Latest news with #GCCMinisters
Zawya
5 days ago
- Business
- Zawya
UAE reaffirms commitment to promoting GCC Economic Integration at 123rd Ministerial Meeting in Kuwait
Exploring latest updates on the progress of the Gulf Customs Union and GCC Common Market H.E. Mohamed bin Hadi Al Hussaini: The UAE supports all efforts to strengthen financial and economic cooperation among GCC states. Kuwait: The UAE has taken part in the 123rd Ministerial Meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, held today in Kuwait, bringing together Their Excellencies, the Ministers of Finance of the GCC member states. Led by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation featured H.E. Khalid Ali Al Bustani, Director-General of the Federal Tax Authority (FTA); and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations. A number of specialists from the Ministry of Finance, the Federal Tax Authority, the Federal Authority for Identity and Nationality, Customs and Port Security also accompanied the delegation. Advancing Regional Economic Integration The meeting discussed priority issues to strengthen financial and economic cooperation across the GCC, where appropriate decisions were taken accordingly. Topics addressed include the outcomes of the 84th Meeting of the Committee of the Governors of the Central Banks in the GCC Countries, recent sessions of the GCC Customs Union Authority, and the 14th meeting of the Committee of Heads and Directors of Tax Departments in the GCC Countries. Ministers also reviewed the latest developments related to the Gulf Common Market, along with recommendations stemming from a joint event hosted by the UAE Ministry of Finance and the GCC General Secretariat on the sidelines of the World Government Summit in February 2025. Progress on the GCC's economic unity agenda by 2025 was also reviewed, with discussions focusing on ongoing efforts to enhance Gulf coordination in global economic forums. The session also featured a briefing by the GCC Statistical Centre on current data from the Gulf Common Market. Accelerating the pace of integration H.E. Mohamed bin Hadi Al Hussaini said that strengthening joint GCC action in the financial and economic sectors will continue to be a strategic priority for the UAE, particularly in light of the accelerating challenges facing the global economy. He stressed the importance of completing the requirements of the GCC Common Market and Customs Union as essential steps toward enhancing economic efficiency and boosting the global and regional competitiveness of GCC countries. His Excellency added that the next phase calls for expediting institutional integration and aligning financial, tax, and customs policies to foster greater harmony and coherence among GCC economies. He reaffirmed the UAE's support for all efforts and initiatives aimed at establishing a unified Gulf economy and creating an attractive, dynamic environment for investment and trade. He concluded by highlighting the need to intensify technical cooperation and exchange expertise among member states, as well as making the most of the opportunities presented by joint Gulf projects. These efforts, he noted, are vital to achieving sustainable growth, ensuring long-term prosperity for GCC citizens, and strengthening the region's position as an influential economic bloc on the global stage. Exchanging views During the meeting, the meeting ministers exchanged views on financial and economic priorities for the next phase and explored how to enhance the GCC countries' readiness to address regional and global developments, as well as how to support executive plans for economic integration and strengthen the GCC's position on the global stage.
Times of Oman
19-05-2025
- Business
- Times of Oman
Oman participates in meeting of GCC Ministers of Education in Kuwait
Kuwait: The Sultanate of Oman today participated in the ninth meeting of the GCC Ministers of Education, held in the State of Kuwait. Oman's delegation was headed by Dr. Madiha Ahmed Al Shaibani, Minister of Education. The meeting discussed several topics related to enhancing cooperation and integration among the ministries of education in the GCC states. The Gulf Strategy for Drug Control (2025-2028) was reviewed, which included numerous proposals for developing educational and training programs in this field. Additionally, the meeting addressed the development of the Arab Bureau of Education for the Gulf States (ABEGS) to ensure its contribution in supporting the work of the ministries of education and keeping pace with current and future transformations in education. As for the United Nations Sustainable Development Goals (SDGs), the meeting agreed that ABEGS would incorporate some of the national indicators pursued by the GCC ministries of education into reports for Goal 4 (Quality Education) to highlight the role of GCC countries globally. Furthermore, the meeting reviewed the strategic plan of the GCC Scouts and Guides Committee for the years (2026-2030), which includes local and international scouting programs and activities. Discussions also covered a study conducted by ABEGS on enhancing financial literacy among school students for practical application. The meeting also examined several initiatives proposed by Kuwait and Saudi Arabia pertaining to school sports, sports exchanges for gifted students and outstanding teachers across the GCC, and strategic transformation in general education.
Times of Oman
19-05-2025
- Science
- Times of Oman
Oman participates in GCC Higher Education Ministers' meeting
Kuwait: The Sultanate of Oman on Monday took part in the 25th meeting of GCC Ministers of Higher Education and Research, held in the State of Kuwait. Oman's delegation was headed by Dr. Rahma Ibrahim Al Mahrouqi, Minister of Higher Education, Research and Innovation. The meeting discussed matters related to enhancing cooperation and integration among GCC states in the fields of higher education, research and innovation. The meeting discussed common systems of higher education, innovation and entrepreneurship. It also dealt with standard methods of teaching and learning in higher education institutions, means of developing community partnerships and related regional and international ties and envisaging future growth in a manner that keeps pace with rapid updates. The meeting also dealt with issues of digital transition and cybersecurity in higher education, upgrading the 'Gulf Network for Quality Assurance in Higher Education' and enhancing international cooperation. The meeting reviewed the GCC Secretariat General's proposal to update the structure of committees and teams entrusted with higher education and research.
