06.05.2009 - GCC picks Riyadh as seat of proposed central bank
From Khaleejtimes.com: Five Gulf Arab states planning to launch a single currency chose the Saudi capital Riyadh as the location for a regional central bank, Gulf Cooperation Council Secretary General Abdul Rahman Al Attiyah said. The UAE delegation, led by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, expressed reservations over the choice.......Full Article: Source