GCC: Preparations for VAT, exercise with US


Risk Management Reports
Issue 1034 - 23 Mar 2017 | 4 minute read

GCC: The Co-operation Council for the Arab States of the Gulf (GCC) was set up on 25 May 1981 in Abu Dhabi, when the leaders of Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and United Arab Emirates agreed to establish a council whose aims were to “achieve unity”, formulate “similar regulations” in the economics, customs, commerce, communications, education and culture sectors, and to stimulate scientific and technological progress. In part founded as a reaction to the Iranian revolution and Iran-Iraq war, divisions and power imbalances slowed the GCC’s progress in its first three-and-a-half decades, despite high hopes and rhetoric.

Tagged with:

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News