The first GCC summit was held at the InterContinental Hotel Abu Dhabi in 1981. Photo: InterContinental Hotel Abu Dhabi
The first GCC summit was held at the InterContinental Hotel Abu Dhabi in 1981. Photo: InterContinental Hotel Abu Dhabi
The first GCC summit was held at the InterContinental Hotel Abu Dhabi in 1981. Photo: InterContinental Hotel Abu Dhabi
The first GCC summit was held at the InterContinental Hotel Abu Dhabi in 1981. Photo: InterContinental Hotel Abu Dhabi

Timeframe: When regional leaders met in Abu Dhabi to form the GCC


Razmig Bedirian
  • English
  • Arabic

Forty-three years ago, Gulf leaders were preparing to sign a document that would become arguably the most important charter of the region’s history.

The concept of a union among the Gulf states had been gaining momentum for some time, especially as countries in the region started to assert more influence and economic potential. In 1977, Sheikh Jaber, then Ruler of Kuwait, met with the UAE’s Founding Father, the late Sheikh Zayed, and the two discussed the idea of creating a formal alliance with Saudi Arabia, Bahrain, Oman and Qatar.

The idea became a reality in May 25, 1981 – at what was Abu Dhabi’s newest and most luxurious hotel, the InterContinental Hotel Abu Dhabi.

Leaders of Saudi Arabia, Kuwait, Bahrain, Qatar and Oman met with Sheikh Zayed at the InterContinental Hotel Abu Dhabi for the first GCC meeting. Photo: InterContinental Hotel Abu Dhabi
Leaders of Saudi Arabia, Kuwait, Bahrain, Qatar and Oman met with Sheikh Zayed at the InterContinental Hotel Abu Dhabi for the first GCC meeting. Photo: InterContinental Hotel Abu Dhabi

Leaders of Saudi Arabia, Kuwait, Bahrain, Qatar and Oman met with Sheikh Zayed in the hotel’s ballroom. They were seated at a round table, surrounded by plush leather chairs, that had a document written in Arabic in the centre. An emblem portraying six Gulf nations on a borderless map was hung on the wall.

The Arab world beyond the peninsula was in the throes of turmoil. Iran and Iraq were in the first year of a bloody war that would continue to rage until 1988. In 1979, extremists had seized the Grand Mosque in Makkah and the Iranian Revolution had unseated the monarchy of the Shah, and Ayatollah Ruhollah Khomeini became the country’s supreme leader. Egypt and Syria, meanwhile, were still reeling from the repercussions of the 1973 war with Israel.

Uncertainty was the dominant sentiment in the region. There was a need to revitalise notions of solidarity and to provide a beacon of hope and stability.

Sheikh Zayed initiated the meeting with a sentence that still rings with the symbolism of the union. “What the Arab world expects of us is serious solidarity, co-operation and loyalty.”

The union was also necessary for self-sovereignty. Superpowers, including the US and the Soviet Union were both seduced by the sudden rise of wealth in the Gulf and saw the region had a strategic place in their interests. As the Kuwaiti newspaper Al Rai Al Aam reported: “The Gulf leaders know we live in a wild world, one in which oil attracts sharks in the manner of blood.” A union was needed to keep the sharks at bay.

At 7.55pm on Monday, May 25, 1981, the charter was signed, effectively forming the Gulf Co-operation Council. The charter was “a declaration of intent but also of identity”, James Langton wrote in a piece last year for The National.

As the founding father of the UAE, Sheikh Zayed knew the importance of unity. The creation of the GCC was the logical next step.

“We are entitled to our lands and properties and we shall combine all our efforts to protect our countries, our peoples and our security,” Sheikh Zayed told Al Khaleej a few days after the signing of the charter. “We don’t want any country, big or small, interfering in our affairs or conducting their conflicts on our soil, air and seas.”

Although the leaders who signed the GCC charter at the InterContinental in 1981 have since died, the last being Oman’s Sultan Qaboos in 2020, the union they created continues.

The GCC has led the region through several trying periods in the past four decades. These include Saddam Hussein's invasion of Kuwait in 1990, with the UAE and Saudi Arabia participating in its liberation. The event was a grave reminder as to why a joint military force, the Peninsula Shield, was created in 1984 as a way to deter aggression against member states.

Another important aspect of the union comes at an economic level, which resonates on an individual level. Citizens of the six member states benefit from a single market that gives common access rights for employment, health care, retirement benefits, property ownership and education.

The 44th summit was held on December 5, in which the council discussed topics related to the Israel-Gaza war, the earthquake that struck Morocco in September and the achievements of the UAE’s space programme and its hosting of Cop28. The organisation also discussed issues related to environmental protection and climate change.

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

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BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

MATCH SCHEDULE

Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)

Liverpool v Roma

Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)

Europa League semi-final, first leg
Thursday, April 26

Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)

SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

THE%20SPECS
%3Cp%3EBattery%3A%2060kW%20lithium-ion%20phosphate%3Cbr%3EPower%3A%20Up%20to%20201bhp%3Cbr%3E0%20to%20100kph%3A%207.3%20seconds%3Cbr%3ERange%3A%20418km%3Cbr%3EPrice%3A%20From%20Dh149%2C900%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
Crime%20Wave
%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A

Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

MOTHER%20OF%20STRANGERS
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Updated: April 26, 2024, 6:02 PM