Skip to content

Connecting business. Building understanding. Advancing peace.

Daily BriefVerify a certificateDue Diligence
Become a Member

Gulf Cooperation Council

China–UAE News
Source: The Star

Malaysia and China Discuss Advancing ASEAN-China-GCC Economic Ties and Currency Settlement

Malaysian Deputy Prime Minister Ahmad Zahid Hamidi met Chinese Vice-Premier Ding Xuexiang in Beijing to advance trilateral economic cooperation between ASEAN, China, and the GCC. Discussions focused on building toward a trilateral agreement and promoting greater use of the Chinese renminbi in China-GCC trade. Officials noted that expanded local currency trade could impact exchange rates among the renminbi, the Malaysian ringgit, and GCC currencies.

China–UAE News
Source: Kuwait Times

GCC Chief Calls for Tangible Results in Financial Cooperation with China

Gulf Cooperation Council Secretary-General Jasem Al-Budaiwi called for concrete progress in cross-border banking cooperation between the GCC and China. The remarks were made during a Bangkok meeting between GCC central bank governors and People's Bank of China Governor Pan Gongsheng. The discussions aimed at linking financial markets, supporting trade facilitation, and maintaining monetary stability.

Policy & Legal Updates
Source: The Economic Times

Five Gulf Nations Pursue Schengen Visa Waiver Ahead of Riyadh EU-GCC Summit

Five Gulf Cooperation Council states are seeking a Schengen visa exemption for their citizens ahead of an upcoming bilateral summit in Riyadh. The Economic Times reports that the discussions apply exclusively to national passport holders rather than foreign residents living in the Gulf. The United Arab Emirates currently remains the only GCC member country with established visa-free Schengen access.

Policy & Legal Updates
Source: Gulf Business

Five GCC Nations Close to Starting Schengen Visa Exemption Process, Official Says

GCC Secretary-General Jasem Mohamed Al Budaiwi stated that Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait are close to beginning the official process for Schengen visa-free travel. A formal announcement is expected at the second EU-GCC Summit in Riyadh on October 24. Currently, the UAE is the only GCC member state whose citizens can travel to the Schengen Area without a visa.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy