VOL. XXXVIII

NO. 2

10-OCTOBER-1994

Financial and Banking News

Investment Activities

GCC Drops Secondary And Tertiary Boycott Of Israel

The six-nation Gulf Cooperation Council (GCC) - Saudi Arabia, Kuwait the UAE,Oman, Bahrain and Qatar - announced on 30 September that it will no longerenforce the secondary and tertiary aspects of the Arab League's boycott ofIsrael and will support moves to lift the boycott entirely. Welcoming the GCCdecision, the US Secretary of State, Mr. Warner Christopher, said...