TITLE

ECONOMIC INTEGRATION IS KEY FOR GCC STATES

AUTHOR(S)
Kovac, Matt
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/7/2007, Vol. 2 Issue 65, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the importance of monetary union among the Gulf Cooperation Council (GCC) states according to the International Monetary Fund (IMF). According to the IMF, a union among GCC states has economic and political advantages. A single currency would attract more foreign direct investment and result in greater cooperation among member states to solve social and economic problems such as unemployment among others. The challenges in establishing the union are cited.
ACCESSION #
25401630

 

Related Articles

  • Outlook.  // Saudi Arabia Country Profile;2009, p49 

    The article presents forecast of the economic condition in Saudi Arabia. The economy of the country is projected to continue to grow in 2009-2010 driven by strong government and foreign investment. The rising inflationary spiral and decline in oil prices is expected to put pressure on the...

  • Saving monetary union in the Gulf. Dudley, Dominic // MEED: Middle East Economic Digest;Yearbook 2008, p30 

    An excerpt from the January 20-26, 2008 issue of "MEED" is presented.

  • ANALYSIS: IMF warns GCC to cut state spending. WATTS, MARK // MEED: Middle East Economic Digest;11/2/2012, Vol. 56 Issue 44, p25 

    The article mentions a report by the International Monetary Fund (IMF) that warned the Gulf Cooperation Council needs to reduce state spending to avoid the six nations from sinking into a combined fiscal deficit by 2017, and comments that the IMF forecasts a gradual decline of global crude...

  • Monetary union at risk after Emirates withdraws support. Martin, Matthew // MEED: Middle East Economic Digest;5/22/2009, Vol. 53 Issue 21, p10 

    The article offers information on the withdrawal of the United Arab Emirates (UAE) from single currency project of Gulf Co-operation Council (GCC) which had created problem for the monetary union. As reported, the withdrawal of UAE from the single currency plan has reduced the number of...

  • Local rivalries threaten integration. Gavin, James // MEED: Middle East Economic Digest;9/18/2009, Vol. 53 Issue 38, p26 

    The article reports that withdrawal of United Arab Emirates (UAE)' from the Gulf Cooperation Council's (GCC) monetary union project has delivered a major blow to its pretensions of becoming an economic superpower. The exit from the project was triggered when the council decided to locate the GCC...

  • RISK SUMMARY: ALGERIA.  // Africa Monitor: North Africa Monitor;Nov2007, Vol. 12 Issue 11, p7 

    The article outlines the risks in the political, economic and business environments of Algeria. A report published by the International Monetary Fund suggested that unemployment rates in the country could become the highest in the Middle East and North Africa region. Algeria posted a $19.5...

  • Why not delay? Curtis, Brownwyn // International Economy;May/June97, Vol. 11 Issue 3, p22 

    Opinion. Discusses the prospect of an economic and monetary union (EMU) within the European Union with reference to the International Monetary Fund's (IMF) release of its World Economic Outlook document. IMF's choice of truth over political expediency; How suitability of EMU candidates will be...

  • Views from France.  // Banker Middle East;Sep2014, Vol. 165, p48 

    The article discusses the 2013 report on job-creating foreign investments in France from Invest in France Agency (IFA), the agency responsible for promoting foreign investments, which reveals that the country continues to attract investments from the Gulf Cooperation Council (GCC) countries.

  • Ripe For Investment.  // Global Finance;Jul/Aug2012, p40 

    The article reports on the foreign direct investment and infrastructure development projects for Gulf Cooperation Council (GCC) countries.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics