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Gulf Cooperation Council

Gulf Cooperation Council 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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An F-16 fighter jet. (AFP)
March 31st, 2017 - 11:00 GMT

US arms sale to Bahrain: human rights come second

The estimated cost of the project, to be built on 1.2 million square meters, amounts to SR1.3 billion ($346.6 million). (Pixabay)
March 30th, 2017 - 10:31 GMT

Jordan, Saudi Arabia to co-build medical city in Riyadh

GCC governments have taken steps to shift the burden of funding services such as healthcare to the private insurance sector and away from government. (File photo)
March 21st, 2017 - 02:13 GMT

Health insurance market in GCC shows signs of recovery: S&P

Bahraini protesters have clashed with police on a regular basis since an uprising in 2011. (AFP/File)
March 20th, 2017 - 11:00 GMT

UAE summons Swiss envoy over negative remarks on human rights in Bahrain

Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
March 19th, 2017 - 06:00 GMT

Gulf Islamic banks set to outperform conventional banks for second year: Moody's

Global experience has shown that VAT training and education is fundamental to ensuring successful VAT implementation. (Shutterstock)
March 15th, 2017 - 12:00 GMT

GCC firms underprepared for VAT introduction: EY

The vast majority of GCC companies will not only need to ensure they accurately determine and report on VAT requirements but, even more importantly, do it efficiently by automating this whole new process. (File photo)
March 12th, 2017 - 08:49 GMT

Getting ready for GCC VAT implementation

Wider fiscal reforms such as subsidy reductions, fee increases, etc for 2017 announced so far have been substantially less than in early 2016.  (Shutterstock)
February 20th, 2017 - 09:00 GMT

GCC fiscal reform proves a tricky balancing act with economic growth

In 2016, Brazilian exports to the countries of the GCC – Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman – totalled $6.04 billion, and the imports were $2.66 billion. (Shutterstock)
February 19th, 2017 - 11:00 GMT

Gulfood 2017: GCC meat consumption to rise by 4.3 million tons by 2019

Iran's President Hassan Rouhani is set to visit Kuwait after last month's landmark visit to Tehran by the Kuwaiti Foreign Minister. (AFP/File)
February 14th, 2017 - 12:00 GMT

Iran’s President Rouhani to travel to Kuwait for diplomatic meetings

In Saudi Arabia, 39 percent people have made online purchases, an increase of 57 percent from last year and 33 percent bought things using their mobiles in the last month. (Shutterstock)
February 13th, 2017 - 10:05 GMT

Huge rise in MENA e-commerce presents opportunities for fintech sector

When it comes to the question of cyber-security, organisations in the region have shown a rather cavalier attitude, dominated by a ‘why me?’ mind-set. (Shutterstock)
February 12th, 2017 - 12:32 GMT

MENA M&As are prime targets for cyberattacks: FireEye

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