On Thursday, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, led the Kingdom’s delegation at the 121st meeting of the Gulf Cooperation Council’s Financial and Economic Cooperation Committee in Doha, Qatar. According to the Saudi Press Agency, chaired by Qatar’s Finance Minister, Ali bin Ahmed Al-Kuwari, the meeting included other Gulf finance ministers and GCC Secretary-General Jassim Mohammed Al-Budaiwi.
The ministers discussed enhancing financial and economic cooperation among GCC countries and reviewed the Undersecretaries of Ministries of Finance Committee recommendations. They also examined the progress of the GCC Customs Union Authority, focusing on activating its work and granting it necessary powers.
Al-Budaiwi highlighted the committee’s significant role in promoting cooperation and integration among GCC countries in financial and economic fields.
Saudi Arabia and Qatar Sign Agreement to Prevent Double Taxation
Saudi Arabia and Qatar have signed an agreement to prevent double taxation and tax evasion. Saudi Finance Minister Mohammed Al-Jadaan and his Qatari counterpart Ali Al-Kuwari signed the deal in Doha.
Al-Jadaan stated that the agreement aims to enhance legislative coordination, boost bilateral trade, and attract investment. Al-Kuwari emphasized the agreement’s importance in promoting transparency and cooperation in taxation and economic relations.
