logo
GCC workshop strengthens digital economy data systems

GCC workshop strengthens digital economy data systems

Observer23-06-2025
MUSCAT: A regional workshop on e-commerce and digital economy statistics commenced in Muscat on Monday, bringing together experts and officials from across the Gulf Cooperation Council (GCC) to enhance statistical capabilities and promote data-driven policy development. Organised by the Gulf Statistical Center (GCC-Stat), the two-day event is part of wider efforts to support economic integration and improve the accuracy and transparency of digital economy data in the region.
Intisar bint Abdullah al Wahaibi, Director General of GCC-Stat, said the rapid rise of e-commerce has transformed global economic activity, and the Gulf region has been an active participant in this shift. This growth has been supported by robust digital infrastructure, population expansion, and ambitious national strategies for digital transformation. She noted that GCC-Stat is working through its Trade Cooperation Committee to develop a unified mechanism for measuring e-commerce across the GCC, as part of implementing the GCC Unified Strategic Framework for E-Commerce.
Dr Hajar al Hadawi, Director-General of the Digital Cooperation Organisation, highlighted the importance of accurate and timely digital statistics in understanding the evolving business environment.
he stated that such data are crucial for assessing the impact of digital transformation, identifying challenges, and creating opportunities to stimulate innovation, empower SMEs, generate employment, and promote inclusion in the digital economy. Dr al Hadawi also expressed interest in deeper cooperation with national statistical bodies in the GCC to develop common indicators and regional benchmarks that align with global standards.
According to the United Nations Conference on Trade and Development (UNCTAD), global e-commerce sales reached $27 trillion in 2022, marking a 60 percent increase from 2016. In the GCC, the e-commerce market is expected to grow to $33.3 billion by 2025 and $46.1 billion by 2029, expanding at an average rate of 10 per cent annually.
The first day of the workshop featured two key sessions. The first session focused on defining and measuring e-commerce and digital economic activities, outlining how data can be collected and analysed based on transactions conducted through digital platforms. The second session introduced a GCC-Stat project aimed at building a unified statistical database for the digital economy. It also reviewed current practices among GCC countries, available data sets, and gaps in national capacities for digital economy measurement.
The event is attended by representatives from the GCC General Secretariat, national statistical offices, ministries of commerce, central banks, and other government entities. — ONA
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Government examining impact of US tariff, will take necessary steps to safeguard national interest: Piyush Goyal tells Parliament
Government examining impact of US tariff, will take necessary steps to safeguard national interest: Piyush Goyal tells Parliament

Times of Oman

time2 days ago

  • Times of Oman

Government examining impact of US tariff, will take necessary steps to safeguard national interest: Piyush Goyal tells Parliament

New Delhi: The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest. Commerce and Industry Minister Piyush Goyal made a statement in the lower House of Parliament a day after Trump announced the tariff. He later made similar statement in the Rajya Sabha. Goyal's remarks came a day after the government issued a statement on the US decision to impose tariffs. On Wednesday, Trump announced the imposition of 25 per cent tariffs on Indian goods and a penalty for importing Russian oil, even as there were hopes of an interim India-US trade that would have otherwise helped avoid elevated tariffs. Goyal said the Mnistry of Commerce and Industry is holding talks with exporters, industries and all stakeholders and gathering information on their assessment of this issue. "On April 2, 2025, the US President issued an executive order on reciprocal per cent baseline duty in effect since April 2025. With a 10% baseline tariff, a total of 26% tariff was announced for India. Full country-specific additional tariff was scheduled to come into effect on April 9 but on April 10 this was extended initially for 90 days and then extended till August 1 2025," Goyal said "Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector. We will take all necessary steps to safeguard our national interest. The Government is confident that we will continue our swift journey of inclusive and consistent development towards the goal of Viksit Bharat 2047. Aatmanirbharta ki ore Bharat aatmavishwas se badh raha hai," he added. The Union Minister said that in less than a decade, India came out of the 'Fragile Five' economies and it has now become the fastest-growing economy in the world. "On the basis of the hard work of reforms, farmers, MSMEs and industrialists, we have come in the top five economies of the world from the 11th largest economy. It is expected that we will be the third-largest economy in a few years. Today, global institutions and economists see India as a bright spot in the global economy," he said. Goyal said India and the US started talks for a just, balanced and mutually beneficial Bilateral Trade Agreement (BTA) in March this year, and the goal of this was to finish the first stage of the Agreement by October-November 2025. On April 2, 2025, President Trump signed an executive order for reciprocal tariffs on various trade partners, imposing varied tariffs in the range of 10-50 per cent. He subsequently kept the tariffs in abeyance for 90 days, while imposing a 10 per cent baseline tariff. The deadline was to end on July 9, and the US administration later pushed it ahead to August 1. In March 2025, India and the US initiated talks for a BTA, with the countries stating that the first tranche would be signed by the fall of 2025. (October-November). Talks took place in New Delhi and the US, and there have also been virtual meetings. In its statement on Wednesday, Commerce and Industry Ministry said that it as taken note of a statement by the US President on bilateral trade and the Government is studying its implications. "India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective. The Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs," the statement said. "The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements including the latest Comprehensive Economic and Trade Agreement with the UK," it added. There were some reservations from the Indian side on the US demand for opening up the agricultural and dairy sectors for the US. Agriculture and dairy are critical for India as these two sectors provide livelihood opportunities to a large section of its people. US President Donald Trump had imposed reciprocal tariffs on dozens of countries with which the US has a trade deficit. Since assuming office for his second term, President Trump has reiterated his stance on tariff reciprocity, emphasising that the United States will match tariffs imposed by other countries, including India, to "ensure fair trade".

