Latest news with #Al-Budaiwi
Kuwait Times
27-05-2025
- Business
- Kuwait Times
ASEAN, GCC launch free trade talks
Crown Prince, representing Amir, heads Kuwait delegation at key summits KUALA LUMPUR: The regional bloc of Southeast Asian nations ASEAN and Gulf Cooperation Council (GCC) member states agreed on Monday, in a joint statement, to start negotiations over a free trade agreement. The agreement was sealed on the sidelines of the ASEAN/GCC summit in the Malaysian capital, in which HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah is represented by HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah. The joint statement should serve as a launchpad towards talks on a free trade agreement between the two regional blocs, covering a wide array of sectors and economic aspects that would further reinforce trade ties between Kuala Lumpur and Gulf Arab states, it underlined. These talks come as per the directives of the leaders of GCC member states, which urge Gulf Arab countries to bolster their ties with 'international partners', said the Riyadh-based bloc's chief Jasem Al-Budaiwi, hailing the agreement as a major step forward in a bid to bring that goal to fruition. Leaders from the two regional blocs are assembling for talks in the Malaysian capital to discuss current developments and push forward bilateral relations. Al-Budaiwi affirmed Monday that the Gulf states are a globally trusted partner and a key hub for international cooperation, thanks to their credibility and balanced political approach. In a statement to KUNA ahead of the second GCC-ASEAN Summit and the first GCC-ASEAN-China Summit, Al-Budaiwi highlighted the high-level GCC participation in Kuala Lumpur as a reflection of the Gulf's serious commitment to strengthening partnerships with ASEAN and China. He emphasized that these summits come at a pivotal moment amid significant global transformations. Al-Budaiwi noted the deep and diverse economic ties between the Gulf and ASEAN, marked by substantial investments, and described the summit as a strategic platform for discussing trade, food security and regional economic integration with China. He stressed the GCC's goal of developing modern cooperation frameworks that respond to global geopolitical and economic shifts, focusing on innovation, technology, digitalization and enhancing regional security. Al-Budaiwi pointed out that the GCC-ASEAN-China grouping represents about 30 to 40 percent of the global economy, underscoring its economic and political significance, and reiterated the Gulf's policy of positive neutrality and its commitment to regional and international stability. On political issues, Al-Budaiwi praised ASEAN's supportive stance on the Palestinian cause, highlighting recent calls by ASEAN foreign ministers to halt the Zionist occupation's attacks on Gaza. He expressed the GCC's appreciation and support for this position and welcomed the upcoming Saudi-French conference in New York in June, expressing hope for meaningful international pressure on the Zionist occupation to end military operations, allow humanitarian aid into Gaza, and pave the way for peace talks. The Malaysian foreign ministry announced that the ASEAN-GCC Summit is expected to produce two key documents: A joint statement and a declaration, while the ASEAN-GCC-China Summit will issue a joint statement. These documents are aimed at delivering balanced, mutually beneficial outcomes that promote regional stability and prosperity. – KUNA
Arab Times
25-05-2025
- Business
- Arab Times
GCC marks 44th anniversary, highlights decades of unity and growth
RIYADH, Saudi Arabia, May 25: Gulf Cooperation Council (GCC) Secretary General Jassem Mohammad Al-Budaiwi described the Council's journey as 'an example to be followed in unity, effective integration, and constructive cooperation, making it a pioneering model regionally and internationally.' Speaking during the celebration of the 44th anniversary of the Council's establishment at the GCC Secretariat in Riyadh late Saturday, Al-Budaiwi expressed pride in continuing the path that began on May 25, 1981. He conveyed appreciation for the progress made in joint Gulf cooperation and integration across various fields. 'During our celebration today of the 44th anniversary of the launch of the blessed journey of the GCC,' he said, 'we recall with pride and loyalty the insightful vision of the founding leaders who laid the solid foundation for this great institution, relying on deep fraternal ties, shared destiny, and common history among their peoples.' He affirmed that despite regional and international challenges, the Council's path remains a model of unity and integration, highlighting its growing role across multiple fields. 