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GCC

GCC latest

Kuwaits Position in the GCC
May 1st, 2019 - 12:19 GMT

As the Qatar Blockade Continues a Neutral Kuwait Remembers the Gulf War

On the 24th of April 2019, Iraq signed a Memorandum of Understanding with the Gulf Cooperation Council (GCC). At the signing in Baghdad, GCC Secretary-General Abdul Latif bin Rashid al-Zayani praised the agreement as a call to frequent “political consultations [between Iraqi and GCC representatives] to allow for regular dialogue on issues of mutual interest.” His Iraqi counterpart, Foreign Minister Mohamed Ali al-Hakim agreed. “The security and safety of the ...
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Any common currency to be announced is expected to be pegged either to the dollar or a basket of currencies because the volume of trade of the Gulf states with the countries of the European Union is much larger than that of their commerce with the United States. (Shutterstock)
October 31st, 2016 - 06:00 GMT

Is it time for a common Gulf currency?

Gulf Cup logo
October 5th, 2016 - 02:15 GMT

Gulf Cup cannot be included in FIFA calendar: AFC chief

The six member GCC bloc has been debating a common value added tax, which is a tax levied on the import and supply of goods and services at each production and distribution stage, for over a decade. (File photo)
June 12th, 2016 - 11:00 GMT

VAT in GCC: Challenges ahead of 2018 implementation

A marathon participant runs through the Sahara desert in Morocco. (AFP/Jean-Philippe Ksiazek)
April 21st, 2016 - 08:41 GMT

GCC supports Morocco in Western Sahara claims

Saudi and French delegates met in Paris on March 4. (AFP/Stephane De Sakutin)
March 6th, 2016 - 08:10 GMT

Saudi intercepted French military supplies intended for Lebanon

The UAE will re-think its internal rail network if the GCC-wide deadline is deferred according to the UAE minister for infrastructure. (File photo)
February 25th, 2016 - 10:00 GMT

GCC rail: 2018 deadline is unfeasible

The GCC's savings from increased fuel prices will likely be small - an average of 0.5 per cent of GDP across GCC countries in 2016. (File photo)
February 18th, 2016 - 12:00 GMT

GCC needs more than fuel subsidy reforms: Moody's

Al Bawaba
October 20th, 2015 - 12:35 GMT

Tax reform or burning buffers? GCC approaches to the oil price slump

 “I don’t think the problem is with expats driving. It’s a fact that people here don’t share cars, Omanis or expats. Most cars you see on the roads have one person or two. If you want to cut the traffic then have car pools where people can share car journeys (for free) or get a bus system in place," said one Facebook user. (Twitter)
October 19th, 2015 - 08:02 GMT

As Oman limits expat driving licenses, residents call for better public transportation

Al Bawaba
October 14th, 2015 - 08:21 GMT

Up in smoke? Implementation of higher tobacco taxes in GCC faces constraints

An official said the Emirates is moving toward a tax regime and may consider a Value Added Tax. (AFP/File)
September 9th, 2015 - 12:49 GMT

UAE considers tax regime as it moves law on corporate tax forward

Al Bawaba
June 25th, 2015 - 11:32 GMT

Bahrain: Foreign investment at $1B for second year running

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