Gulf Cooperation Council

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Gulf Cooperation Council

(GCC), officially Cooperation Council for the Arab States of the Gulf, organization (est. 1981) promoting stability and economic cooperation among Persian Gulf nations. Its members are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). In 1991 the GCC countries joined with Egypt and Syria to create a regional peacekeeping force. An aid fund was also established to promote development in Arab states; it was used to help liberate Kuwait in 1991. In 2003 GCC members eliminated tariffs on trade between member nations and established common external tariffs. They have agreed to establish a broader economic union (including a single market and currency; Oman and the UAE have opted out); a common market was established in 2008. During the national protests in 2011 known as the Arab Spring, the GCC sent forces into Bahrain in support of its monarch, and attempted to negotiate a resolution in Yemen. In 2017, however, the GCC experienced a rift as Saudi Arabia, the UAE, and Bahrain launched a boycott against Qatar, accusing it of destabilizing the region.
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In the course of the official visit to the Kingdom of Saudi Arabia, President of Ukraine Petro Poroshenko met with Secretary General of the Cooperation Council for the Arab States of the Gulf Abdullatif bin Rashid Al Zayani.
The Unified Agreement for VAT of the Cooperation Council for the Arab States of the Gulf, which was signed by the six member states of the Gulf Cooperation Council, required signatories to enact domestic legislation that would introduce a 5 percent VAT on certain transactions.
During the telephone conversation President Radev alo said that the Cooperation Council for the Arab States of the Gulf is an important partner of EU and Bulgaria and that Sofia appreciates very much traditional good and friendly relations with Qatar and favours their continuation and furtherance.
The launch will make available Cleartrip's uncluttered and intuitive UI, seamless user experience, and hassle-free booking experience to Arabic audiences, particularly those in markets belonging to the Cooperation Council for the Arab States of the Gulf (formerly Gulf Cooperation Council).
The State of Qatar has remained committed to the Cooperation Council for the Arab States of the Gulf and enhancing the strength of brotherly ties between the peoples of its member states.
The Ministry of Finance (MoF) released the 7th Annual Statistical Report on the Gulf Common Market (GCM) issued by the Department of the Cooperation Council for the Arab States of the Gulf Affairs, during a press conference organised today at the Ministry headquarters in Abu Dhabi.
The ministers have agreed to promote an active political dialogue on pressing regional and international issues and to continue regular contacts between Foreign Ministers, as well as consultations between Ministries of Foreign Affairs, to that end," reads the joint statement issued by the Fourth Round of the Ministerial Strategic Dialogue between the Russian Federation and the Cooperation Council for the Arab States of the Gulf (GCC), held in Moscow Thursday.
China and the Cooperation Council for the Arab States of the Gulf (GCC) have made encouraging progress in the FTA negotiations.
Mohammad Abdullah Al Gergawi, Chairman of the Organising Committee of the World Government Summit, said: "WGS witnessed a remarkable participation from highly-esteemed international organisations, including the United Nations, World Bank, Organisation for Economic Cooperation and Development (OECD), and World Economic Forum, in addition to the Arab League and the Secretary General of the Gulf Cooperation Council for the Arab States of the Gulf.
A political solution based on the initiative of the Cooperation Council for the Arab States of the Gulf, known as GCC, was necessary.
Gulf electricity grid is a strategic political decision to activate the Unified Economic Agreement of the Cooperation Council for the Arab States of the Gulf, stemming from the keenness of the GCC leaders to the common interests of the GCC countries.
1) Cooperation Council for the Arab States of the Gulf is intergovernmental organization of all Arab States of the Persian Gulf "Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman except Iraq.

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