The UAE participates in the meeting of the Financial and Economic Cooperation Committee in the Cooperation Council countries in Kuwait

2025/06/01 6:46:20 PM

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Kuwait on June 1 / WAM / The 123rd United Arab Emirates participated in the meeting of the Financial and Economic Cooperation Committee in the Gulf Cooperation Council states, which was held today in the State of Kuwait, in the presence of Excellencies of Finance Ministers in the GCC countries.

The state’s delegation was chaired by His Excellency Muhammad bin Hadi Al -Husseini, Minister of State for Financial Affairs.

The meeting discussed a number of priority files to enhance the path of financial and economic financial cooperation, and the appropriate decisions were taken regarding them, including: the results of the meeting 84 of the Central Bank Governors Committee in the GCC countries, the results of the meetings of the customs union body, and the results of the meeting 14 of the Committee of the Heads and Directors of the tax departments in the council countries, along with the developments of the joint Gulf market and the recommendations of the joint event held between the Ministry of Finance in the United Arab Emirates And the General Secretariat of the Cooperation Council on the sidelines of the Global Summit of Governments held in February 2025.

The progress achieved in the program of achieving the Gulf economic unit was also reviewed by 2025, follow -up of Gulf coordination in global economic events, and the program to achieve economic unity between the GCC states, in addition to a visual presentation on the statistics of the joint Gulf market presented by the Gulf Statistical Center.

His Excellency Mohammed bin Hadi Al -Husseini stressed that strengthening the joint Gulf action in the financial and economic fields is a strategic priority for the UAE, especially in light of the accelerating challenges taking place in the global economy.

He stressed that the completion of the requirements of the joint Gulf market and the customs union is a necessity to enhance the efficiency of economic performance in the GCC countries, and to raise their competitiveness regionally and internationally.

His Excellency pointed out that the next stage requires accelerating the pace of institutional integration and working to match the financial, tax and customs policies in order to achieve harmony and integration between the economies of the GCC countries, stressing that the UAE continues to support all efforts and initiatives that contribute to establishing a unified Gulf economy, and providing an attractive and stimulating environment for investment and trade.

His Excellency concluded by emphasizing the importance of intensifying cooperation and exchanging experiences between member states, investing available opportunities through joint Gulf projects, in a manner that ensures the achievement of sustainable growth and economic prosperity for the citizens of the GCC states, and enhancing their presence as an economic group affecting the global scene.

The meeting has been an important platform for the exchange of visions on the financial and economic priorities of the next stage, and to enhance the readiness of the GCC countries to deal with regional and international developments, in addition to supporting the executive plans related to economic integration, in a way that establishes the position of the Cooperation Council worldwide.