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.