Finance Minister affirms GCC resilience

The Minister of Finance and National Economy of Bahrain praised the Gulf Cooperation Council (GCC) countries for their confirmed ability to effectively and efficiently address economic challenges and global changes. During the meeting of the Preparatory Committee for the Economic and Development Affairs Authority at the ministerial level, he emphasized that the member states have demonstrated high resilience thanks to their strong economic ties and prudent fiscal policies, despite the challenges posed by regional and international circumstances, such as the hostile actions by the Iran-backed Houthis against Saudi Arabia. These actions are a violation of international law and pose a threat to security and stability in the region. He underscored the importance of enhancing economic cooperation and integration among GCC countries through expanding free trade agreements and developing Gulf infrastructure projects, to ensure sustainable development and respond to crises more effectively.

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