Saudi ministers meet UK's defense secretary to strengthen bilateral ties    Saudi-French Ministerial Committee holds second meeting to advance AlUla development    Abo Noghta Castles in Tabab joins UNESCO's Best Tourism Villages list    RSAF and Saudi Falcons captivate audiences at Bahrain airshow    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    US hacker sentenced over Bitcoin heist worth billions    Ten dead in fire at Spanish retirement home    UN climate talks 'no longer fit for purpose' say key experts    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Delhi shuts all primary schools as hazardous smog worsens    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    PIF completes largest-ever accelerated bookbuild offering in MENA region    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    France to deploy 4,000 police officers for UEFA Nations League match against Israel    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



New GCC bodies to boost economic integration
Published in The Saudi Gazette on 01 - 06 - 2016

A consultative summit meeting of the Gulf heads of state and leaders approved here on Tuesday the creation of two apex bodies to accelerate economic integration in various fields by removing potential hurdles.
They are "Commission of Economic and Development Affairs," and the Economic Judiciary Commission.
The meeting also approved the Vision of Custodian of the Two Holy Mosques King Salman for joint work.
[caption id="attachment_59569" align="alignright" width="300"] Gulf Cooperation Council (GCC) Secretary General Abdullatif Al-Zayani and Foreign Minister Adel Al-Jubeir speak at a press conference in Jeddah on Tuesday. — SPA[/caption]This was announced by the Gulf Cooperation Council (GCC) Secretary General Abdullatif Al-Zayani at a press conference at the end of the 16th Consultative Meeting. King Salman chaired the meeting at King Abdullah International Convention Center in Jeddah on Tuesday afternoon.
Al-Zayani announced that the GCC leaders approved formation of a high-level body among the member states namely "Commission of Economic and Developmental Affairs."
This body aims at enhancing integration and coordination among the GCC countries in all economic and development fields and accelerate the pace of joint action, he said. According to Al-Zayani, the Commission will follow up implementation of the Vision of King Salman in boosting joint GCC work in economic and development fields and examine policies, recommendations, studies and projects that contribute to enhancing cooperation, coordination and integration among the member states in these two vital sectors. It will also follow up implementation of the decisions, agreements and regulations adopted by GCC pertaining to economy.
"The GCC leaders also approved the basic law of the Economic Judiciary Commission as mentioned in the economic agreement among the GCC states to serve the interests of the GCC citizens and enable them to benefit from integrated projects and agreements among the member states," he said, adding that the leaders also agreed to hold joint regular meeting of the GCC ministers of defense, interior and foreign in order to coordinate policies among the member states and take appropriate decisions.
Addressing the press conference, Foreign Minister Adel Al-Jubeir said that the Commission would be a higher level one with powers to take decisions on various issues. "This body will come out with solutions for economic problems and will present these solutions in front of the GCC leaders directly for their approval. The idea is that there would be an active mechanism to take necessary decisions so as to materialize economic integration among the member states," he said while pointing out that this Commission represents a quantum leap regarding the economic and financial issues among the GCC states." Al-Jubeir said the Commission would reduce the long procedures to the minimum in taking decisions on key financial and economic issues. "In the past such issues were handled by the ministerial level committees. Then these committees refer them to the ministries, and the ministries forward them to the Cabinet and then the Cabinet submits it to the head of state."
He said that the Kingdom demands sending ground troops to Syria to save the Syrian people. "Since a few years, the Kingdom sees ground intervention is an inevitable step to find a solution to the Syrian tragedy. The Kingdom is still ready to participate in an international ground troop mission, led by the United States and other allies."
Al-Jubeir blamed Iran for sponsoring terror and interfering in the internal affairs of the neighboring states.
"The GCC states hope that Iran would stop interfering in the affairs of the region, through supporting terrorism, planting terrorist cells and spreading sectarian militias in the region to undermine the security and stability of the countries." He emphasized "the GCC states cannot have normal relations with a state that has no goal but to destroy us, plant cells and smuggle explosives into our allies, in order to destabilize the region, and these are aggressive acts and that are not acts of good neighborliness. Our doors will be open to build better relations with Iran, being a neighboring Islamic state, when it stop such acts, change its policies and adhere to the principle of good neighborliness and non-interference in the affairs of others," he said. On the Russian guarantees for non-Iranian interference in the Gulf states' internal affairs, Al-Jubeir explained that Russia has nothing to do with this.
Referring to Israeli Prime Minister Benjamin Netanyahu's statement with regard to reviving a 2002 Arab peace initiative, Al-Jubeir said that it is too early to evaluate the seriousness of Israel in this respect. "When the Israeli prime minister talked about the initiative, he was talking about some of provisions which are positive in his viewpoint, but he did not accept the Arab initiative as published in the media. But what is more important is to resume negotiations between the Palestinian Authority and Israel. The Israelis were rejecting the negotiations initiated by the US- Quartet," Al-Jubeir noted.
Referring to the Yemeni issue, he said that negotiations are going on in Kuwait on the basis of the GCC Initiative and the UN Security Council resolution. On the Saudi role in the establishment of peace in Yemen, Al-Jubeir said that Saudi efforts in Yemen, have begun several years ago, and have the conviction that the solution in Yemen must be peacefully based on Security Council resolution no. 2216, the national dialogue and the GCC initiative.
On Libyan Unity Government, he said it is a legitimate government. "There are international efforts to bring closer leaders of various Libyan groups to resolve the conflict in the strife-torn country," he added.
The GCC leaders who attended the meeting included Qatari Emir Sheikh Tamim Bin Hamad Al-Thani; Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah; Bahrain's King Hamad Bin Isa Al-Khalifa; UAE Vice President, Prime Minister and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum; and Omani Deputy Prime Minister Fahd Bin Mahmoud Al-Said. The leaders attended a luncheon banquet hosted by King Salman.
Earlier, the leaders were received by the King at King Abdulaziz International Airport. Those who were present at the airport to receive the leaders also included Prince Khaled Al-Faisal, emir of Makkah and advisor to Custodian of the Two Holy Mosques, and Jeddah Governor Prince Mishal Bin Majed.
The Saudi delegation to the summit meeting was headed by King Salman, and included Crown Prince Muhammad Bin Naif, deputy premier and minister of interior, Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of defense, Finance Minister Ibrahim Al-Assaf, Foreign Minister Adel Al-Jubeir, and Minister of State and Member of the Cabinet Musaed Bin Muhammad Al-Aiban.


Clic here to read the story from its source.