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Wednesday, 25 November 2009 05:54 UAE time

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Monetary union deal set to be signed on June 7

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 31 May 2009

Gulf Arab states will sign an agreement for monetary union on June 7, the Gulf Cooperation Council (GCC) secretary-general said in remarks published on Sunday in Saudi business paper Al-Eqtisadiah.

Abdul-Rahman al-Attiyah was speaking at a meeting of the GCC finance ministers in Muscat.

The UAE, the second-largest Arab economy, broke ranks with Saudi Arabia, Kuwait, Qatar and Bahrain last month by withdrawing from the single currency plan in protest of a May 5 decision to base the joint central bank in the Saudi capital, Riyadh. (Reuters)

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  1. Dubai's Oct property sales value rises by 50% - official 05
    24 Nov ' 09 at 19:36
    These numbers can be very deceptive. If one house sold in the previous month, 2 houses selling the next month will give you a 50 %...   More  »
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    24 Nov ' 09 at 12:46
    Trick them!Posted by Manish, Dubai - WHAT AN EXCELLENT IDEA - WHY NOT GIVE SOMEONES NUMBER IN ONE OF THE TELECOM'S DUOPOLYSURE WHEN...   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 04
    24 Nov ' 09 at 13:42
    Obesity is on rise in every part of the world but especially in Gulf region especially due to life style changes.We all need to...   More  »

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