'The member states have become a model for collective action and a reliable partner regionally and internationally,' he said, noting that strategic vision and balanced policies had drawn the world's attention and supported security, peace, and sustainable prosperity. Al-Budaiwi emphasized the Council's growing diplomatic presence, citing the recent Gulf-European and Gulf-American summits and upcoming summits with ASEAN and China. 'This clearly affirms the Council's status and pivotal role in shaping international relations,' he said. These high-level summits, involving Their Majesties and Highnesses—the leaders of the member states—and their counterparts, along with 15 ministerial meetings with other nations, reflect the GCC's capacity to build balanced East-West partnerships that support mutual interests. 'They also reflect the global appreciation and respect for the GCC countries and the sincere desire from various nations to deepen relations based on mutual trust and strategic interests,' he added. Al-Budaiwi highlighted the GCC's economic advancement, driven by diversification, efficient resource use, and enhanced regional and international standing. He noted the GCC now ranks 11th globally in GDP, reaching USD 2.1 trillion, with a per capita average of USD 36,800—over three times the global average. He forecasted 4.5% economic growth in 2025 and 3.3% in the non-oil sector. He added that the region's financial markets are among the world's top seven, with market value exceeding 4.3% of the total global value. Intra-GCC trade also expanded significantly, with intra-exports valued at USD 131.6 billion—a 67% increase—demonstrating deepening economic integration and ease of goods movement. Cross-border Gulf investment is thriving as well. The total capital of publicly traded companies open to citizens of other member states reached USD 520.4 billion, marking a 226.9% growth, indicating smooth Gulf capital flow and enhanced market access. On sustainable development, Al-Budaiwi said GCC countries have seen major growth in clean energy capacity. They now account for 30% of the Middle East's renewable electricity production and 54.5% of its wind energy output—equivalent to 30% of global wind production. In education, approximately 12,800 Gulf students are enrolled in higher education institutions in other member states, reinforcing academic integration and mutual competence exchange. In the digital economy, he affirmed that GCC countries are among the most prepared globally, with artificial intelligence readiness exceeding the world average. By 2030, AI is expected to contribute 34% of the GCC's GDP. Aligned with digital transformation, the Ministers of Information in GCC states launched a joint application for the Council's news agencies. In addition, the General Secretariat, through the GCC Statistical Center, introduced a smartphone app offering reliable statistical data on development, economy, society, and the environment across the member states. 'These digital initiatives,' he said, 'reflect the scale of ambitious achievements and the comprehensive renaissance experienced by the member states.' He also highlighted two key societal initiatives. The first, Inspiring Gulf Woman, held on International Women's Day, showcased achievements of Gulf women and the Council's empowerment efforts. The second, Gulf Youth Day, aimed to support and encourage young people by displaying their creativity and accomplishments in various fields. Al-Budaiwi reaffirmed that the 44th anniversary of the GCC is a valuable occasion celebrating a journey marked by Gulf achievements and unity. He praised the vision of the founding leaders who laid the foundation for this enduring regional bloc. The ceremony was attended by Riyadh Governor Prince Faisal bin Bandar bin Abdulaziz, Kuwaiti Minister of Information, Culture, and Minister of State for Youth Affairs Abdulrahman Al-Mutairi, ambassadors, diplomatic representatives, and senior officials. He extended his gratitude for the support of the GCC member states to the General Secretariat and acknowledged the leadership of Kuwait as the current presidency holder, along with the efforts of all those involved in organizing the celebration. In closing, Al-Budaiwi prayed for the continuation of security, stability, and prosperity across the GCC and called upon God Almighty to guide the leaders toward greater achievements on the path of joint Gulf action.
Kuwait News Agency
06-05-2025
- Politics
- Kuwait News Agency
GCC Chief discusses enhancing Gulf joint work with Oman Amb.
