Gulf Cooperation Council

(redirected from GCC)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
Overall, 28 per cent of S and P rated banks in the GCC currently have a negative outlook.
In addition to it, Pakistan can attract huge investment from GCC countries through free trade agreements as these countries are willing to invest in Pakistan after noting the improved law and order situation and little control over energy crises.
It will also look into the policies, recommendations, studies and projects that aim at developing cooperation, coordination and integration among the GCC states in eocnomic and development fields.
Proposed amendments of the GCC Industrial Cooperation Committee on exempting industry inputs from customs taxes
An expert team from the GCC interior ministries had worked on the study to set up the Gulf police and reviewed all structural, organizational, financial and administrative aspects to launch the ambitious security plan, he said.
The vision of the GCC leaders has contributed to building a global economic bloc aimed at reaching economic integration through establishing a customs union between the GCC countries in the first stage, and establishing a common GCC market later on," Al Bustani elaborated.
The index shows that compared to the other GCC countries, the UAE and Saudi Arabia are more ready to integrate RETs for power generation.
A number of senior sports officials in the Gulf region were honoured on this occasion in appreciation to their efforts and contributions to sports development in the GCC.
I don't think this initiative to expand the GCC bloc will be implemented soon.
Bahrain's proposal to establish a GCC fund, and the latest developments in the GCC countries' economic relations with international groups were also discussed.
Al-Shimali said that results of the upcoming meeting of the chiefs of GCC Customs Unions will be submitted to the consultative periodical summit of the Supreme Council of GCC leaders due in Riyadh next May.
The Dow Jones GCC indexes that are launched today include companies from all six member states of the GCC, which are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.