Gulf Cooperation Council summit to focus on Iran, common currency

Mon, 06 Dec 2010

Abu Dhabi, UAE - The Gulf Cooperation Council (GCC) opened its annual summit in Abu Dhabi Monday, with member states expected to focus on security concerns over Iran and a move towards a unified currency.

The two-day meeting is to specifically address the issue of Tehran's nuclear program and the long-standing territorial dispute between the United Arab Emirates (UAE) and Iran over three islands in the Persian Gulf.

The GCC is comprised of the UAE, Kuwait, Saudi Arabia, Bahrain, Qatar, and Oman.

The meeting comes a day after the UAE announced it would upgrade its missile defense system.

"The threat of attack of long-range ballistic missiles is real," the deputy chief of the UAE Armed Forces, Major General Mohamed Suhaih al-Kaabi said Sunday.

Classified documents released by online whistleblower WikiLeaks last week revealed that Saudi Arabia's King Abdullah encouraged Washington to attack Iran's nuclear facilities, which lie in close proximity to the GCC members.

Summit delegates are expected to pick up on the question of the need for unified currency, which was agreed a year ago, but without much progress since.

Source: Earth Times.
Link: http://www.earthtimes.org/articles/news/356756,focus-iran-common-currency.html.