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Tuesday, 11 May 2010
GCC works to bridge gaps in road to union
The road is often bumpy, beset by regional politics. Oman and, more importantly, the United Arab Emirates have opted out of a long-awaited currency union . Diplomatic spats, including a hushed-up naval skirmish between Saudi Arabia and the UAE, continue to blight relations.
Yet since the GCC was established in 1981, partially as a response to the Iranian revolution and the Iran-Iraq war, vital steps have been taken towards closer economic ties.
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