GCC and Türkiye Launch Talks for New Free Trade Agreement
The Gulf Cooperation Council (GCC) and Türkiye are beginning talks to create a free trade agreement, aimed at strengthening their economic relationships.
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This development was marked by the signing of a preliminary agreement by GCC Secretary General Jasem Mohamed Albudaiwi and the Republic of Türkiye’s Minister of Trade, Dr. Omer Bolat, signaling the commencement of negotiations for a Free Trade Agreement (FTA).
According to Albudaiwi, this step reflects the strong and strategic alliance between the GCC countries, including the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman, and Türkiye and demonstrates a successful model of regional and international collaboration in commerce, economy, and finance.
Albudaiwi also highlighted the importance of this cooperation, emphasizing how it serves to strengthen economic ties between Türkiye and the GCC, with both parties keen on further collaboration to broaden trade and investment.
He underscored the GCC countries’ commitment to pursuing free trade discussions with various nations as a strategy to enhance trade opportunities, foster economic cooperation, and broaden market access for their products and services. This effort aligns with the GCC’s goals to diversify income sources and promote economic growth.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Ensuring comprehensive health care and fostering innovation and job growth within the health sector.
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The Council of Health Insurance and the Saudi Insurance Authority began implementing this decision, requiring employers to provide insurance for domestic workers if their number exceeds four.
The general requirements for applying benefits and coverage under the policy include submitting a medical disclosure form, obtaining approval from the health insurance company, and insuring all workers.
This mandatory health insurance initiative is part of the Council of Health Insurance and the Insurance Authority‘s efforts to ensure comprehensive care, prevention, justice, transparency, and excellence in performance for all stakeholders.
The decision aims to achieve comprehensive health care, sustain health coverage, and encourage health insurance companies and healthcare providers to develop new products and create job opportunities in medical and non-medical specialties.
Iman Al-Tariqi, the official spokesperson of the Council of Health Insurance, explained that the domestic workers’ insurance policy covers primary care, public health, emergency cases, hospitalization without a deductible, emergency treatments for clinics with unlimited visits, vaccinations, and examinations.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
