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September 25, 2005

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A South African delegation headed by Minister of Trade and Industry Mandisi Mpahlwa and Ambassador Dikgang Moopeloa held discussions on improving business ties between the GCC countries and the African country. The GRC, in its capacity as an independent think tank, briefed the delegation that in terms of economic challenges, both the GCC countries and South Africa share the common problem of dealing with growing unemployment. Among the other areas of trade identified for possible consideration to further GCC-South African commercial relations were the minerals, petrochemicals, financial, and real estate sectors. It was also suggested that South African companies could attract GCC capital by way of issuing Islamic bonds, which are extremely popular with GCC investors.

South Korean Ambassador to the UAE Joon Jae Lee held discussions to explore the possibility of the GRC acting as the co-sponsor of the “Korea-Middle East Cooperation Forum” organized by the Korean Institute of International Economic Policy (KIEP), which is affiliated to the Korean Ministry of Foreign Affairs and Trade. The third edition of this forum is likely to be held in Dubai later this year.

Marcus Noland, senior fellow at the Washington-based International Institute of Economics, presented his research findings on “The Middle East in the world economy” and elicited comments from GRC researchers and other invited experts. Noland’s project is a joint venture with Howard Pack of the Wharton School at the University of Pennsylvania.

A group of students from American University in Washington, on a one month visit to the American University of Sharjah, visited the Gulf Research Center for a briefing on the center's activities and the Gulf region. GRC researchers made presentations on regional security, foreign relations, economic and social issues, including women's rights.

Dr. John Duke Anthony, President and CEO of the National Council on US-Arab Relations, expressed interest and explored possible areas of cooperation between the two institutions.

Prof. Steve Ott, Department of Political Science, College of Social and Behavioral Science, The University of Utah, USA.