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India, UAE agree to institutionalize India-GCC dialogue process

By Aroonim Bhuyan Dubai, May 13 (IANS) India and the United Arab Emirates (UAE) have agreed to institutionalize the India-Gulf Cooperation Council (GCC) dialogue process with regular meetings. The two sides agreed to institutionalize the dialogue process, which as of now is held on the sidelines of the UN General Assembly (UNGA) meeting, during a meeting [...]

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Karbala are preparing to establish (GCC exhibition's first investment in Iraq)

5-12-08 *Karbala are preparing to establish (GCC exhibition's first investment in Iraq)* The Council approved the holy province of Karbala continued to mount an exhibition of Gulf group of companies belonging to the Gulf Cooperation Council in the governorate of Karbala shrines. He said one...

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kuwait Central Bank Urges Action

*Central Bank Urges Action* Kuwait, Volume 134 * 09.05.2008* *Kuwait, the only Gulf Cooperation Council (GCC) member state to drop its dollar-peg, has not managed to escape the current inflationary cycle affecting the region. The rising cost of oil, coupled with the declining dollar, is piling...

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GCC DMs Meet To Discuss Military Cooperation

The defense ministers of the Gulf Cooperation Council (GCC) countries met May 5 in Doha to discuss military cooperation among Saudi Arabia, the UAE, Qatar, Oman, Bahrain, and Kuwait. The London daily Al-Sharq Al-Awsat reported that these countries ... May 6, 2008, 12:59 pm

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Common GCC Power Grid To Be Ready By Year End

The Gulf Cooperation Council (GCC) countries have invited bids for the final phase of a project that links their electricity stations in a single grid, following the completion of the first two stages.

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Print Advertising Booming in the Persian Gulf

An article in the Wall Street Journal takes a look at the growth of print advertising in in the Persian Gulf : Spending on ads in newspapers and magazines in the six Arab countries that make up the Gulf Cooperation Council reached $2.96 billion last year, according to Ipsos Stat, an international media and market-research company. That's [...]

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Gulf States May End Dollar Pegs, Kuwait Minister Says

Via: Bloomberg: Gulf states are considering dropping their pegs to the dollar after the U.S. currency's decline stoked inflation across the region, Kuwaiti Finance Minister Mustafa al- Shimali said. “Yes, there are some” Gulf Cooperation Council states considering dropping their pegs to the dollar, which has fallen 13 percent against the euro in the last 12 months, [...]...

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UAE To Launch Joint Remote-Sensing Satellite With GCC Countries

Abu Dhabi, UAE (XNA) Apr 30, 2008 - A senior official of the Defense Ministry of the United Arab Emirates (UAE) said that the ministry plans to launch a joint remote-sensing satellite with other member countries of the Gulf Cooperation Council (GCC), local newspaper Gulf News reported on Tuesday. The plan was revealed by Brigadier Khalifa Mohammad Al Rumaithi, Chief of...

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India's Federal Bank seeks foothold in Bahrain

India's Federal Bank is seeking regulatory approval from the Reserve Bank of India (RBI) to open branches in Bahrain and other Gulf Cooperation Council (GCC) countries.

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India expects free trade pact with Gulf within one year

Indian Commerce Minister Kamal Nath said yesterday he expects “substantial progress” in reaching a free trade deal (FTA) with the Gulf Cooperation Council within one year. Original post Click Here

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How to be a rich Sheikh-from a chat room on Islam

How to be a rich Sheikh! How To Make Money In The The Arabian Peninsula may be known for its arid deserts, but it's also home to a fertile oasis of economic growth. The six Gulf Cooperation Council (GCC) countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) channel their oil wealth [...]

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Rice attends Persian Gulf Cooperation Council meeting

US Secretary of State Condoleezza Rice is in Bahrain to attend a meeting of the Persian Gulf Cooperation Council.

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Iran, Israeli-Palestinian Conflict Top Rice's Agenda

Just 24 hours after her surprise visit to Iraq, United States Secretary of State Condoleezza Rice is in Bahrain to discuss key issues with regional leaders. She is holding talks with the foreign ministers of Egypt, Jordan and the Gulf Cooperation Council countries (Saudi Arabia, Qatar, Kuwait, Oman, the UAE and Bahrain). The agenda is dominated by Iran's apparently increasing influence...

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EU-GCC free trade pact likely this year

(Gulf Business Capsule) Dubai, April 17 (IANS) A free trade agreement (FTA) between the Gulf Cooperation Council (GCC), comprising six Gulf nations, and the European Union (EU) is likely to come up within this year. “We made great progress on a number of important issues in 2007, and barring a couple of remaining issues, an FTA [...]

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MORE Islamic securities on the way….This is very concerning!

Friday April 11, 2008 More Islamic securities on the way KUALA LUMPUR: Global audit and advisory firm Deloitte Touche Tohmatsu said the market for Islamic securities in Malaysia still has room for growth due to interest from Gulf Cooperation Council (GCC) countries as well as a supportive framework for Islamic financial products. Deloitte partner Ng Meng Kwai said [...]