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The Federal Trade Commission was established on September 26, 1914, by the Federal Trade Commission Act (15 U.S.C. 41 et seq). Created by Congress at the urging of President woodrow wilson, the FTC was designed to regulate trusts and prevent Unfair Competition in interstate commerce.
The GCC's Formation: The Official Version. [AlJazeera] Abstract. On 26 May 1981, following a meeting between the heads of state of six Gulf countries (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman) held in Abu Dhabi, the capital of the United Arab Emirates, the formation of the Gulf Cooperation Council (GCC) was announced.