The future of the six-nation GCC -- formed 36 years ago to bring together energy-rich Sunni Arab Gulf states -- appeared to be hanging in the balance as Kuwait prepared to host the gathering.
This year's meeting comes with Saudi Arabia and its allies engaged in a bitter dispute with fellow GCC member Qatar, in the worst crisis ever to hit the council.
Qatari Emir Sheikh Tamim bin Hamad Al-Thani accepted an invitation to the summit but with only hours before talks were due to begin it was unclear whether the rulers of Saudi Arabia, the United Arab Emirates and Bahrain would also attend.
Qatar denies the allegations and has accused the Saudi- led bloc of aiming to incite a change of regime in Doha.
Kuwait has been leading mediation efforts within the GCC to resolve the crisis, but so far with little success.
Casting further doubt on the group's future, the UAE said today it was forming a new military and economic committee with Saudi Arabia separate from the GCC.
Founded in 1981, the GCC is a political and economic union grouping Qatar with Bahrain, Saudi Arabia and the United Arab Emirates as well as Oman and Kuwait.
Dominated by Riyadh, it has been a regional counterweight to Iran, Sunni Saudi Arabia's Shiite rival across the Gulf.
Yesterday, the foreign ministers of Saudi Arabia and Qatar attended round-table talks ahead of the gathering, in their first such encounter since the diplomatic crisis erupted in June.
After cutting off all ties with Qatar, Saudi Arabia and its allies imposed a land, sea and air blockade of the emirate and issued a list of 13 demands to have it lifted.
Bahrain in October called for Qatar's membership of the GCC to be suspended until it accepted the demands.
Experts warn that the crisis could lead to the demise of the once-powerful GCC.
"The justifications for the existence of the GCC bloc amidst the continued crisis are no longer present like before," said Sami al-Faraj, head of the Kuwait Center for Strategic Studies.
The failure of the GCC members to solidify long-delayed plans for economic unity may also threaten its future.
The Gulf states have approved a customs union, a common market, a single currency and a single central bank, but most of these have yet to be implemented.
Speaking at yesterday's meeting, Kuwait's Foreign Minister Sheikh Sabah Khaled Al-Sabah stressed the determination of member states to preserve the GCC.
"The GCC is a continuous project in which the will of member states meets to build a unified Gulf body," he said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
