Abstract
In 1981, the Gulf Cooperating Council (GCC) was formed by six Arabic countries: Kuwait, Bahrain, Qatar, Saudi Arabia, Oman and the United Arab Emirates (UAE). The GCC aims to promote cooperation between its member states, mainly in the fields of economy and industry. So far, the GCC has succeeded in a number of areas. Citizens of GCC countries can move freely amongst the six countries without the need for visas and there are no customs duty within the GCC (but only on products made within the GCC). More significantly, there is freedom for professionals of one GCC state to work in another since then. Members of the GCC group of nations are also allowed to own shares in the companies that operate within that group.
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Gomber, P., Lutat, M., Schubert, S. (2008). Capital Markets in the Gulf: International Access, Electronic Trading and Regulation. In: Seese, D., Weinhardt, C., Schlottmann, F. (eds) Handbook on Information Technology in Finance. International Handbooks Information System. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-49487-4_7
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DOI: https://doi.org/10.1007/978-3-540-49487-4_7
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