th session of the United Nations General Assembly in New York.The meeting reviewed ways to support Syria at multiple levels, particularly efforts to improve the humanitarian and living conditions of the Syrian people. Discussions also addressed the importance of restoring political and security stability, advancing economic recovery, and promoting development.Albudaiwi stressed the need for concerted regional and international efforts to mobilize humanitarian and development assistance to help the Syrian people and government overcome current and future challenges.The two sides also exchanged views on the latest regional and international developments.

Gulf Times
Qatar

Qatar Investment and Innovation Conference welcomes MCIT as strategic partner

Qatar Investment and Innovation Conference has announced that the Ministry of Communications and Information Technology (MCIT) has joined the upcoming edition 'Driving GCC Entrepreneurial Growth' as strategic partner. This high-level forum, organised by The Business Year and Msheireb Properties aims to foster dialogue between policymakers, investors, entrepreneurs, and innovators from across the Gulf region.The partnership underscores MCIT's commitment to advancing Qatar's digital transformation, fostering innovation, and building a dynamic entrepreneurial ecosystem in line with the Third National Development Strategy, Qatar National Vision 2030, and Digital Agenda 2030. By focusing on emerging technologies, digital inclusion, and innovation-led growth, MCIT's participation emphasises the vital role of public-private collaboration in shaping the region's future as a knowledge-based economy.Faraj Jassim Abdulla, director of the Digital Economy Department at MCIT, stated: "Through the Qatar Investment and Innovation Conference, MCIT aims to empower entrepreneurs and innovators across the GCC by providing a platform to connect, share ideas, and explore growth opportunities. This conference is an excellent example of how public-private partnerships can strengthen the digital economy, accelerate innovation, and position Qatar as a leader in innovation and sustainable economic transformation."The conference, scheduled for November 3 at Barahat Msheireb, will convene senior leaders from government, investment, and the private sector to explore opportunities in entrepreneurship, innovation, and digital transformation across the GCC. Msheireb Downtown Doha will provide a fitting venue for these regional stakeholders to engage in meaningful discussions on the role of entrepreneurship in driving economic growth, strategies for scaling start-ups, the evolving investment landscape, and the importance of public-private partnerships in strengthening global competitiveness.New to this year's edition is the “AI for Good Innovation Challenge”, hosted in collaboration with the AI for Good initiative YAILs and its Doha chapter. This dynamic segment will provide a global platform for showcasing emerging AI-driven solutions aligned with the United Nations Sustainable Development Goals (SDGs), featuring emerging companies from across the GCC alongside main panel discussions with industry leaders and policymakers.As a Strategic Partner, MCIT will play a central role in shaping the programme, ensuring alignment with Qatar's national priorities and reinforcing the country's position as a regional hub for innovation and entrepreneurship.

Qatari lenders were seen to have the highest operational efficiency within the Gulf banks during the second quarter of 2025, according to Kamco Invest
Business

Qatar banks seen to have highest operational efficiency in GCC in Q2

Qatari lenders were seen to have the highest operational efficiency within the Gulf banks during the second quarter (Q2) of 2025, according to Kamco Invest, a regional non-banking finance entity."Qatari banks continued to boast the lowest cost-to-income ratio in the GCC that reached a seven-quarter low level of 36.6% during Q2-2025," Kamco said in its latest report.At the country level, the aggregates for Qatari banks showed a 110bps (basis points) plunge, followed by the UAE and Saudi Arabia banks with 70bps and 60bps fall respectively, it said.The aggregate operating expenses for the listed banks in the GCC continued to decline for the second consecutive quarter reaching a three-quarter low level during Q2-2025, Kamco noted.Total operating expenses for the GCC banking sector stood at $13.4bn during Q2 with a quarter-on-quarter decline of 1.5% and a year-on-year growth of 6.9%.The quarterly decline showed mixed trends at the country level with three countries showing an increase and the remaining three showing a decline.The UAE-listed banks showed the biggest fall in operating costs during the quarter that reached $4.6bn from $4.9bn in Q1-2025.Qatari and Bahraini banks also showed declines of 4.5% and 4%, respectively, it said, adding on the other hand, Kuwait banks reported the biggest increase of 4.4% with total operating expenses reaching $1.6bn in Q2-2025.The quarterly increase reported by Saudi and Omani banks was marginal, it added.The decline in operating expenses resulted in a marginal drop in the cost-to-income ratio for the GCC banking sector that once again went below the 40% mark during Q2-2025. The ratio fell by 50bps to 39.5% at the end of the quarter compared to 40% during Q1-2025, reflecting a drop in the ratio for three of six country aggregates.The report found that the Qatari banks' loan-to-deposit ratio was at 90.3% during Q2-2025, an improvement from 89.6% during Q1-2025.The aggregate loan-to-deposit ratio for the GCC banking sector remained elevated above the 80% mark at the end of Q2-2025."The ratio has remained consistently above 80% over the last five quarters and reflects improving asset utilisation as well as better margins to offset pressure from lowering interest rates," it said.Total customer deposits of listed GCC banks reached a new record high at the end of Q2-2025 at $2.74tn, registering a quarter-on-quarter growth of 3.5%.The growth was broad-based as seen in higher quarterly customer deposits in all countries in the GCC.At the country level, Kuwaiti banks saw the strongest growth in deposits at $334.8bn after a quarter-on-quarter growth of 4.7%.The UAE-listed banks were next with a quarterly deposits growth of 4.1% to $941bn, the highest in the GCC, followed by banks in Saudi Arabia with a growth of 3.9% to $858.8bn. Banks in Bahrain, Oman and Qatar, have reported slightly smaller customer deposit growth during the quarter, it said.

Gulf Times
Region

GCC Secretary General welcomes announcement by Syria of a roadmap to resolve crisis in As-Suwayda governorate

Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi welcomed the announcement by the sisterly Arab Republic of Syria of reaching a roadmap to resolve the crisis in the As-Suwayda Governorate.Albudaiwi commended the efforts of the Hashemite Kingdom of Jordan and the United States of America in supporting this announcement, which will contribute to enhancing security and peace in the Arab Republic of Syria and achieving the aspirations of the brotherly Syrian people for stability, development, and prosperity.