11 Hrs
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الشرق الأوسط
Al-Badawi: Regional crisis impacts global economies
Jassem Al-Bidawi, Secretary-General of the Gulf Cooperation Council, affirmed that the current repercussions of the crisis in the region are affecting the economies of the Middle East, Europe, and the world. Disruptions in navigation and rising transportation costs are leading to higher prices for commodities, food, and supply chains. He pointed out that the Gulf countries and the European Union possess economic and logistical capacities that enable them to confront these repercussions. Emphasizing the importance of enhancing energy and food security and diversifying transportation routes, including developing infrastructure and linking regional and international networks. He called for joint work in the fields of transportation, trade, and economic cooperation, expressing hope that the second Gulf-European Summit will contribute to strengthening these efforts and advancing dialogue and understanding between the two sides to address the current economic challenges.
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