Al Marzouqi Appointed General Coordinator for Negotiations and Head of GCC Negotiating Team

Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi meets with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, in Riyadh on Wednesday. (GCC)
Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi meets with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, in Riyadh on Wednesday. (GCC)
TT
20

Al Marzouqi Appointed General Coordinator for Negotiations and Head of GCC Negotiating Team

Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi meets with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, in Riyadh on Wednesday. (GCC)
Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi meets with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, in Riyadh on Wednesday. (GCC)

Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi held talks on Wednesday with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, on the occasion of his appointment.

The GCC Ministerial Council had on March 22 issued a decision to appoint Al Marzouqi, Saudi Arabia’s candidate, as General Coordinator for Negotiations and Head of the Negotiating Team of the GCC.

Meeting at the GCC General Secretariat in Riyadh, Albudaiwi congratulated Al Marzouqi on his appointment, wishing him success in carrying out his duties in advancing Gulf trade negotiations in a manner that meets the aspirations of the leaders and people of the GCC.

The officials also discussed the need to seize Gulf achievements in line with the provisions of the economic agreement. They underlined the ability of GCC countries to play a major role as an economic engine through strategic partnerships and free trade negotiations with a number of countries, regional blocs, and other economic and international groups.

They also stressed the means to accelerate the pace of partnerships to help advance growth and Gulf economic integration, through plans, visions and development programs.

Al Marzouqi expressed his gratitude to Albudaiwi and Gulf foreign ministers for the confidence in appointing him as the General Coordinator for Negotiations.

Al Marzouqi had previously worked as a Chief Economic Advisor at the Saudi Ministry of Economy and Planning. He worked as a faculty member at the Prince Saud Al Faisal Institute for Diplomatic Studies, and a collaborating expert with the International Monetary Fund.

He has also held several leadership and administrative positions in the government and private sectors, as well as international and regional organizations, the most recent of which was the position of CEO of the Gulf Monetary Council.

Al Marzouqi holds a PhD in Economics from Oklahoma State University-Stillwater, a Master's degree in Applied Mathematical Economics from the University of Michigan in Ann Arbor in the United States, and a Bachelor's degree in Economics from King Saud University in Riyadh.



Japan Cautions about Uncertainty from Trump Trade Policies

 Cyclists ride through an intersection as the Tokyo Skytree (C-behind) looms in the background in the Minowa area of Tokyo on April 15, 2025. (AFP)
Cyclists ride through an intersection as the Tokyo Skytree (C-behind) looms in the background in the Minowa area of Tokyo on April 15, 2025. (AFP)
TT
20

Japan Cautions about Uncertainty from Trump Trade Policies

 Cyclists ride through an intersection as the Tokyo Skytree (C-behind) looms in the background in the Minowa area of Tokyo on April 15, 2025. (AFP)
Cyclists ride through an intersection as the Tokyo Skytree (C-behind) looms in the background in the Minowa area of Tokyo on April 15, 2025. (AFP)

Japan's government warned of uncertainty over the impact of US trade policies as tariffs could hurt the global economy but it also said in a monthly report on Friday that the domestic economy was recovering moderately thanks to a solid corporate sector.

Tokyo also said the downside risks to its economic outlook were growing due to US President Donald Trump's tariffs and it warned of the impact of market volatility.

President Trump touted "big progress" in tariff talks with Japan on Wednesday, although it was only the one of the first rounds of face-to-face talks since he announced a barrage of duties on global imports, rocking markets and stoking recession fears. The two nations plan to hold a second meeting later this month.

"The economy is recovering moderately, while uncertainty is arising from US trade policies," Japan's Cabinet Office said in its monthly report for April, issued on Friday.

The government expects the economy to continue recovering but higher US tariffs could impact Japan via trade and market turmoil, it said.

"It is necessary to be more vigilant than before about the impact on the domestic and international economies," an official at the Cabinet Office said.

While consumer sentiment was weakening due to higher inflation - notably for daily necessities such as food, private consumption, which accounts for more than half of the economy, showed signs of picking up, the report said.

The government cut its view of corporate sentiment for the first time since March 2022, saying it was "almost flat" after a Bank of Japan survey showed big manufacturers' business sentiment worsened to a one-year low in the three months to March.