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.
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References in periodicals archive ?
The Minister of Information Affairs stressed that GCC leaders and symbols are widely appreciated across the GCC, and that their distinguished position among GCC citizens is well-established and cannot be affected by the malicious policies adopted by the Qatari regime and its suspicious media.
Currently only enforced in certain GCC countries such as the KSA and Kuwait, Zakat is a form of Islamic tax.
At the end of the event, a number of public and private orgnaizations that supported the GCC STAT in this initiative were honored.
Outcome of the 70th & 71st meeting of the GCC Customs Union Committee
The decision to set up the Gulf police would be endorsed by the foreign ministers as they meet in preparation for the GCC summit scheduled on December 9 in the Qatari capital Doha, Al Hajiri said on the sideline of the ministers' meeting on Wednesday in Kuwait, the current chair of the GCC.
The UAE has played a vital role in establishing the GCC Customs Union over the past 10 years.
The report is an outcome of the collaboration between the GCC consortium on Clean Energy and the EU-GCC Clean Energy Network that aims to respond to the common interests of stakeholders in the GCC and the EU regions.
They included an increment in the total allocated budget for the GCC Sports Committees, revising the regulations of joint GCC action in the sports field and the bylaw of the GCC Secretariat Award for the best GCC Sport Organising Committee.
It was hosted under the chairmanship of Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance in the presence of Dr Abdullatif Al-Zayani, GCC Secretary General and the GCC Ministers of Finance.
Kuwaiti Finance Minister Mustafa Al- Shimali has said that 2011 will see the completion of the Customs Union that will bind together the Arab states of the Gulf Cooperation Council (GCC).
Summary: Dow Jones Indexes, a leading global index provider, today launched an additional set of conventional and Shari'ah compliant indexes measuring the performance of stocks listed in the Gulf Cooperation Council (GCC), Middle East and North Africa.