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نبيل يعقوب الحمر

GCC to Allow Citizens to Own Shares of Joint-stock Companies


Cooperation Council Logo
Cooperation Council for the Arab States of the Gulf Logo

Today, the decision of the Supreme Council of the Gulf Cooperation Council, which was issued in Bahrain at its ninth session, to allow citizens of the region to own shares of joint-stock companies and transfer their ownership, comes into effect.

With the entry into force of this decision, the confidence of the Gulf citizen in the capabilities of the Cooperation Council towards economic integration and unity, which was included in the Unified Economic Agreement, will be strengthened.

Despite the many obstacles and problems that faced the unified economic agreement, and the slowness of its implementation procedures, and even its misunderstanding by some of the member states of the Council, the determination of the leaders and peoples of the GCC countries to reach the determination and determination towards economic integration within different time plans. It was sufficient to remove all barriers and obstacles that stood in the way of implementing this important agreement for the peoples of the region.


Although we note that economic plans are moving forward, ambition goes beyond constructional expressions and hopes to find in the whole region unified customs procedures, unified five-year plan, unified prices and unified currency, and most importantly the real Gulf market that truly makes us feel that we are the people of one nation, made by the torments of the sea and voyages. Long toil in search of pearls.


The ambition of the people of the Gulf, as we can see, is not an impossible ambition!

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