December 9, 1998

			EDITORIAL: "A NEW VISION FOR A NEW CENTURY"   KING FAHD: ABU DHABI SUMMIT IS ANOTHER NEW MILESTONE IN THE DEVELOPMENT OF GCC WHICH PROMOTES UNITY AND INTEGRATION AMONG MEMBER STATES. SAUDI CABINET HOPES THAT RESTRUCTURING OF ELECTRICITY SECTOR WOULD CUT COST ON CONSUMERS.   CROWN PRINCE ABDULLAH IN HIS SPEECH TO GCC SUMMIT: OIL MARKET SITUATION REACHED THE STAGE OF CRISIS. WE WELCOME GLOBALISATION OF TRADE BUT REJECT GLOBALISATION OF DEVIANT IDEAS.   GCC 19 TH SUMMIT FINAL STATEMENT: LEADERS AGREE TO MAINTAIN OIL PRODUCTION QUOTAS AND WORK TO ACHIEVE MARKET STABILITY. THEY APPROVED THE FIXED SCHEDULE TO COMPLETE CUSTOMS UNION IN ORDER TO LAUNCH THE COMMON MARKET IN MARCH 2001.   PRINCE SAUD AL-FAISAL TELLS A PRESS CONFERENCE BEFORE LEAVING FOR ABU DHABI: WE ARE WILLING TO GO TO ARBITRATION WITH YEMEN, ALTHOUGH THEY WILL NOT ACHIEVE ANYTHING MORE THAN FRIENDLY NEGOTIATIONS. WE MUST MOBILISE TO CONFRONT THE DANGERS WE FACE; SAUDI ARABIA WILL PRESENT ITS VIEWS TO THE GULF CO-OPERATION COUNCIL WITH THE UTMOST FRANKNESS.   DR ESMAT ABDEL MAGUID SECRETARY GENERAL OF THE ARAB LEAGUE: THERE ARE GREAT OBSTACLES TO PEACE.. NETANYAHU AND HIS GOVERNMENT ARE THE PROBLEM. IRAQ HAS NO ALTERNATIVE BUT TO IMPLEMENT THE UN SECURITY COUNCIL RESOLUTIONS.. WE MUST RECONSIDER THE POLICY OF SANCTIONS AND LIFTING THE EMBARGO FROM THE IRAQI PEOPLE. WE ARE WILLING TO MEDIATE IN THE DISPUTE BETWEEN BAHRAIN AND QATAR, WHICH IS ON ITS WAY TO BEING RESOLVED.   DR. GHAZI AL GOSAIBI: THE ARAB ISLAMIC CIVILISATION CAN MAKE A POSITIVE CONTRIBUTION IN THE PEACEFUL COEXISTENCE OF IDEAS, THE CONCEPT WHICH UNESCO WAS SET UP TO TAKE CARE OF. THE TIME HAS COME FOR AN ARAB TO RISE TO THE POSITION OF DIRECTOR GENERAL OF THE UNITED NATIONS EDUCATIONAL, SCIENTIFIC AND CULTURAL ORGANISATION.   SAUDI ARABIA COVERS THE BUDGET DEFICIT BY INTERNAL LOANS. THE MINISTER OF FINANCE AND NATIONAL ECONOMY: NO TRUTH IN REPORTS ABOUT A LOAN FROM THE EMIRATES. IN BRIEF