GCC finance ministers meet in Abu Dhabi

Top leaders from the Gulf Arab countries discuss economic development projects in the region
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(L-R) Gulf Cooperation Council secretary general Abdul Latif al-Zayyani, Emirati Minister of State for Financial Affairs Obaid al-Tayer, Bahraini Finance Minister Ahmed bin Mohammed al-Khalifa, Emirati Finance and Industry Minister Hamdan bin Rashid Al Maktoum, Saudi Finance Minister Ibrahim al-Assaf, Qatari Finance Minister Yussef Hussein Kamal, Kuwaiti Finance Minister Mustafa al-Shamali and secretary general of Oman's finance ministry Darwish bin Ismail al-Balushi pose for a group picture during a meeting of finance ministers of oil-producing Gulf Cooperation Council monarchies focusing on economic development projects in the region, in the Emirati capital Abu Dhabi on May 7, 2011 (AFP/Getty Images)
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Saudi Finance Minister Ibrahim al-Assaf (R) arrives with Emirati Finance and Industry Minister Hamdan bin Rashid Al Maktoum to attend a meeting of finance ministers of oil-producing GCC monarchies focusing on economic development projects in the region, in the Emirati capital Abu Dhabi on May 7, 2011. A number of important topics were discussed at the meeting including; the UAE's proposals to develop the GCC Common Market and to document the basic principles of the VAT system, the Qatar initiative regarding the WTO natural gas and the functioning of the Customs information centre as well as establishing the GCC development programme. (AFP/Getty Images)
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Emirati Finance and Industry Minister Hamdan bin Rashid Al Maktoum attends a meeting of finance ministers of oil-producing Gulf Co-operation Council monarchies focusing on economic development projects in the region. (AFP/Getty Images)
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Gulf Cooperation Council secretary general Abdul Latif al-Zayyani attends a meeting of finance ministers of oil-producing GCC monarchies focusing on economic development projects in the region. Bahrain's proposal to establish a GCC fund, and the latest developments in the GCC countries' economic relations with international groups were also discussed (AFP/Getty Images)
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Saudi Finance Minister Ibrahim al-Assaf arrives to attend the meeting. Under the chairmanship of HH Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai and UAE minister of finance, the 90th regular meeting of the GCC Financial & Economic Cooperation Committee was held at the Emirates Palace. (AFP/Getty Images)
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Gulf Cooperation Council secretary general Abdul Latif al-Zayyani (L) and Emirati Finance and Industry Minister Hamdan bin Rashid Al Maktoum attend a meeting of finance ministers of oil-producing GCC monarchies focusing on economic development projects in the region, in the Emirati capital Abu Dhabi on May 7, 2011. (AFP/Getty Images)
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(L-R) Finance ministers Ahmed bin Mohammed al-Khalifa of Bahrain, Hamdan bin Rashid Al Maktoum of the United Arab Emirates and Ibrahim al-Assaf of Saudi Arabia pose for a picture during a meeting of finance ministers of oil-producing Gulf Cooperation Council monarchies focusing on economic development projects in the region, in the Emirati capital Abu Dhabi on May 7, 2011. (AFP/Getty Images)
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(L-R) Finance ministers Ibrahim al-Assaf of Saudi Arabia, Yussef Hussein Kamal of Qatar and Mustafa Al Shamali of Kuwait pose for a picture during a meeting of finance ministers of oil-producing Gulf Cooperation Council monarchies focusing on economic development projects in the region, in the Emirati capital Abu Dhabi on May 7, 2011. (AFP/Getty Images)
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Gulf Cooperation Council secretary general Abdul Latif al-Zayyani (L) and Emirati Finance and Industry Minister Hamdan bin Rashid Al Maktoum attend a meeting of finance ministers of oil-producing Gulf Cooperation Council monarchies focusing on economic development projects in the region, in the Emirati capital Abu Dhabi on May 7, 2011. (AFP/Getty Images)
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A general view shows a meeting of finance ministers of oil-producing Gulf Cooperation Council monarchies focusing on economic development projects in the region. The ninety first GCC Financial and Economic Co-operation Committee meeting will be held in the UAE in October 2011. (AFP/Getty Images)