His Excellency Mr Jasem Mohamed Albudaiwi, Secretary Basic of the Gulf Cooperation Council (GCC), affirmed that many achievements and beneficial properties were realised within the GCC financial and fiscal sphere, strengthening its integration and supporting its monetary steadiness to confront all trends and demanding situations.
This got here all through the a hundred and twenty fifth assembly of the Monetary and Financial Cooperation Committee of the GCC states, hung on Thursday (Would possibly 14, 2026) by means of videoconference, chaired by way of His Excellency Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and Nationwide Economic system of the Kingdom of Bahrain, President of the present consultation, and attended by way of Their Excellencies the Ministers of Finance and Economic system of the GCC states.
At the start of his speech, HE the Secretary Basic prolonged the best expressions of thank you, appreciation and gratitude to His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain and President of the present consultation of the Superb Council, for the amenities and reinforce supplied by way of the Kingdom of Bahrain to verify the luck of the paintings of the Cooperation Council, and for the reinforce and a focus accorded by way of His Majesty to joint Gulf motion, in addition to to Their Majesties and Highnesses, the Leaders of the GCC states throughout all fields.
“Today’s meeting is being held at a critical stage following the blatant Iranian attacks that targeted the GCC states, which require us all to move from the level of traditional coordination to a higher level of practical integration and effective response,” His Excellency said.
He endured: “The rapid crises and growing economic challenges witnessed in the region highlight the urgent need for a conscious response to these developments, and for taking the necessary measures to address their impact on the economies of the GCC states, which have long been characterised by their openness and interaction with the global economy.”
In the similar context, HE the Secretary Basic emphasized the directives of Their Majesties and Highnesses, the Leaders of the GCC states, all through the nineteenth Consultative Assembly, held in Jeddah on April 28, 2026, at the want to expedite the of entirety of the necessities for attaining get admission to to all joint GCC initiatives, together with delivery and logistics services and products, whilst accelerating the implementation of the GCC railway mission and adorning the GCC electrical energy interconnection mission. That is along with finding out the status quo of pipelines for the transportation of oil and fuel, the GCC water interconnection mission, shifting ahead with finding out the status quo of spaces for GCC strategic reserves, and taking into consideration the liquidity reserves of central banks.
He additional commented: “Anyone following the journey of the GCC since its establishment, and the decisions taken within the framework of joint Gulf action, can clearly recognise that diligent efforts have been exerted and that many achievements and gains have been realised in the economic and financial sphere.”
His Excellency added: “In line with the directives and aspirations of Their Majesties and Highnesses, the Leaders of the GCC states, we all aspire to further coordination, cooperation, integration and interdependence across all fields, particularly the financial and economic field, given its direct connection to achieving prosperity and wellbeing for the citizens of the GCC states.”
