Dubai: Gulf finance ministers will address a number of key issues including the Gulf Cooperation Council (GCC) Customs Union and the GCC Rail project in their meeting in Abu Dhabi on Saturday.
The UAE will host the 91st GCC Financial and Economic Committee meeting, which will be headed by Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance.
Among others, the meeting will address the GCC countries' participation at the World Trade Organisation (WTO), issues pertaining to cooperation with the European Union (EU) and other countries and financial institutions.
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, indicated that the meeting allows the council to convey a comprehensive picture of various financial and economic issues and joint projects to GCC leaders. Al Tayer said that the meeting supported the GCC in its efforts to position itself as a strong economic bloc.
"The 91st GCC Financial and Economic Committee meeting acts as a link between the GCC Supreme Council and its financial and economic committees. The meeting will focus on all the recommendations made by these committees and on the directives resulting from the 36th meeting of the GCC Committee for Undersecretaries of Ministries of Finance and Economy. It will also shed light on the progress of joint GCC projects," Al Tayer added.
