Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

REGIONAL

GCC Monetary Union To Face Further Delay, Kuwaiti Finance Minister Says

Full implantation of the proposed monetary and customs union between members of the GCC may have to wait another three years, Kuwaiti Minister of Finance Mustafa al-Shimali has said. Not all countries are ready, Mr Shimali told reporters in Jiddah on 6 September, noting differences over how revenues from tariffs would be distributed, and the unwillingness of some...