Qatar says Gulf single currency unlikely by 2010

Sat Dec 8, 2007 4:14am EST
 
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MANAMA (Reuters) - Gulf Arab oil producers are unlikely to meet a 2010 deadline for monetary union, Qatar's prime minister said on Saturday.

Saudi Arabia, Qatar and their neighbors agreed to stick to their timetable for monetary union after a summit last week. Oman, one of six states that had agreed to the target date, said last year it had decided not to join by 2010.

The other states were also unlikely to meet the deadline, Qatari Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani told a conference in Bahrain.

(Reporting by Mohammed Abbas;)

 
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