GCC News & Analysis
2 articles
Market Mood
UK Strikes £3.7bn Trade Deal with Gulf Cooperation Council States
The UK has finalized a trade deal anticipated to be worth £3.7bn with six Gulf states: Oman, Bahrain, Kuwait, Qatar, Saudi Arabia, and the UAE. This agreement is expected to eliminate £580m annually in tariffs on British exports, including products like cheddar cheese and chocolate. The trade deal is presented as a significant opportunity for British firms to expand in the Gulf, potentially supporting job growth. Critics, however, have raised concerns regarding human rights and labor protections associated with the agreement, highlighting the need for more details.
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Al Ramz (ARAM) Launches New Asset Management Subsidiary ARAM Capital
Al Ramz Corporation has established a new asset management subsidiary, ARAM Capital Partners, under the Abu Dhabi Global Market (ADGM). The company will focus on investment activities across the GCC and MENA markets, offering services for both public and private assets. ARAM Capital operates as a regulated asset manager and is fully owned by Al Ramz. The investment team has expertise in various fields including equities, fixed income, and real estate, ensuring adherence to international governance standards.
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