No. 02



GCC Agrees To Common Currency Denominator But To Little Else

After years of debate and an initial economic agreement between Gulf states signed in 1981, the member countries of the Gulf Cooperation Council (GCC) moved one step closer to a common market with the approval of moves towards unifying their currencies at the 30-31 December GCC summit. However, this was a small step which disappointed those who were expecting the organization to build on the...