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Banks in the GCC region are showing a strong desire to expand their presence in major regional markets, particularly Turkey, Egypt, and India, according to Fitch Ratings on Tuesday. This is driven by improved economic conditions and growth opportunities in these target markets.

Khalifa Shaheen Al Marar, Minister of State, has led the delegation from the United Arab Emirates participating in the 160th session of the Ministerial Council of the Cooperation Council for the Arab States of the Gulf (GCC), held today in the Qatari capital, Doha.

The UAE is drawing in more foreign direct investment (FDI), propelled by various factors, including a network of Comprehensive Economic Partnership Agreements (CEPAs) with global partners, as stated by Massimo Falcioni, Chief Competitiveness Officer (CCO) at Abu Dhabi Investment Office (ADIO).