3 expat women who practiced prostitution in a hotel arrested in Riyadh    Tunisian president and Saudi interior minister discuss security cooperation    Saudi, US defense ministers discuss over phone ways to enhance strategic cooperation    Grand Mufti expresses pride over Saudi Arabia's firm position on Palestine issue    Saudi Arabia's inflation records slight rise reaching 2% in January 2025    Electromin celebrates victory of "Nissan Formula E Team" in "Jeddah E-Prix" as first Saudi private-sector global partner in Formula E    Saudi Arabia vows full support to Lebanon's actions to safeguard citizens' security    US-made heavy bombs arrive in Israel after Biden-era hold    Death toll from New Delhi railway station stampede rises to 18    US, Russia to begin Ukraine peace talks in Saudi Arabia    Al Ittihad CEO calls for fairness as Al Hilal raises officiating concerns ahead of Saudi Classico    LG Electronics Saudi Arabia and Shaker Group mark 30 years of sustainable innovation in HVAC solutions    Benzema shines with goal and two assists as Al Ittihad dominate Al Wehda French star leads Al Ittihad to 4-1 victory, extending lead over Al Hilal ahead of top-of-the-table clash    Saudi Arabia among world's top 10 energy storage markets    Al Hilal held to controversial 1-1 draw against Al Riyadh, missing chance to reclaim top spot    Al Hilal accuses SPL's Michael Emenalo of bias and SFF's Manuel Navarro of pressuring team to accept local referees Club criticizes officiating, calls for elite foreign referees in Saudi Pro League    Maya Diab joins Arab stars and celebrities in celebrating the Centrepoint Ramadan 2025 collection launch at Riyadh Boulevard    Oilatum tackles rise in Eczema and Dry Skin in Saudi Arabia    HONOR brings together AI and luxury with PORSCHE DESIGN HONOR Magic7 RSR at LEAP 2025    Chinese film stirs national pride, rakes in $1bn in days    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    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.



Al Budaiwi: Gulf joint action made great economic accomplishments
Published in The Saudi Gazette on 17 - 05 - 2023

The Secretary General of the Gulf Cooperation Council (GCC) Jassem Mohamed Al Budaiwi stated Wednesday that the GCC Financial and Economic Cooperation Committee is exploring all means to enhance financial and economic cooperation among the GCC countries.
His remarks were made in Muscat, Oman, during the 109th meeting of the Financial and Economic Cooperation Committee of the ministers of finance and economy of the GCC countries, chaired by Sultan Bin Salem Al Habsi, minister of finance of the Sultanate of Oman.
The GCC secretary general noted the sincere efforts exerted by the Sultanate of Oman and work to enhance the progress of the GCC, and the support, assistance, and interest that the joint Gulf work receives.
He thanked the Saudi minister of finance for his efforts and support during the period of the Kingdom's presidency of the committee's meetings.
During his speech, Al Budaiwi stated: "The joint Gulf action has achieved great accomplishments in the economic field in the past period, which was reflected in the GCC citizen.
"The total intra-GCC trade increased to nearly $105 billion in 2021. The number of citizens who traveled among the GCC countries reached around 7 million, while the number of licenses granted to GCC nationals who engage in economic activities in other GCC countries reached more than 60,000 licenses.
"The total number of beneficiaries of the decisions related to real-estate ownership reached around 162,000 ownership cases.
"Meanwhile, in the field of stock trading, the number of shareholders of GCC nationals in joint-stock companies in other GCC countries reached about 431,000 shareholders in 682 joint-stock companies, with a capital of $376 billion."
Moreover, the GCC secretary general recalled what the leaders of the GCC states instructed the esteemed GCC Financial and Economic Cooperation Committee at the Riyadh Summit in December 2022 to complete the remaining steps for the establishment of the Customs Union and the GCC Common Market, and to submit periodic follow-up reports to the Ministerial Council.
He thanked the ministers of finance and economy and members of the committees in the GCC countries for their valuable efforts and sincere desire to overcome all obstacles and increase cooperation and economic integration among the GCC countries. — SPA


Clic here to read the story from its source.