VOL. XLI
No. 26
29-June-1998
SAUDI ARABIA
Saudi Arabia Allows Other GCC Banks To Operate In The Kingdom
Building on the precedent set by Oman and the United Arab Emirates earlier in the year,the General Secretariat of the Gulf Cooperation Council (GCC) announced that SaudiArabia's Ministry of Foreign Affairs has agreed to adopt a GCC resolution taken at thelast Council Summit. On 21 June, the Saudi authorities agreed to permit GCC membernational banks and the Gulf International Bank (owned by...
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