MENAFN.com, 3 Jan 2009
(MENAFN - Khaleej Times) As 2008 ended on a low amid a global financial crisis, the Free Trade Agreement (FTA) between the Gulf Cooperation Council (GCC) and Singapore formalised in December came as a whiff of fresh air. In the backdrop of the worst economic predicament in eight decades, which continues to surprise the world with varied ramifications, the pact between the powerhouses of sovereign wealth funds underscores at least four important factors.
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