This is mainly due to the structural features of these banks, including their strong commercial franchises and the support they receive from their governments.
The United Arab Emirates, represented by the Ministry of Finance, participated in the 68th meeting of GCC Undersecretaries of Ministries of Finance Committee, which was held in Muscat, Oman.
Countries in the GCC are witnessing accelerated cloud adoption, aided by ongoing investment by cloud providers and the continued need for remote working arrangements, the International Data Corporation
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired the virtual meeting of the Industrial Cooperation Committee of the Gulf Cooperation Council on Thursday.
"With great sadness and sorrow, we mourn... the death of Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait," said Sheikh Ali Jarrah Al-Sabah, the minister in charge of royal affairs, in a television broadcast.
The UAE appreciates the efforts of Kuwait and the American endeavour towards strengthening solidarity in the Arab Gulf, and supports the Saudi’s efforts on behalf of the four countries, and affirms that the relations of the Gulf Cooperation Council with brotherly Egypt are an essential pillar in preserving Arab security and stability in the region.
Al Zari appealed to vehicle drivers to adhere to driving rules, follow traffic signs, adhere to specified speeds and leave sufficient distance, to avoid fatal accidents.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, received, on behalf of President His Highness Sheikh Khalifa Nin Zayed Al Nahyan, an official invitation letter to the 41st Gulf Cooperation Council (GCC) Summit, set to be held in Riyadh, Saudi Arabia, on Jan.5, 2021.
Health Minister Ahmed Al Saidi, one of the first citizens to get a jab at a Muscat clinic, said priority would be given to front line health workers and people who are considered to be vulnerable.