Mondelez International, one of the world's largest snacks companies, has announced the appointment of Othmane Nadifi as the new Managing Director of its Gulf business. An industry veteran, he brings more than two decades of leadership experience across the FMCG sector to the group.
FedEx has launched the dangerous goods transportation capabilities across its Middle East Road Network, enabling customers to move eligible regulated goods such as lab reagents, chemicals and lithium batteries across UAE, Saudi Arabia, Bahrain, Kuwait and Oman using its freight services.
The GCC countries have built an investment base of $426 billion across nearly 22,000 factories, contributing 13% of regional GDP in 2025, said a report. About 40% of the industrial investments are concentrated in key sectors such as plastics, refined petroleum products, aluminium and iron and steel.
The GCC-EU Summit, which was scheduled to be held in Riyadh on October 24, has been rescheduled to a later date to be agreed upon by the GCC and European sides, said Jasem Mohamed Albudaiwi, GCC Secretary-General.
The GCC has established itself as a global stage for major sporting events – and now stands to capture a share of the $2 trillion global sports tourism market by 2030, according to new PwC Middle East report.
LG Electronics (LG) has announced a strategic distribution agreement with Al Mulla Group to strengthen its market presence and enhance product availability across Kuwait.
The UAE’s industrial sector plays a key role in strengthening the country’s competitiveness, attracting GCC investment and enabling partnerships, said a senior minister at the inaugural edition of Made in GCC 2026 expo held in Bahrain, adding that the emirate’s industrial exports hit AED260 billion ($71 billion) in 2025.
The World Steel Association (worldsteel) forecasts GCC steel demand to fall by about 11% in 2026, a sharp reversal of the trajectory it published in April.
Accelerating economic unity pathways and completing the Customs Union and the GCC Common Market constitute crucial pillars for bolstering the competitiveness of GCC economies.
Saudi Arabia has called for strengthening GCC integration in the housing sector and leveraging Gulf capabilities and expertise.
