Saudi Minister of Finance Mohammed Aljadaan led the Kingdom’s delegation at the 125th meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council countries, which took place virtually on May 14. The session was chaired by Bahrain’s Minister of Finance and National Economy, Shaikh Salman Al Khalifa, with finance ministers from other GCC member states and the Secretary-General of the Gulf Cooperation Council also in attendance.
The committee gathered to discuss ways to enhance financial and economic cooperation among GCC countries. Topics included progress on the GCC Customs Union, adoption of an action plan for the Gulf Joint Market Committee covering 2026 to 2028, and guidelines for participation in international events.
Regional developments were also addressed during the meeting. The participants discussed potential implications these changes could have on member states and explored strategies for strengthening joint coordination in response.
The discussions reflect ongoing efforts by GCC nations to work together on key economic initiatives as well as respond collectively to challenges affecting their region.
As regional dynamics continue to evolve, officials indicated that continued collaboration will be important for addressing future challenges facing Gulf economies.
