Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GCC union high on summit agenda  Join our daily free Newsletter

MENAFN - Arab News - 10/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Crown Prince Salman, deputy premier and minister of defense, will lead the Saudi delegation to the GCC summit, set to start Tuesday in Kuwait.
The agenda will include the Saudi proposal to form a Gulf union, regional turmoil, Iranian overtures following its nuclear deal, Syrian crisis, Israeli-Palestinian peace negotiations, and youth and women empowerment issues.
"The heads of Gulf states including Saudi Arabia will be accompanied by a large contingent of top officials and diplomats," Abdullah Al-Hashem, GCC's assistant secretary general, said on Monday. Al-Hashem, who is cochairing a panel to prepare the final communiqu of the two-day summit, said: "The supreme council session will also focus on human development, welfare and the overall prosperity of Gulf citizens."
Asked about the summit's final agenda, another GCC official said: "Several points on the agenda were fine-tuned by the GCC foreign ministers, who met in Kuwait on Monday."
Foreign Minister Prince Saud Al-Faisal attended the GCC ministerial meeting dedicated to preparing the final agenda.
The agenda of the GCC summit was discussed during the Saudi Cabinet meeting chaired by Crown Prince Salman here Monday, according to a Saudi Press Agency report. The Cabinet was briefed on several issues related to joint GCC initiatives, achievements and future plans. Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah will chair the 34th summit.
The nuclear agreement reached last month between Iran and Western countries will top the agenda. The GCC leaders will also have discussions on the Iranian occupation of three United Arab Emirate islands, the implementation of the Gulf-brokered power-transition deal in Yemen, and a plan to launch a joint GCC police force.
Abdullateef Al-Zayani, secretary general of the GCC, said in a statement released on Sunday that the summit is being held during an ''extremely sensitive'' time. The Gulf leaders, he said, would discuss the security situation and the proposal to transform the GCC into a fully-fledged union.
Al-Zayani dismissed claims that there are major differences between the GCC members despite Oman recently rejecting the idea of a union. He said there was already high-level cooperation in all spheres, including among the armed forces of the Gulf countries.
"The defense integration is key to the regional security apparatus and it is on top of the agenda of the Gulf leaders," he said, hinting that important resolutions are expected on Gulf security. On foreign policy coordination, he said: "The Gulf countries and their leaders are committed to the basic principles of not interfering in others affairs, holding regular dialogue to address conflicts, and clearing the region of weapons of mass destruction."
He said the summit would review a wide range of key issues such as boosting economic cooperation, human rights, environmental protection, healthcare and joint cultural projects. The heads of the GCC governments would also continue discussions over the proposal to adopt a single currency. They will review the outcome of the GCC Customs Union and consider new measures to remove all customs barriers to facilitate trade between their countries.
The six-nation GCC is a regional grouping. Its presidency rotates periodically among the member states in alphabetical order. Kuwait is the current president of the GCC. It was established in Riyadh in May 1981 and has its headquarters in the Saudi capital city.

 


Arab News




  MENA News Headlines
 Apr 26 2015 - Morsi's trial 'badly flawed': HRWDaily News Egypt
(MENAFN - Daily News Egypt) Human Rights Watch (HRW) described the first trial of former president Mohamed Morsi as "badly flawed", in a statement on Sunday.The watchdog added in its statement that ...

 Apr 26 2015 - Egypt returning to central role in world: MehlebDaily News Egypt
(MENAFN - Daily News Egypt) The State Information Service (SIS) hailed Prime Minister Ibrahim Mehleb's visit to Indonesia Sunday as "a message that Egypt has made a strong return to its natural and ...

 Apr 26 2015 - Egypt- Feud between Mortada Mansour and UWK continuesDaily News Egypt
(MENAFN - Daily News Egypt) The Criminal Court postponed to 10 May the trial of 21 Ultras White Knights (UWK) members on charges of the attempted murder of the Al-Zamalek club's president Mortada ...

 Apr 26 2015 - New Mondelez Egypt production-line investments are worth EGP 200 m: Managing directorDaily News Egypt
(MENAFN - Daily News Egypt) The Mondelez chocolate company has launched a new production-line under the name of "Marvellous Creations", according to Bassil Abul-Ata, Managing Director of Mondelez ...

 Apr 26 2015 - 6 banks request Citibank Egypt retail business acquisitionDaily News Egypt
(MENAFN - Daily News Egypt) Six banks have requested to acquire Citigroup's retail business in Egypt, with the Central Bank of Egypt (CBE) on top of the acquisition discussions, a Citibank Egypt ...

 Apr 26 2015 - Spike in 'single' cigarette sales expected to decrease tax proceeds by EGP 2bn: TradersDaily News Egypt
(MENAFN - Daily News Egypt) The Cairo and Giza Tobacco Traders Association expects a decrease in tax proceeds of EGP 2bn in the current fiscal year's national budget, due to a nationwide increase in ...

 Apr 26 2015 - Egypt- CBE reduces commission of credit letters to facilitate importsDaily News Egypt
(MENAFN - Daily News) EgyptImporters commented on the recent decision of Central Bank of Egypt (CBE), reducing commissions of opening letters of credit from 2.5% to 1.5%.The importers said the ...

 Apr 26 2015 - Banque du Caire targets EGP 2bn increase for retail portfolio by end of 2015: HusseinDaily News Egypt
(MENAFN - Daily News Egypt) Banque du Caire is targeting an increase of partial loans by EGP 2bn by the end of this year, to come in at a value of EGP 22bn.Ahmed Hussein, Director of Retail Banking ...

 Apr 26 2015 - Egypt- Consumer Protection emphasise maintaining mineral water pricesDaily News Egypt
(MENAFN - Daily News Egypt) As fears over water safety continue, measures are taken to ensuring mineral water prices remain unchanged.The Consumer Protection Department at the Ministry of Supply and ...

 Apr 26 2015 - Egypt- VAT law will raise inflation indicators, reduce purchasing power of consumers: Dcode ChairmanDaily News Egypt
(MENAFN - Daily News Egypt) Chairman of Dcode Economic and Financial Consulting Mohamed Farid expects inflation indicators to rise, while the purchasing power of consumers will be reduced with the ...

more...


 






Google

menafn.com

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help