The main economic organisations in the Arab World are the Gulf Cooperation Council (GCC), comprising the states in the Persian Gulf, and the Union of the Arab Maghreb (UMA), made up of North African States. The GCC has achieved some success in financial and monetary terms, including plans to establish a common currency in the Persian Gulf region. Since its foundation in 1989, the UMA's most significant accomplishment has been the establishment of a 7000 km highway crossing North Africa from Mauritania to Libya's border with Egypt. The central stretch of the highway, expected to be completed in 2010, will cross Morocco, Algeria and Tunisia. In recent years a new term has been coined to define a greater economic region: the MENA region (standing for "Middle East and North Africa") is becoming increasingly popular, especially with support from the current US administration.