Saudi FM: robust rises mainly motivated by financial improve...| MENAFN.COM

Wednesday, 07 December 2022 10:49 GMT

Saudi FM: robust rises mainly motivated by financial improvements


(MENAFN) President of the Gulf Cooperation Council are eager to see the group accomplish “the highest levels of economic integration,” as stated by Saudi Finance Minister Mohammed Al-Jadaan.

While giving his speech at the 117th Conference of the GCC Financial and Economic Cooperation Committee in Riyadh on Monday, Al-Jadaan emphasized the necessity of creating a Gulf joint market for the support of the GCC people.

He stated that the economies of the GCC nations are not safe from the impact of the financial crises the across the whole world but they challenge such problems by implementing a positive approach.

He stated that “Yes, we are benefiting from higher oil prices, but the strong growth we are seeing is primarily driven by the reforms we have implemented.”

The Saudi finance minister mentioned that the worldwide economy is dealing with huge obstacles, whereas the impacts of the pandemic stay, provision chain problems continues, energy and food markets are on a decline, with inflation hiking to its peak rates in many years.

MENAFN04102022000045014228ID1104965195


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.