GCC members demonstrate crisis resilience
The activities of the 126th meeting of the Gulf Cooperation Council's Financial and Economic Cooperation Committee in Manama focused on emphasizing the ability of the Gulf countries to effectively handle various crises while maintaining the strength of their economies. Secretary-General Jassim Badioui explained that the member states have continued to enhance sustainability and financial efficiency, diversify revenue sources, and develop risk management tools, enabling them to respond flexibly to geopolitical challenges and global market fluctuations. The meeting also highlighted that the GDP of the member countries amounts to approximately $2.5 trillion, and that foreign assets totaling $829 billion cover about 11 months of imports. Inflation remained stable at 2.1% in May 2026. The importance of accelerating the completion of requirements for the Customs Union and the Gulf Common Market was stressed to strengthen economic integration and respond to external challenges.
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