GCC states want stable oil prices
GCC Secretary General Abdulrahman Bin Hamad Al Attiyah stressed Wednesday the council's keenness to stabilize world oil prices and to balance between the supply and demand of oil. The GCC aims to maintain appropriate crude prices to serve the interest of both producers and consumers and to boost the development plans of GCC countries, he told Oman's <i>Al-Watan</i> daily. According to Al-Attiyah, all GCC currencies have been pegged to the US dollar since 2002 as a step towards unifying the GCC currency. Economic performance will be discussed next year in preparation of launching the currency by January 2010.