Gulf Cooperation Council

Overview


The Gulf Cooperation Council Map The Gulf Co-operation Council, or GCC, is a loose political and economic alliance made up of six Gulf states. It aims to boost economic cooperation between members and, through collective security, to guard against any threat from neighbouring states and from Islamic extremism.


GCC and Turkey to sign trade agreement

02.20.2010

A free trade agreement between the Gulf Cooperation Council (GCC) and Turkey will be signed before the end of this year, Turkey's Finance Minister Mehmet Simsek said.

Yemen calls on oil-rich Gulf neighbours for help

01.28.2010

Yemen says it wants its oil-rich neighbours to do more to lift it out of poverty.

GCC decides to form joint naval force

10.27.2009

Naval chiefs of the Gulf Cooperation Council (GCC) countries and the Arab countries on the rim of the Red Sea have decided to set up an action team to lay down the procedures and mechanism for the formation of a joint naval force of GCC and Arab countries on the Red Sea.

Gulf states must ratify currency union by end '09-Oman

10.17.2009

Gulf states who have yet to ratify an agreement on a single currency for the region are being called upon to do so by the end of this year, an Oman finance ministry official said on Saturday.

Kuwait reaffirms support for unified Gulf currency

10.11.2009

Kuwait on Sunday reiterated its support for the creation of a unified currency among members of the Gulf Cooperation Council (GCC), as target dateline for that ambition is drawing near but limited progress has been achieved so far.

Gulf rail network ‘will start in 2017’

10.08.2009

giant rail network linking the six-nation Gulf Cooperation Council (GCC) states is set to start operations in 2017 at a $25 billion cost.

Work on UAE rail network linking GCC to begin next year

10.01.2009

A key railway network linking the Gulf Cooperation Council (GCC) states will begin in UAE by the end of next year, a senior official has said.

Gulf single currency should be phased: Kuwait

09.27.2009

Gulf states should implement a monetary union and single currency in phases, Kuwait's central bank governor said in comments published on Sunday, casting further doubt on a 2010 target date.

Saudi Arabia rocks the GCC boat once more

09.15.2009

Saudi Arabia is again obstructing the integration of the countries of the Gulf Co-operation Council (GCC) - and harming its relations with the UAE

Gulf ministers talk regional customs union

09.08.2009

Finance ministers from oil-rich Persian Gulf nations discussed on Tuesday a wide range of issues facing a proposed common market, including the final details of a regional customs union, in an effort to revitalize the effort to establish a tighter economic bloc after plans for a monetary union faltered in May.
Founded:
1981
HQ:
Riyadh, Saudi Arabia
Population:
40.3 million
GDP (PPP):
US$ 1.1 trillion
Area:
2.2 million km˛
Members:
  • 6 Countries
  • Pending:
    Yemen
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