FAB welcomes outcomes of GCC Summit

AMMAN — The Amman-based Federation of Arab Businessmen (FAB) has welcomed the outcomes the Gulf summit held in Saudi Arabia and its emphasis on strengthening joint Arab cooperation, the Jordan News Agency, Petra, reported.

In a press statement issued on Wednesday, the FAB expressed hope that the Gulf reconciliation would be reflected on the flow of inter-Arab investments and increase the volume of joint Arab trade exchange, especially amid the "exceptional" circumstances that the Arab world is experiencing politically, socially and economically.

FAB President, Hamdi Taba'a, said the “Al Ula Declaration” on the occasion of the 41st session of the Gulf Cooperation Council (GCC) summit supports all Arab countries' economy, due to the economic importance of the GCC bloc at the Arab level.