Category Archives: International Organizations

A collection of information and images about international organizations that have a profound impact on the global shipping industry.

Gulf Cooperation Council or GCC

gulf cooperation council or gccThe Cooperation Council for the Arab States of the Gulf, also known as the Gulf Cooperation Council or GCC, is a political and economic union of the Arab states that border the Persian Gulf. Current members consist of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. There have been discussions regarding the future membership of Jordan, Morocco, and Yemen.

Established in Abu Dhabi on 25 May 1981, and signed on 11 November 1981, this region is home to some of the fastest growing economies in the world. Primarily attributed to a boom in oil and natural gas revenues, coupled with a building and investment boom that has been backed by decades of saved petroleum revenues, the region has used some of its more than $900 billion in assets to make wise investments; that have helped rebuild the global economy.