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Soviets Invite Arabs to Study Creation of Joint Ventures

November 05, 1989|Reuters

ABU DHABI, United Arab Emirates — The Soviet Union has invited Persian Gulf Arab businessmen to Moscow to discuss ways of setting up joint ventures, a Soviet embassy spokesman said Friday.

He said the Nov.14-16 meeting was aimed at "boosting cooperation between the Soviet Union and the Gulf and exploring the possibility of setting up joint industrial ventures."

Four of the six Gulf Cooperation Council members--Kuwait, Qatar, the United Arab Emirates and Oman--have diplomatic ties with Moscow; Saudi Arabia and Bahrain do not.

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