Muscat, The GCC ministers of finance and

economy held their 110th meeting of the Financial and Economic

Committee at Al Bustan Palace Hotel in Muscat today under the chair

of Darwish bin Ismail al-Balushi, Minister Responsible for Financial


Al-Balushi pointed out in a speech that the international economy

recently witnesses rapid developments and new challenges that

require the GCC countries to keep pace with these developments and

facing those challenges through unifying the efforts and enhancing the

GCC joint economic work to reach integrated prospective economy and

achieve aspirations of the GCC peoples.

On his turn, Dr. Abdul Latif bin Rashid al-Zayani, GCC

Secretary General expressed his sincere thanks and appreciation for

the Sultanate's support to the GCC joint action march, as well as for

the sincere efforts in enhancing the GCC cooperation to achieve further

integration among the GCC countries in various fields.

The meeting discussed several topics relating to the joint

financial and economic cooperation and the GCC common market. It

also discussed several recommendations raised by the GCC

Committee of Governors of Monetary Institutions and Central Banks,

the GCC Customs Union and the GCC Tax Authorities upon which

appropriate decisions were taken.

Source: Oman News Agency