Investors are seen at the Dubai International Financial Market in Dubai, UAE February 7, 2018. REUTERS/Satish Kumar
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The Gulf Cooperation Council is setting up a company to facilitate direct money transfers among its six members, in a rare display of cooperation with isolated Qatar.The countries' central bank governors will sit on the board and a secondary office will be set up in the United Arab Emirates, he said, without saying when the company would start operating.The company is being started even though GCC members Bahrain, Saudi Arabia and United Arab Emirates have been boycotting a fourth member, Qatar, since June.
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