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.
