The GCC wrapped-up its two-day summit in Manama yesterday with a statement that restated the bloc's commitment to monetary union.
The Sakhir Declaration read out by the GCC secretary general Abullatif Rashid Al Zayani said the GCC nations were "highly appreciative" of steps taken to implement the timetable for achieving the common Arabian Gulf market, "especially in the areas of movement and residence for GCC nationals, the practice of trades and professions, movement of capital, tax measures ... employment in government and private sectors, and social insurance and retirement".
The GCC's collective GDP last year was around US$1.37 trillion (Dh5.03tn).
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