Kuwait city: Yousif Abdullah Humood, Undersecretary for Financial Affairs at the Ministry of Finance and National Economy, attended the 13th Meeting of the Senior Officials Committee of the GCC Economic and Development Affairs Authority, held in the State of Kuwait. The meeting focused on advancing economic integration, discussing customs union progress, the common market, and economic cooperation between member states. Key economic indicators and ongoing projects by the Authority were also reviewed.
According to Bahrain News Agency, the meeting aimed to further economic collaboration and streamline ongoing efforts towards a unified economic front among the GCC member states. Discussions included evaluating the current status of the customs union and identifying steps needed to enhance the common market. The meeting took stock of various projects spearheaded by the Authority, which are critical to achieving long-term economic goals in the region.
The senior officials also deliberated on strategies to address existing challenges in economic policies and explored avenues to enhance cooperation. The gathering underscored the importance of continuous dialogue and cooperation to foster economic growth within the GCC framework.