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Abu Dhabi... A rude culture shock for me

Abu Dhabi is an Islamic country, yes? Abu Dhabi is at the seat of influence among members of the Gulf Cooperation Council (GCC), yes? I had a rude culture shock this morning when I turned up for breakfast at the...

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Gulf finance ministers agree on monetary union proposals

Jeddah, Saudi Arabia - Gulf Cooperation Council (GCC) finance ministers on Wednesday approved proposals to set up a monetary union, but the timing of the launch of a single currency was not revealed. We have an agreement to set up the monetary union...

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GCC Monetary Union Plan 85% Complete: Qatar

Gulf Cooperation Council Central bank governors cemented moves towards monetary union but said more efforts were needed to curb soaring inflation, which threatens to undermine the project.

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'Iranian Spies Deployed in the Gulf Countries'

A network of Iranian spies and local collaborators are spread across the Gulf Cooperation Council (GCC) countries, waiting for a signal from the Iranian leadership to destabilize local regimes, the Emirati-based daily Gulf News reports. The paper interviewed an exiled Iranian diplomat, who made his comments in response to reports from Kuwait, according to which a clandestine network was ready to undermine...

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GCC Monetary Union a Step Closer

Five out of six member nations of the Gulf Cooperation Council (GCC) are close to signing a new draft accord for a monetary union this week. Governors of the central banks in Saudi Arabia, Qatar, the United Arab Emirates (UAE), Kuwait and Bahrain will convene later this week to approve the draft, in what is considered a major step forward towards a single currency in the GCC, reports the Bloomberg...

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Yemen Joins Two GCC Committees

Al-Motamar Gulf Cooperation Council (GCC) Foreign Ministers Council approved in conclusion of its meeting in Jeddah on Wednesday Yemen’s development needs that will be included in the 4th five0plan 2011-2015 to guarantee qualification of Yemen for integration into the GCC states. In the press conference he held in the wake of concluding the meetings of the GCC [...]

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Economy Mnister leads UAE delegation to GCC meetings

Economy Minister, Sultan bin Saeed Al Mansouri, is leading a UAE delegation to the 39th meeting of the trade cooperation committee and the 28th meeting of the industrial committee of member states of the Gulf Cooperation Council (GCC), which open yes

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Royal Bank of Scotland rebrands ABN Amro operations in GCC region

The Royal Bank of Scotland Group has announced the rebranding of the ABN Amro businesses it acquired in the Gulf Cooperation Council region.

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UK Lender Urges GCC To Invest In Overseas Farms

Gulf Cooperation Council (GCC) countries must invest in foreign arable land to boost its food supply and increase food security in the region in the long term, Standard Chartered economists said on Tuesday.

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Dubai helps Iran dodge sanctions - Jerusalem Post

Since Western countries placed sanctions on Iran for its nuclear program, Teheran's trade with members of the Gulf Cooperation Council (GCC) countries has increased fivefold, ...

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GCC countries to endorse monetary union agreement in November

The six-nation Gulf Cooperation Council (GCC) will endorse a proposed monetary union agreement at its annual summit to be held in the Omani capital of Muscat in November, the Gulf News newspaper reported Tuesday. The GCC member states, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE), will also announce the setting up of a monetary council at the coming Muscat...

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GCC ministerial council condemns Iran's opening of administrative offices on Abu Musa

The ministerial council of the Gulf Cooperation Council (GCC) has condemned Iran's opening of two administrative offices on UAE's island of Abu Musa. The council urged Iran to withdraw those illegal structures and to respect the UAE's sovereignty and

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GCC condemns Iran's Seyyeds

The six Gulf Cooperation Council states have condemned Tehran for opening offices on disputed islands in the waters between Iran and the UAE. The three islands are located near key Persian Gulf shipping lanes

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Iran's island offices condemned

The six Gulf Cooperation Council states condemn Tehran for opening offices on disputed islands in the Strait of Hormuz.

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Resolve N-issue peacefully, Gulf nations tell Iran

Dubai, Sep 3 (IANS) The Ministerial Council of the Gulf Cooperation Council (GCC) has called upon Iran to adhere to principles of international legitimacy and settle the nuclear issue through peaceful means.