iPhone | iPad
Android
Huawei
Anna hopes to be remembered by fellow club members as a welcoming, warm-hearted, and fun-loving individual
KT APPDOWNLOAD
GCC Official Optimistic on Monetary Union
ABU DHABI - The Assistant Secretary General at the Gulf Cooperation Council (GCC) Secretariat Mohammed Al Mazroui has said that he was optimistic on the formation of the GCC Monetary Union by 2010
When contacted by Khaleej Times here he hailed the decision of the just-concluded GCC summit ‘landmark development in the efforts to form the GCC Monetary Union’.
“With this decision we will step up our efforts to form the Monetary Union. We will try our best to achieve the goal of forming the union by 2010. We will increase the frequency of the meetings of the monetary committee of the GCC. At present we are meeting four to five times a year. May be we will increase it to
Replying to questions Mazroui said the GCC Monetary Council can be formally launched only after the individual member countries ratify the agreement arrived at in
“We have not fixed a time-table for the ratification of the agreement by the GCC member countries,’’ he said in reply to a question.
Asked whether the GCC countries will be able to sort out the issues like location of the proposed GCC Central Bank and unified monetary policies, he said, “I think it is possible to arrive at a consensus on such issues.’’ He however said it was for the proposed Monetary Council to decide what should be the exchange rate regime for the unified GCC currency.
· ramavarman@khaleejtimes.ae
More news from
In India, where tickets went on sale this week, unauthorised resellers are already scalping tickets for up to Dh27,000 — a staggering 1,655% increase
At least 23 people died across central Europe this week due to the worst floods the region has seen in two decades
The 26-year-old will be the firm favourite for the Beijing crown in the absence of holder Iga Swiatek
Fernando missed out on a spot in the playing XI for the first Test, which Sri Lanka won comfortably by 63 runs
Taking a closer look at the contenders who are solidly in the mix and those who are still vying for position at the business end
Full scale war is not in anyone's interest, even if situation has escalated, a diplomatic solution is still possible, says US President
Yemen's Houthis have been attacking shipping in the Red Sea in protest against Israel's bombardment of Gaza