Meltdown tops GCC summit agenda |
|
Network this!
Sunday, Dec 28, 2008
Gulf News
Muscat/Riyadh: The fallouts of the global financial crisis, the GCC monetary union and the unified railways are expected to dominate the two-day 29th Gulf Summit, starting in Muscat on Monday.
The summit will also look into falling oil prices and sea piracy in the Gulf of Aden, Gulf officials told Gulf News.
The summit will be "a new start in GCCGCC
cooperation in all sectors," GCCGCC Secretary General Abdul Rahman Bin Hamad Al Attiyah, told reporters at the end of the second meeting of the GCCGCC Parliamentary representatives in Muscat recently.
Several leading GCCGCC officials and economic analysts expressed confidence that the six GCCGCC states, which are among the least affected countries of the financial crisis, would easily overcome the effect of meltdown through the year 2009, thanks to the huge surplus of oil revenues they had earned in the recent past.
Speaking yesterday to the London-based Al Hayat newspaper, Al Attiyah said that the financial crisis will be on top of the agenda of the summit. "The leaders would review the topic and underline the need for working out a common approach in tackling the issue," he said.
Gulf leaders are also expected to approve the final draft of a monetary union agreement, as well as the charter outlining the powers of a common monetary council that would become the region's central bank. All Gulf states except Oman are planning to launch a single currency by a 2010 deadline.
The other important subject to be discussed is of employment market in the region and how to tackle the problems of unemployment among the GCCGCC youth, Al Attiyah said.
UAE Delegation: Khalifa leaves on Monday
President His Highness Shaikh Khalifa Bin Zayed Al Nahyan will leave on Monday for Muscat to participate in the 29th GCC Summit, which will be held on December 29 and 30.
The President will be accompanied by a high-level delegation that will include Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince, Lieutenant General Shaikh Saif Bin Zayed Al Nahyan, Interior Minister, Shaikh Mansour Bin Zayed Al Nahyan, Minister of Presidential Affairs, and Shaikh Abdullah Bin Zayed Al Nahyan, Foreign Minister.
The delegation will also include Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Ahmad Juma Al Za'abi, Deputy Minister for Presidential Affairs, and Mohammad Ali Al Usaimi, UAE Ambassador to Oman.
- WAM
© Gulf News 2008. All rights reserved.
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Tender Notice | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Dubai Natural Gas Company | UAE | Gas |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |