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 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
Avatar%20(2009)
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Abu Dhabi Sustainability Week
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)
More on Quran memorisation:
Killing of Qassem Suleimani
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
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Crime%20Wave
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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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