Gulf Cooperation Council

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Gulf Cooperation Council

An international organization fostering greater political and economic unity for Arab countries in the Arabian Gulf. Among other things, it exists to promote similar regulatory regimes, to unify military presence and to advance the private sector. Most members had pledged to create a common currency by 2010, but this has been postponed indefinitely. See also: Khaleeji.
References in periodicals archive ?
It added that after seven years since the establishment of the GCC common market based on total equality in treatment of all GCC nationals in all economic spheres, it has been agreed to complete steps of implementation of
Outcome of the 70th & 71st meeting of the GCC Customs Union Committee
I think that GCC countries are reacting out of fear of the unrests in the Arab world, and the inclusion of Morocco and Jordan will boost security.
We are looking forward to further supporting the integration process in the Gulf economies, and to focus more on full application of the customs union, to take advantage of the opportunities offered by a GCC common market, which will reflect positively on all sectors of the economy and achieve the aspirations of the citizens of the GCC Countries.
GCC Secretary General Abdulrahman Al-Attiyah said at his address before the meeting that, "what has been agreed upon during the meeting will be submitted to the GCC ministerial council in preparation for reviewing it by the upcoming session of the GCC Supreme Council.
The index universe of the Dow Jones GCC Index consists of all stocks traded in the six countries in the GCC region.
According to press reports, King Abdullah was to lead the Saudi delegation to the 26th GCC summit.
Passengers can take advantage of this fare by landing at any of the Oman Air destinations within the GCC such as Muscat, Salalah, Khassab, Al Ain, Dubai, Doha, Abu Dhabi, Kuwait and Jeddah.
The major thing blocking significant steps toward curbing global warming is the multi-million dollar campaigns waged by GCC and its members to confuse the public and elected officials.
It is almost as if the GCC wanted to subtly make up for cutting aid to Egypt, as agreed to in the embargo, by making sure that remittances to Egypt increased to make up for the aid losses - even in the face of declining oil prices.
These are topped with obstacles of pan-GCC trade, GCC Trade Mark Law, a Secretariat memorandum on the 16th GCC fair, the executive rule of the bloc's trade mark law, and a guidebook on measures and models of economic activities.
The presidency will be rotating among the six GCC member states and that the term would be three years," he said, quoted by the London-based daily.