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UAE not in talks for return to Gulf FX unionThe United Arab Emirates is not currently in talks with fellow Gulf states about returning to a regional monetary union plan, the central bank governor said on Tuesday. "We are not negotiating. For the time being, the position of the UAE i More… |
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Saudi sees room to review Gulf FX union pactSaudi Arabia's King Abdullah has said that there is room for reviewing the Gulf Cooperation Council monetary union agreement, after the United Arab Emirates last week said it would not join a single currency. He said the kingdom's ties wit More… |
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GCC sees no FX union delay despite UAE pulloutGulf states are not likely to delay their monetary union plan after the United Arab Emirates abandoned the project, the Gulf Cooperation Council (GCC) secretary-general said in remarks published on Monday. The UAE, the second-largest Arab More… |
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Gulf FX union door 'not closed' says UAEThe United Arab Emirates said on Thursday it was not interested "for the moment" to rejoin the Gulf monetary union but its foreign minister did not rule out a solution. "I would not say the door is closed, there is nothing that is an end g 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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No deal yet on GCC cenbankCentral bankers from the six-nation Gulf Cooperation Council have not reached agreement on the location of a common central bank to be used in plans for monetary union, Oman's central bank head said. "A signature is still not there on the More… |
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Gulf central bankers meet amid FX union hurdlesGulf central bankers will face pressure at a meeting in Muscat to specify an alternative timetable for rolling out a single currency as markets become increasingly sceptical about the project's viability. The Gulf Cooperation Council ( More… |
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Gulf ministers finalise FX union draftGulf Arab finance ministers have finalised a draft for a monetary union agreement set to be approved by a regional summit in Oman on Tuesday, Kuwait's finance minister said. 'The meeting of the Gulf finance minister has referred th More… |
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Gulf to decide on 'feasible' FX union targetGulf Arab oil producers will decide on a "feasible" schedule for rolling out a single currency after reviewing a 2010 target for monetary union this year, Saudi Arabia's central bank governor said. In an interview with Reuters, Hamad Saud More… |
