Page-2 of Gulf Cooperation Council Current Affairs, GK & News

Riyadh venue of 39th Gulf Cooperation Council Summit (GCCS-2018)

The 39th Gulf Cooperation Council (GCC) Summit 2018 was held in Riyadh, Saudi Arabia. In it, the Secretary-General Abdellatif al-Zayani read the closure declaration in which member countries underscored their loyalty to the organization. The declaration called on to form a route map to complete the integration between member states and ensure financial unity until ..

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UAE to host 3rd edition of International Business Conference ‘MahaBiz 2018’

The 3rd edition of acclaimed International Business Conference ‘MahaBiz 2018’ will be held in Dubai, United Arab Emirates (UAE) on 12th and 13th October 2018. MahaBiz is considered a bridge for business opportunities between Maharashtra state and Gulf Cooperation Council (GCC) region. GCC is a political and economic alliance of six middle eastern countries. It ..

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Saudi Arabia, UAE introduce VAT for first time

Saudi Arabia and United Arab Emirates (UAE) became first countries of Gulf Cooperation Council (GCC) to introduce Value Added Tax (VAT) for the first time to increase their revenue away from oil reserves. The other members of 6 member GCC– Bahrain, Kuwait, Oman and Qatar — have also committed to introduce VAT, though some have ..

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UAE and Saudi Arabia form new group, separate from GCC

The United Arab Emirates (UAE) and Saudi Arabia have formed new economic and partnership group named Joint Cooperation Committee, separate from Gulf Cooperation Council (GCC). This move that could undermine six-member GCC amid Saudi led Arab countries diplomatic crisis with Qatar as half of countries members are boycotting Qatar, accusing it for supporting and funding ..

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Road shows in Gulf nations to attract investors

The Government has taken up a series of initiatives to attract investors to India. With the recent launch Qualified Foreign Investors route & the changes made in external commercial Borrowing Guidelines, Govt is keen to exhibit plethora of investment opportunities available in the infrastructure sector. In this context, Gulf region keeps immense potential to seek ..

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