INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

GCC meeting discusses trade challenges, unified market

The Gulf Cooperation Council (GCC) held a meeting on tackling the challenges faced by the trade between the countries.
  • The 64th meeting between Gulf Cooperation Council (GCC) Trade Cooperation Committee and Committee for Standardization Affairs was attended by the GCC ministers of commerce
  • The commerce and industry ministers held a consultative meeting with the heads of the federations of the GCC chambers to discuss opportunities to enhance cooperation

Muscat, Oman – The Gulf Cooperation Council (GCC) countries met here on Thursday to address the obstacles affecting inter-country trade and to discuss the establishment of a common market.

The 64th meeting between Gulf Cooperation Council (GCC) Trade Cooperation Committee and Committee for Standardization Affairs was attended by the GCC ministers of commerce and industry and GCC Secretary General Jassim Mohammed Al-Budaiwi. 

The countries also discussed negotiations with other countries and international blocs. 

The Committee for Standardization Affairs reviewed its workflow and emphasized the need for cooperation in standardization fields. 

The commerce and industry ministers held a consultative meeting with the heads of the federations of the GCC chambers to discuss opportunities to enhance cooperation in the fields of business incubators, commercial franchising, and supply chains. 

Saudi Minister of Commerce Dr. Majid Abdullah Al-Qasabi held bilateral meetings with Qatar’s Minister of Commerce and Industry Sheikh Mohammed bin Hamad Al-Thani and Kuwait’s Minister of Commerce and Industry Mohammed Al-Aiban. 

The meeting underscored the importance of ensuring imported and exported products comply with sound technical requirements to enhance the competitiveness of Gulf products.