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Common GCC currency inevitable: Oman cbank chiefThe creation of a single GCC currency has become inevitable and its implementation is only a matter of time, Oman's central bank chief has been quoted as saying. Serious measures are being studied to achieve it, the Saudi Arab More… |
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UAE and Oman ‘may join GCC monetary union’GCC Secretary-General Abdulrahman Al Attiyah is optimistic that the UAE and Oman will join the GCC monetary union in the future. The UAE and Oman withdrawing from the monetary union does not mean that they will be discounted, Al Attiyah to More… |
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Proposed GCC currency name ‘too general’A proposal to name the new GCC common currency Khaleeji has been turned down, it has emerged. Finance Ministry resources and information assistant under-secretary Ismail Al Marhoon said the name had been suggested ever since the common cur More… |
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Abu Dhabi inflation 'below 4 per cent'Abu Dhabi's annual inflation rate is currently below 4 per cent and the country has no plans to rejoin the Gulf monetary union project, the director general of the emirate's council for economic development said on Monday. 'We& More… |
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Qatar to forge ahead with FX unionQatar will forge ahead with a Gulf Arab monetary union plan and expressed regret that the UAE had decided to withdraw, a key advisor to the Qatari Emir said today (May 21). The UAE became the second Gulf state after smaller Oman to withdra More… |
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Inflation may delay Gulf common currencyInflation threatens to delay the common currency project pursued by Gulf Arab states and is leading to disagreements about the launch, a leading Gulf central banker was quoted as saying in a newspaper report. As Gulf central bankers gather More… |
