Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

'GCC must diversify income sources'  Join our daily free Newsletter

MENAFN - Arab Times - 07/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The Gulf Cooperation Council (GCC) Committee of Undersecretaries of Planning and Development Ministries and institutions convened its 30th meeting here, Sunday, in preparation of the 24th meeting of the ministerial committee. Addressing the officials, Secretary General of Kuwait's Higher Planning and Development Council Dr Adel Al- Wuqayan said the region is facing accelerating and swift changes in all fields, including higher education, healthcare, and other areas of human development.



This, he stressed, requires greater attention and more concerted effort that also matches the high rate of increase in population in the GCC and that states increase their peoples' confidence in their own abilities so that they contribute more to regional and international development. The Gulf states constitute a power not to be ignored in today's energy market, he said, but cautioned "the technological advances and repeated calls for a switch to clean energy from renewable resources stands to put a damper on this weight, inevitably." This means it is more vital than ever to seek diversification of sources of national income away from oil and related sectors, "and that is an added responsibility for the planning and development bodies to address." Global political change and upheavals continue to shadow the Gulf economies, he argued, and makes it harder to do risk analysis or draft long-term plans. The way out is to focus on research and draw different scenarios and due reactions in an objective manner to ultimately take sound and well-thought decisions.



As for agenda, the officials address issues including follow up on implementation of comprehensive long-term development strategy (2010-2025), upcoming workshops on improving GCC performance in development and planning, follow up on resolutions of the 23rd GCC Planning and Development Ministerial Committee meeting, and review of memos of the Secretariat on several dossiers and recommendations of specialized committees. An item also high on the agenda is review of member states' progress in the field of bolstering technical and scientific capabilities, specifically related to setting up comprehensive databases and developing best access and usage of the information, as well as automated linkage

 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help