The Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee held Friday its 109th session in Muscat, Oman, where means to promote joint action in order to increase the benefits of the Gulf common market were discussed. The meeting was held under the chairmanship of Omani Minister in Charge of Financial Affairs Darwish al-Bulushi, who is also the rotational chairman of the Committee, in the presence of the GCC Secretary-General Abdullatif al-Zayyani. During his opening notes, Bulushi asserted the need for uniting efforts towards advancing Gulf economic action, especially amid the current changes in the region and the world, future predictions of the fluctuations in commodities rates of supply and demand, and the rapid development of modern science and technology with the Fourth Industrial Revolution. He noted that this will enable the GCC to strengthen its capabilities and develop its competitive position in the world. The Minister added that everyone looks forward to more achievements and meeting the various challenges facing the member states through coordination and continuous consultation to serve and achieve common interests. He described the meetings as a means for achieving Gulf economic cooperation and an opportunity to exchange views to promote joint economic action. Bulushi reiterated that cooperation of economic and finance ministers in the member states is one of the most important works which meets the needs of GCC citizens. He lauded the tireless efforts of GCC finance ministers in implementing the directives of the GCC leaders. GCC Secretary-General thanked Sultan of Oman Qaboos bin Said, Minister Bulushi, and the Omani government and people for their support for the Gulf joint action and their sincere efforts to strengthen Gulf cooperation. Zayyani praised the efforts of the finance and economy ministers of the GCC countries to enhance cooperation and financial and economic integration among GCC countries. He indicated that since its establishment, GCC has seen many achievements and progress. Following the directives and aspirations of GCC leaders, everyone aspires greater coordination, cooperation and integration in the financial and economic fields, given that it is directly linked to achieving prosperity for the states and their citizens, according to Zayyani. He concluded by saying that members states are required to exert further efforts to remove the remaining obstacles to achieve the desired economic unity.