The Gulf Cooperation Council (GCC) was formed in 1981 by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates
Primarily hydrocarbon driven economies all (possibly except Bahrain) are clearly cash rich and all have benefited from the high oil prices in recent years.  (It is interesting to note that the current price of oil was [...]

Kuwait, nestling at the top of the Arabian Gulf, sits between Iran and Iraq and Saudi Arabia.  Not a great location for mass tourism, but business is developing fast and oil continues to be pumped at an alarming rate. So 25 facts you may not already know about this country. Business opportunities are many and [...]

Although tiny, Bahrain certainly punches above it’s weight in local and world affairs and is now being studied as part of UKTI’s Fiscal Stimulus Initiative to identify and disseminate major business opportunities for UK companies from major spending programmes.  The following facts have been kindly prepared by Rebecca Topping’s UKTI team in Bahrain who would [...]

Fundamental to UKTI’s drive to provide even greater support to companies during this period of economic decline, their initiative on fiscal stimulus sets out to identify real and (relatively) immediate opportunities and bring news of these back to UK as never before.  A process of capability matching then ensues to ensure relevance.

Opportunity identification can effectively pull companies [...]

So, as President Obama passes swiftly through the Middle East to speak love and unity, GCC states are doing their best to appear separated over the concept of a single Gulf bank and currency.
UAE’s decision to (in my humble opinion) “sulk” at not having been selected as the home of the bank is strange. After [...]