GCC central bank idea to figure in Dubai talks

The proposal to create a central bank representing all the Gulf Cooperation Council states will top the agenda of a major "GCC Banking Forum" to be organized in Dubai by the six Gulf states on 12 January 2003. The event will also address other key issues faced by the banking industry especially after 11 September terror attacks in the United States.

The GCC national banks and financial institutions are seriously considering the merits and demerits of setting up a GCC central bank. Hence, the

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