In recent years, Gulf Cooperation Council (GCC) – The Kingdom of Saudi Arabia (KSA), the United Arab Emirates UAE, Qatar, Oman, Kuwait and Bahrain – have been focusing on ensuring that their economies are not solely oil driven.
The Covid-19 pandemic has shown its impact on the global economy, and has also had an effect on the Saudi-UAE Economy, and there has been an emphasis on moving away from oil.
India received a whopping $83 billion worth of remittances, the bulk of these remittances were from the Gulf. Pre-Covid, there were about 8-10 million Indians in the GCC The largest population of Indian in the GCC is in the UAE followed by Saudi Arabia.
Saudi Arabia says does not want war with Iran but ready to respond strongly Amid the ongoing tensions with Iran, intensified after last week’s attacks on Saudi oil tankers, the Foreign Ministry of Saudi Arabia said on Sunday that the…