Quotes: 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

 


Arab Times




  MENA News Headlines
 Sep 4 2015 - Israeli forces may get freer hand to shoot stone-throwersGulf Times
(MENAFN - Gulf Times) Israel is considering giving its security forces a freer hand to shoot at young Palestinian stone-throwers, Prime Minister Benjamin Netanyahu's office said yesterday. Under ...

 Sep 4 2015 - UAE- Troubled Dubai gold retailer seeks time to repay $136 mn debtsGulf Times
(MENAFN - Gulf Times) A Dubai-based gold and jewellery retailer that defaulted on loans worth about 500 million dirhams ($136 million) has asked banks for time to put together a repayment plan, the ...

 Sep 4 2015 - Saudi carries out 130th execution this yearGulf Times
(MENAFN - Gulf Times) Saudi authorities put to death a convicted murderer on Thursday, bringing to 130 the number of executions in the kingdom so far this year, according to an AFP tally.Saudi ...

 Sep 4 2015 - Father of drowned Syrian toddlers to take bodies homeGulf Times
(MENAFN - Gulf Times) The distraught father of two Syrian toddlers who drowned with their mother and several other migrants as they tried to reach Greece identified their bodies on Thursday and ...

 Sep 4 2015 - Palestine- Contractors damage ancient sarcophagusGulf Times
(MENAFN - Gulf Times) Israeli authorities have recovered a Roman-era sarcophagus that construction workers sought to hide after digging it up at a building site, officials said yesterday. The ...

 Sep 4 2015 - Qatar- Jeep Cherokees recalled over airbag defectsGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC), in collaboration with United Cars € Al Mana, the dealer of Jeep in Qatar, has announced the recall of Jeep Cherokee 2014-2015 models ...

 Sep 4 2015 - Qatar- Boost for Ooredoo SupernetGulf Times
(MENAFN - Gulf Times) Ooredoo's network enhancement project for its "Supernet" has made "significant progress" with the addition of 21 new sites across the country and the successful upgrade of 400 ...

 Sep 4 2015 - Qatar- Tax authorities' association to meetGulf Times
(MENAFN - Gulf Times) Qatar's Ministry of Finance will host the 12th Technical Conference of the Association of Tax Authorities of Islamic Countries (ATAIC) from September 6 to 10. The five-day ...

 Sep 4 2015 - Qatar- Mobile ATMs 'to benefit migrant workers'Gulf Times
(MENAFN - Gulf Times) Ahlibank is planning to deploy mobile ATM machines in labour camps and locations where many migrant workers congregate as part of its efforts to support Qatar's new Wage ...

 Sep 4 2015 - Qatar- Start early to avoid traffic rush, Doha motorists advisedGulf Times
(MENAFN - Gulf Times) Doha residents have been advised to start early, opt for car pooling and take alternative routes wherever traffic diversion has been put in place, as the schools start the next ...

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

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