Latest news with #MinisterialMeeting
Leaders
2 days ago
- Business
- Leaders
Saudi FM Takes Part in GCC Ministerial Meeting in Kuwait
The Saudi Foreign Minister, Prince Faisal bin Farhan, is participating in the 164th session of the Gulf Cooperation Council (GCC) Ministerial Meeting, taking place in Kuwait, reported the Saudi Press Agency (SPA). Prince Faisal bin Farhan was received at the Kuwait International Airport by his Kuwaiti counterpart, Abdullah Al-Yahya, and Saudi Arabia's Ambassador to Kuwait, Prince Sultan bin Saad bin Khaled. On Monday, the Ministerial Meeting kicked off under the chairmanship of the Kuwaiti Foreign Minister, Abdullah Al-Yahya. The Foreign Ministers and heads of delegations from the GCC countries are taking part in the meeting, according to the Kuwait News Agency (KUNA). The GCC Foreign Ministers will explore ways to strengthen joint cooperation among Gulf countries, as well as exchanging views on the latest regional and international developments and efforts made to address them. Furthermore, the meeting will discuss resolutions regarding the follow-up of decisions issued by the GCC Supreme Council at the 45th summit in Kuwait City in December 2024, the GCC Secretary-General, Jasim Al-Budaiwi, said in a press release. It will also discuss reports and memoranda submitted by the ministerial and technical committees and the General Secretariat, in addition to dialogues, strategic ties and free trade agreements between the GCC countries and foreign countries and blocs. Short link : Post Views: 35
Asharq Al-Awsat
2 days ago
- General
- Asharq Al-Awsat
Saudi Foreign Minister Arrives in Kuwait to Participate in GCC Ministerial Meeting
Saudi Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, arrived in Kuwait to participate in the 164th Ministerial Meeting of the Gulf Cooperation Council (GCC), the Saudi Press Agency said on Monday. The Minister was received at Kuwait International Airport by Kuwaiti Minister of Foreign Affairs, Abdullah Ali Al-Yahya, and Saudi Ambassador to Kuwait, Prince Sultan bin Saad bin Khaled. The Ministerial Meeting of the GCC is scheduled to discuss ways to promote joint GCC action, developments in regional and international arenas, and efforts made in this regard.
Gulf Today
2 days ago
- Business
- Gulf Today
UAE fully backs efforts to boost GCC economic integration plan
The UAE has taken part in the 123rd Ministerial Meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, held on Sunday in Kuwait, bringing together Their Excellencies, the Ministers of Finance of the GCC member states. Led by Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation featured 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 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. 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. Two days earlier, The Ministry of Finance held a workshop on crisis management and forecasting, bringing together senior government officials and experts to explore best practices in emergency preparedness and strategic planning. The event, held in Dubai, was attended by Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; assistant undersecretaries; department directors; and representatives from the American University of Sharjah. In addition to highlighting the latest international practices in crisis management and forecasting, the workshop aimed to enhance the capabilities of national teams to respond effectively and plan proactively for future challenges. This aligns with the country's efforts to build a flexible government capable of adapting to evolving circumstances. Younis Haji AlKhoori emphasised that the workshop is part of the Ministry's commitment to strengthening institutional readiness. He highlighted that investing in capacity building for crisis management and forecasting is key to ensuring business continuity and improving government performance amid regional and global challenges. 'We are moving forward with our efforts to instill a culture of readiness within the organisational work environment, empowering our staff to make swift, well-thought-out decisions during crises and ensuring sustainable service delivery,' said AlKhoori.
Asharq Al-Awsat
6 days ago
- Business
- Asharq Al-Awsat
OPEC+ Adopts Plan for 2027 Baselines
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production. The 39th OPEC and non-OPEC Ministerial Meeting was convened in light of the continued commitment of the participating countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market. The participants reaffirmed the Framework of the DoC, signed on December 10, 2016, and further endorsed in subsequent meetings. They reaffirmed the level of overall crude oil production for OPEC and non-OPEC participating countries in the DoC as agreed in the 38th OPEC and non-OPEC Ministerial Meeting until December 31, 2026. They reaffirmed the mandate of the Joint Ministerial Monitoring Committee (JMMC) to closely review global oil market conditions, oil production levels, and the level of conformity with the DoC, assisted by the OPEC Secretariat. The JMMC meeting will be held every two months. The participants underlined the JMMC's authority to hold additional meetings, or to request an OPEC and non-OPEC Ministerial Meeting at any time to address market developments, whenever deemed necessary. They also reiterated the critical importance of adhering to full conformity and the compensation mechanism. Furthermore, they mandated the OPEC Secretariat to develop a mechanism to assess participating countries' maximum sustainable production capacity (MSC) to be used as reference for 2027 production levels for all DoC countries. The 40th OPEC and non-OPEC Ministerial Meeting will be held on November 30.
Egypt Today
23-05-2025
- Politics
- Egypt Today
African-European Ministerial Meeting addresses Egyptian candidate Khaled Anani for post of UNESCO of Director-General
Khaled Anani- File Photo CAIRO – 23 May 2025: The final communiqué of the African-European Ministerial Meeting in Brussels tackled the African Union's endorsement of Dr. Khaled El-Enany as a candidate for the position of of Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO), said the Egyptian Foreign Ministry in a statement on Friday. The third African Union–European Union Ministerial Meeting, held on May 21, 2025, in Brussels, reviewed the progress made in implementing the Shared Vision 2030 for a renewed partnership between Africa and Europe. The meeting also set the stage for the upcoming seventh AU–EU Summit, to be held in Africa later this year, marking the 25th anniversary of the partnership. The communiqué highlighted the European Union's understanding of the African Union's endorsement of Dr. El-Enany's candidacy for the 2025–2029 term, the Ministry added. This endorsement reflects a unified continental stance on the importance of African representation in leading international institutions, as well as confidence in the Egyptian candidate's ability to advocate for Africa's priorities within UNESCO, said the Egyptian Ministry. Dr. El-Enany's candidacy continues to gain international momentum, with Austria and Slovakia becoming the latest countries to officially declare their support last week, the Ministry continued. The Executive Council of the African Union has endorsed the nomination of Egyptian candidate Dr. Khaled El-Enany for the position of UNESCO Director-General. The AU's endorsement was announced during the 44th session of the Executive Council, held in Addis Ababa on February 14–15.
