UAE supportive of Gulf monetary union - Al Attiyah

19/05/2009 – Gulf News – The UAE, which has expressed reservations over a decision to base the Gulf central bank in Saudi Arabia, has however upheld support for monetary union plans in the region, the GCC said on Sunday.
GCC Secretary-General Abdul Rahman Al Attiyah said the secretariat was urging Gulf states to meet a year-end deadline to ratify key monetary union agreements approved by the region’s leaders in December.
‘They are supportive,’ Al Attiyah said when asked about the UAE’s reservations over the decision to base the joint central bank in Riyadh.