Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

GCC and Turkey begin free trade negotiations to boost ties

Jasem Mohamed Albudaiwi, Secretary General of the GCC, and Dr. Omer Bolat, Minister of Trade of Turkey.
  • Albudaiwi said the free trade talks exemplify the strategic partnership between the GCC countries and Turkey, as well as the regional cooperation in various sectors
  • He said the GCC countries are actively engaged in free trade negotiations with other nations to expand trade opportunities, promote economic cooperation

Ankara, Turkey— The Gulf Cooperation Council and Turkey have started off free trade negotiations to deepen their ties further.

In this connection, Jasem Mohamed Albudaiwi, Secretary General of GCC, and Dr. Omer Bolat, Minister of Trade of Turkey, signed a joint statement to initiate negotiations between the GCC and Turkey.

Albudaiwi said that the joint statement demonstrates the strategic partnership between the GCC countries and Turkey, as well as the advanced international and regional cooperation in various sectors, including commerce, economics, and finance.

The Secretary-General highlighted the significant level of cooperation between the GCC and Turkey, affirming their mutual keenness to further enhance economic relations.

He affirmed that the GCC countries are actively engaged in free trade negotiations with other nations to expand trade opportunities, promote economic cooperation regionally and globally.

Albudaiwi said that these agreements are part of the GCC’s efforts to diversify income sources and foster economic growth.