Primarily, Oman joined a key GCC meeting in Kuwait to strengthen GCC economic integration across finance, trade, and cooperation. This session helped prepare for the next Financial and Economic Cooperation Committee meeting. Gulf nations united to advance shared economic goals.
Abdullah Salem Al-Harthy, Undersecretary at Oman’s Ministry of Finance, headed the Omani delegation. He met Gulf finance leaders to exchange updates and align regional plans. Therefore, the meeting played a key role in advancing unified Gulf financial cooperation.
Meanwhile, officials reviewed key outcomes from central bank, tax, and customs committee meetings. In addition, they assessed progress made by the Common Market Committee. These groups continue to drive the region’s plans for deeper GCC economic integration.
Moreover, discussions included updates on free trade negotiations and economic development projects. These efforts fall under the Economic and Development Affairs Authority. Furthermore, delegates focused on the signing process for the GCC Payment Linkage Agreement.
Similarly, this agreement will connect payment systems across member states. As a result, it will improve cross-border payments and promote broader Gulf economic cooperation. Delegates confirmed that preparations are moving forward steadily.
Later on, finance officials reviewed the current progress of the GCC Economic Integration Program. They examined milestones reached and identified remaining challenges. Additionally, past committee decisions guided the evaluation process.
Each country shared a report showing how national plans align with shared goals. These reports highlighted strengths and also revealed areas needing more coordination. Hence, cross-border alignment in banking, trade, and regulation became a top priority.
In addition, officials discussed ways to improve digital transformation and transparent data exchange. These areas play a vital role in the success of GCC economic integration. Strong digital foundations will support future financial collaboration.
Oman confirmed its strong support for regional financial alignment. The country emphasized its willingness to back upcoming collaborative efforts. Clearly, Oman stays committed to strengthening collective Gulf economic progress.
In conclusion, the meeting helped build momentum for future collaboration. Gulf countries agreed to maintain progress on GCC economic integration through continued coordination and shared responsibility.
