Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman's stand on Gulf Union 'will not hurt key projects'  Join our daily free Newsletter

MENAFN - Arab News - 11/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Oman's reluctance to join the proposed GCC Union will not affect the joint economic projects between the six Gulf states, says a Gulf official. His remarks follows a recent statement by the Omani Foreign Minister.
The official said the details of a project to create a GCC Clearing Organization (financial organization for a unified financial clearing of GCC member countries) will be discussed soon by the committee of the financial and banking sector of the Federation of Gulf Chambers of Commerce.
Abdullah Al-Shibli, GCC assistant secretary general for economic affairs at the General Secretariat of GCC, said a meeting will be held between the secretariat, represented by the economic affairs department and the financial sector of the Federation of Gulf Chambers to discuss the final details of the project to create a GCC Clearing Organization. The discussions will address the nature of systems in GCC financial markets, but the full details will be announced in a later stage.
Al-Shibli said new projects will be launched during the summit meeting of GCC leaders in Kuwait City.
The GCC Clearing Organization will contribute to the enhancement of the GCC markets once it starts to operate, where any Gulf investor can open a single account to smooth the movement of money and contract the differences in currencies.
"Even if Oman declined to join the proposed union, that does not mean the country will exit other joint economic projects," he said.


 


Arab News




  MENA News Headlines
 Aug 31 2015 - Alleged Ansar Beit Al-Maqdis member killed in CairoDaily News Egypt
(MENAFN - Daily News Egypt) student, named as Ahmed Abdel Hakim, was killed Saturday on suspicion of being a member of the extremist group Ansar Beit Al-Maqdis, the Ministry of Interior ...

 Aug 31 2015 - Egypt- To those who will not read these wordsDaily News Egypt
(MENAFN - Daily News Egypt) I've often stared at a blank page recently, just as blankly as the uniform whiteness looked back at me, as I thought how to smear it with something meaningful. My words ...

 Aug 31 2015 - Egypt- Implementation of 3 roads in national plan progressesDaily News Egypt
(MENAFN - Daily News Egypt) The implementation rate of the three EGP 3.5bn roads that are under construction has increased, as part of the national plan for developing the road network, Minister of ...

 Aug 31 2015 - Egypt- Eni invests $7bn to develop Shorouk in 3 yearsDaily News Egypt
(MENAFN - Daily News Egypt) Italian oil company Eni aims to invest around $7bn during three years to excavate the privilege area of Shorouk in the deep waters of the Mediterranean Sea.The petroleum ...

 Aug 31 2015 - Jordan- 8,000 Syrian refugee students in Mafraq schoolsJordan News Agency
(MENAFN - Jordan News Agency) Some 8,000 new Syrian refugee pupils are enrolled in government schools in Mafraq, joining tens of thousands of Jordanian peers in schools in the northern district as ...

 Aug 31 2015 - India- Flipkart customers to get refund within 24 hours nowKNN India
(MENAFN - KNN India) Flipkart customers will now get refunds as early as within 24 hours of returning the product as the e-commerce giant today launched its instant refund mechanism facility. ...

 Aug 31 2015 - 'Make in India' should also focus on 'Make in India Strategies for Indian healthcare': Jitendra SinghKNN India
(MENAFN - KNN India) India's healthcare sector is expected to be USD 280 billion in size by 2020, growing at a compound annual growth rate of 16 per cent, but it is in "dire need" of right policy ...

 Aug 31 2015 - Jordan- King, Abbas discuss efforts to jumpstart Mideast peace processJordan News Agency
(MENAFN - Jordan News Agency) His Majesty King Abdullah II met Palestinian President Mahmoud Abbas Sunday to discuss efforts to kickstart the stalled Palestinian-Israeli peace process and pledged to ...

 Aug 31 2015 - Israeli Occupation Authorities Arrest Two PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Israeli occupation forces today arrested two Palestinians and caused many citizens to suffocate during the suppression of a peaceful demonstration which started in the ...

 Aug 31 2015 - Reliance Group to explore QatarThe Peninsula
(MENAFN - The Peninsula)The Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani meeting Anil Dhirubhai Ambani Chairman of Reliance Group yesterday in Doha. ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help