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Gulf leaders endorse unified rules for financial markets integration
December 11, 2013, 1:27 pm

In pursuit for full economic integration among the Gulf Cooperation Council (GCC) member states, the Gulf leaders approved in the conclusion of their 34th Summit in Kuwait Wednesday a series of rules to complete integration among Gulf financial markets.
"The Supreme Council of the Gulf Cooperation Council (GCC) endorsed a number of unified rules for integration of the financial markets of the member states," read the final statement of the 34th Summit of the Gulf Cooperation Council.

The Gulf leaders also have reviewed developments in the implementation of the joint Gulf projects. "The Council reviewed the follow-up reports of water linkage and security project. It was also briefed on the work on establishment of the monetary union of the GCC states and the measures taken to create the Gulf common markets. The Council was also apprised off the start of the Gulf railway ... to be completed in 2014 to pave the way for launching and operating it by 2018 as scheduled," added the statement.
The leaders lauded the steps taken to implement its resolutions relevant to the joint action within the framework of the economic agreement.

"The Council also underlined the necessity of going ahead with the plans to achieve integration in all economic aspects." The leaders also expressed "comfort to steady economic growth of the GCC member states and what they achieved of comprehensive development in all fields.

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