Gulf summit overshadowed by economic differences
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Leaders of of the Gulf Cooperation Council have begun talks in Bahrain, overshadowed by economic differences between members of the oil-rich bloc.
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Soaring oil prices once again  threaten to hijack Friday's meeting of finance chiefs from the  world's top economic powers, overshadowing China's debut in the  G7 spotlight.
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Despite the world's rapt attention to its meetings, OPEC gatherings mean very little.
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Inflation and recession add to the list of world issues on the agenda at the World Economic Forum.
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JEDDAH, Saudi Arabia  - The six-nation Gulf Cooperation Council (GCC) sought observer status at meetings of the International Monetary and Financial Committee (IMFC), part of the International Monetary Fund (IMF).
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Opec members have split on whether their output should be increased in a bid to boost global supply that might cause oil prices to drop.
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The worldâs top oil producers appear divided about how to respond to the threat of a sluggish global economy, and thus OPECâs meeting in Vienna on Tuesday may be contentious.
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Although the economy as a whole is in its best shape in three decades, improved growth is threatened by disparities between wealthy nations and the developing world as well as rising oil prices.
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The growing influence in the financial world of Dubai and its neighbors is raising political concerns in among U.S. lawmakers.
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The group of 20, G20, finance leaders of the richest, most powerful and emerging economies have begun discussions on a range of financial issues, with the weak dollar officially off the agenda but expected to dominate the meeting.
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Members of the Organization of Petroleum Exporting Countries were divided Tuesday on whether output should be increased in a bid to boost global supply that might cause prices to drop.
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President Hosni Mubarak opened a World Economic Forum meeting Saturday with jabs at the United States and warnings that the world must overcome the widening gap between rich and poor and block escalating threats of terrorism.
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MANAMA: Gulf Cooperation Council leaders ended the Zayed Summit Tuesday without resolving a bitter dispute over Bahrain&#39;s trade deal with the US which led to Saudi Arabia&#39;s de facto leader boycotting the summit.
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Attempts to pass a key oil law sought by the U.S. were snarled once more Wednesday by deep differences among Iraq's Sunni, Shiite and Kurdish leaders, delaying parliament debate despite the prime minister's claims of a breakthrough.
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In addition to the differences between Bahrain and Saudi Arabia, the GCC&#39;s 25th summit is expected to discuss the reflections of the political and security situations in Iraq on the region and several security, political and economic issues including
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MANAMA: The Gulf Cooperation Council conference opens Monday amid an increasingly unstable security situation in Iraq and a trade disagreement between Saudi Arabia, its largest member, and
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WASHINGTON - The world's major economic powers were far apart Saturday on agreeing how to provide debt relief for Iraq and the poorest nations, as finance officials began broader discussions about the global economy.    Treasury Secretary John Snow and Federal Reserve Chairman Alan Greenspan led the U.S...