Ministry of Finance issues its 5th Annual Statistical Report on the Gulf Common Market

ABU DHABI (WAM): The U.A.E. has continued to achieve outstanding results in implementing Gulf Common Market (GCM) decisions, according to figures published in the 5th annual statistical report on the GCM by the Regional and International Financial Relations Department at the Ministry of Finance (MoF). The report focused on a number of areas, including economics, education, and social elements, in addition to the licenses granted to practice economic activities, the total number of registered property contracts and investors in the stock market. The report also revealed the total number of Gulf commercial bank branches operating in the U.A.E., GCC employees in the U.A.E. public sector, the number of insurance policies extended to GCC nationals within the U.A.E., and GCC students enrolled in public and private schools, as well as the beneficiaries of the social and health service within the U.A.E.. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, stressed the Ministry’s commitment to operate in accordance with Federal Government strategy, in order to strengthen the U.A.E.’s position in the GCM. He said, "The Ministry will continue to develop the required infrastructure to provide the best services and facilities, and an attractive investment, economic and social environment for GCC citizens in the U.A.E.." He added, "The report’s statistical and financial figures allow economists and experts to review the qualitative and quantitative developments that have been achieved in the GCM over the past period. This provides them with assurance that the market is moving steadily towards achieving its ultimate objectives in terms of economic prosperity and the social well-being of the GCC nationals." – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395270330616.html