RIYADH, May 6 (KUNA) -- Secretary General of the Gulf Cooperation Council (GCC) Jassem Al-Budaiwi on Tuesday discussed enhancing Gulf joint work with Omani Ambassador to Saudi Arabia Najib Al-Busaidi. GCC's General Secretariat stated that this came during Al-Budaiwi's meeting with Al-Busaidi at the Secretariat's Headquarters in Riyadh. During the meeting, several topics were discussed including enhancing efforts for Gulf joint work and reviewing the latest regional and international developments, the Secretariat noted. Al-Budaiwi congratulated Al-Busaidi on his appointment as Ambassador Oman to the Kingdom of Saudi Arabia, and wished him success, it added. (end)
Leaders
16-04-2025
- Business
- Leaders
In Photos: GCC to Launch 'Gulf Youth Council' to Empower Young Leaders
The Gulf Cooperation Council (GCC) General Secretariat has announced plans to establish the 'Gulf Youth Council' , a groundbreaking initiative to engage young people in shaping regional policies and advancing Gulf integration. Secretary-General Jasem Mohamed Al-Budaiwi revealed the proposal during celebrations marking Gulf Youth Day at the GCC headquarters in Riyadh. GCC Youth Council: A New Era of Inclusion Al-Budaiwi explained that the council aims to create a permanent platform within the GCC framework, uniting youth voices across member states. Adding that its primary goals include addressing challenges faced by Gulf youth, proposing joint initiatives in education, innovation, and digital citizenship, and submitting policy recommendations to Gulf leaders. Twelve talented youth from GCC nations were honored at the event, themed 'Gulf Youth: Creativity, Leadership, Achievement'. Attendees included Kuwait's Minister of Information and Culture and Minister of State for Youth Affairs, Abdulrahman Badah Al-Mutairi, and Saudi Deputy Sports Minister Bader bin Abdulrahman Al-Kadi. Council's Strategic Goals Al-Budaiwi emphasized the council's role in fostering entrepreneurship, volunteerism, and technological advancement. He highlighted youth-led achievements in AI, fintech, and environmental advocacy, noting their growing influence in regional and global forums. GCC youth continue to pioneer initiatives in digital economies, arts, and sustainable development. Their projects align with national visions like Saudi Arabia's Vision 2030, enhancing quality of life and driving inclusive growth. GCC Nations' Support for Youth Empowerment Al-Budaiwi praised member states for funding entrepreneurship programs, innovation hubs, and flexible regulatory frameworks. These efforts have cultivated a thriving ecosystem for young leaders. The GCC Secretariat pledged continued collaboration with member states to expand youth-focused programs. By empowering young innovators, the council seeks to strengthen Gulf unity and secure a prosperous future. This initiative underscores the GCC's commitment to harnessing youth potential as a catalyst for sustainable development and regional cohesion. Short link : Post Views: 54
Times of Oman
26-03-2025
- Politics
- Times of Oman
GCC strongly condemns Israel's attack on Syrian town of Koya
Riyadh: The GCC Secretary-General Jassim Mohamed Al-Budaiwi expressed his strong condemnation and denunciation of the Israeli occupation forces' aggression on the town of Koya, west of Daraa in Syria, which resulted in a number of deaths and injuries. In a statement, Al-Budaiwi said that this aggression by the Israeli occupation forces is a continuation of their aggressive approach to destabilizing security and stability in the region. Al-Budaiwi referred to the statement of the GCC Ministerial Council at its 163rd session, which underscored the importance of respecting the sovereignty, independence, and territorial integrity of the Syrian Arab Republic, and that Syria's security and stability are a fundamental pillar of regional stability. The GCC Secretary-General stressed the need for the international community to assume its responsibilities to halt these repeated Israeli attacks on Syrian territory and called on Israel to withdraw from all occupied Syrian territories.
