08.06.2009 - Four Gulf states sign monetary union pact
From Tradearabia.com: Four Gulf states signed a pact on Sunday creating a pared-down monetary union with Saudi Arabia at its centre, after the United Arab Emirates became the second country to abandon the project last month. The ceremony was attended by foreign and finance ministers and central bank governors of the Gulf Cooperation Council (GCC) states in the Saudi capital Riyadh.......Full Article: Source