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UAE set to eschew Gulf single currency
22 hours ago ago from FT.com | Money Supply
Dubai's woes make it unlikely the UAE will rejoin the plan for Gulf monetary union any time soon. The Gulf co-operation council - Saudi Arabia, Kuwait, Qatar and Bahrain, the UAE and Oman - will meet over the next three days in Kuwait, where a single regional currency is likely to be discussed. The UAE pulled out of the plan in May in protest at the Saudi siting of the proposed joint central bank. Kuwait, about to take over presidency of ...
Related contentFACTBOX-What next for the Gulf Arab monetary union?
22 hours ago ago from Middle East (UAE and GCC) Finance and Investment News
The four countries, which are still going on with the project are Saudi Arabia, Kuwait, Qatar and Bahrain. Following are a few facts on what to expect next: RATIFICATION * The ratification process is complete with the four countries that are going ahead with the monetary union project finalising the deal ahead of this week's Gulf rulers' summit in Kuwait. [ID:nGEE5B70CA] MONETARY POLICY * Formation of a monetary council is expected ...
Related contentInstructor: Security - Saudi Arabia | TechFloat.com
15 hours ago ago from Published News | TechFloat.com
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Related contentCrown Prince Sultan bin Abdulaziz visits Saudi Soldiers Injured in Yemen Skirmish | The Global Herald
2 hours ago ago from The Global Herald - News, Done Properly
Crown Prince Sultan bin Abdulaziz Skirmishes in Yemen over the weekend between Saudi forces and Yemeni rebels have left a number of civilians dead. Meanwhile the Saudi Prince, Sultan bin Abdulaziz, took time out to visit soldiers injured in the fighting with between Houthi Shia rebels and the Yemeni & Saudi forces. The violence is centred on the Sadaa region which borders Saudi Arabia. Houthi fighters there belong to the Zaydi ...
Related contentNews Corp and Rotana deal confirmed
11 hours ago ago from Rapid TV News
News Corp will buy 10% of the Rotana movies-to-music group in January. A statement from Saudi Arabia capital Riyadh, where Prince Alwaleed bin Talal’s Kingdom Holdings business is based, confirmed that the News Corp deal is 99% completed.
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