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EIB launches GCC currency remittance driveEmirates Islamic Bank (EIB), a leading Islamic financial institution in the UAE, has announced the launch of a foreign currency remittance campaign focused on GCC currencies. The offer, which is valid till November 20, offers spec More… |
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UAE won't join single currency nowThe UAE will hold off for now on a common Gulf currency, said Vice President Sheikh Mohammad bin Rashed al-Maktoum said. 'We will not change anything for the time being until we see something solid and profitable,' Sheikh Mohammad, More… |
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Unified GCC currency 'need of the hour'GCC countries must hasten plans to create a unified currency or risk significant damage to their economies in the long term, a Kuwaiti minister said. Kuwaiti Foreign Minister and Deputy Premier Shaikh Dr Mohammad Al Sabah Al Salem Al Sabah More… |
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Single currency 'to make Gulf more stronger'The GCC needs to accelerate its move towards a single currency which would make the whole region much stronger, said Standard Chartered Bank economist Marios Maratheftis. Once the states put in place a central bank and the necessary instit More… |
GCC currency draft soonA draft proposal for the unified GCC currency will be finalised soon, Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa told Shura Council members. GCC central bank officials are expected to meet at the end of next month to decide the More… |
