Dear student, â— The Gulf Cooperation Council (GCC) is an economic and political association of countries located around the Persian gulf. The members of the GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. All these countries are highly globalized. Their chief source of revenue is crude oil which is sold all over the world. Hence, the economies of these countries are connected with all the major economies of the world. These countries also have large number of foreign workers, including those from India. Cities like Dubai and Abu Dhabi, both in UAE are major financial and aviation hubs of the world. The revenue that these countries earn from oil is invested all over the world. Hence, GCC plays a crucial role in the Middle East. â— Regards