Saturday 28 June 2014

GCC talking to UAE, Oman on monetary union: Kuwait - Emirates 24/7

GCC talking to UAE, Oman on monetary union: Kuwait - Emirates 24/7:



"Gulf oil produces who are members of the monetary union are talking to the UAE and Oman in a bid to persuade them to join the union, Kuwait’s finance minister said in press comments on Saturday.



Anas Al Saleh said the monetary union members — Kuwait, Saudi Arabia, Qatar and Bahrain — have been  involved in negotiations with the two countries to expand the union which was launched in 2010.



He told the Saudi Arabic language daily 'Al Eqtisadiah' that the four members are pushing ahead with the monetary union but said some “technical points” need to be cleared."



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