Wednesday, December 5, 2007

GCC Aims for Greater Integration

by Abu Zainab from Arab News (Saudi Arabia)

The Riyadh Summit had issued a resolution for conducting a joint study to assess the feasibility of GCC-member states developing nuclear energy for peaceful purposes. Since the demand for power and desalinated water was increasing at a rapid rate in the region. “The situation in the region would top issues at the Summit. GCC leaders would also discuss the situation in Iraq, Iran’s nuclear program, the Middle East peace process and the developments in Sudan and Somalia,” GCC Secretary-General Abdul Rahman Al-Attiyah told reporters ... There were serious discussions among member countries on whether to ride out the tumbling US dollar or sever currency pegs. The UAE said it could consider revaluing after talks with other GCC members. “We will do that after consulting with GCC colleagues,” UAE Foreign Minister Sheikh Abdullah ibn Zayed Al-Nahayan told reporters. A GCC official said the draft summit statement did not make any reference to the issue.

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