SAI participates in GCC meeting of financial, accounting audit bureaus
SAI participates in GCC meeting of financial, accounting audit bureaus

Times of Oman

time3 days ago

  • Times of Oman

SAI participates in GCC meeting of financial, accounting audit bureaus

Muscat: The Sultanate of Oman, represented by the State Audit Institution (SAI) took part in the 26th meeting of GCC Undersecretaries of the Financial and Accounting Bureaus. Oman's delegation was headed by Ahmed bin Salim Al Rujaibi, SAI Deputy Chairman for Audit of Government Units. The meeting, held via video-conferencing from the State of Kuwait, covered a number of topics, notably discussions regarding the report on the recommendations and outcomes of the training strategic plan for the period (2023-2025). The meeting also included discussion of the draft training strategic plan (2026-2028), in addition to reviewing the results of the 6th GCC competition for research and studies in the field of audit and accounting. The meeting also included a review of the MoU between the King Fahd National Library and the General Secretariat of the GCC, in addition to a highlighting the draft regulations for the Professional Excellence Award in the GCC Financial and Accounting Audit Bureaus. Furthermore, the meeting touched on the draft joint training plan for employees of the GCC Financial and Accounting Audit Bureaus for the years (2026-2027), in addition to studying the proposal of the Audit Rules Working Group regarding the impact measurement form for applying the manuals issued by the Secretariat General of the GCC. It also discussed the form for simplifying the use of manuals in auditing, as well as the proposal for (governance of the audit mechanism of the General Secretariat of the GCC), and the proposal of the Audit Rules Working Group regarding allocating a Gulf week for financial and accounting audit.

GCCs to contribute 2% to India's GDP and create 2.8 mn jobs by 2030: Report
GCCs to contribute 2% to India's GDP and create 2.8 mn jobs by 2030: Report

Times of Oman

time4 days ago

  • Times of Oman

GCCs to contribute 2% to India's GDP and create 2.8 mn jobs by 2030: Report

New Delhi: Global Capability Centres (GCCs) are set to contribute 2 per cent of India's GDP and generate 2.8 million jobs by 2030, and are emerging as a key growth and employment generator, according to a report by ACCA (the Association of Chartered Certified Accountants). GCCs, also known as Global In-house Centers (GICs) or Captive Centers, are fully owned and integrated hubs established by multinational corporations in talent-rich locations to build value and intellectual property. They leverage global talent pools and technological advancements to enhance organizational capabilities and drive business transformation. With over 1700 GCCs in 2023-24, which is expected to rise to over 2200 by 2030, India has become the prominent destination for the MNCs to set up their centres. Highlighting the favourable factors, the report said that a skilled workforce, favourable government policies, and improving infrastructure fuel the growth of GCCs in India. In Financial Year 2024, GCCs generated approximately USD 64.6 billion in export revenue: a 40 per cent increase from USD 46 billion in FY23. The report added that about 20,000 global leadership roles are projected to be based in India by 2030. The growth of GCCs in India is most prominent in Tier-1 cities, with Bengaluru leading the pack with 487 centers (29 per cent of India's total). Hyderabad follows closely with 273 GCCs (16 per cent), while the NCR region hosts 272 centers. Mumbai, Pune, and Chennai also contribute significantly, accounting for 12 per cent, 11 per cent, and 10 per cent of the national total, respectively. This is a reflection of India's effort to establish itself as the world leader in housing Global Capability Centers (GCCs), with currently nearly 1,700 centers, over 53 per cent of the total 3,200 globally. GCCs have evolved from cost-saving units to strategic hubs driving innovation, operational efficiency, and business growth. GCCs are strategically located in countries like India, offering access to diverse talent pools, robust ecosystems, and favorable business environments. The report highlights that the finance roles in GCCs have shifted from doing basic transaction-focused accounting to creating value for the organisation through process improvement and cost transformation initiatives. Opportunities abound in business partnering, procurement, reporting, planning, and analysis. While entry-level roles focus on data analytics, financial planning and analysis (FP&A), and compliance management, mid-level roles are shifting to process improvements and driving transformation, the report added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store