In Pictures
As 33 miners are found alive trapped in a mine in Chile, Kipp takes a look at some of the world’s most dangerous careers.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Iraq’s oil targets; US peace talks; Gaddafi and his girls; Jordan’s economy; Israel and Palestine prisoners.
Videos
Incident reported to Saudi authorities, says Sri Lanka's government.
Last Week's Winner
Alia Akkad
Alia Akkad
Loading ...
The great fares rip-off?
read more
Homepage | Middle East Business News | Middle East | GCC nations may quote oil price in new regional currency
GCC nations may quote oil price in new regional currency
Gulf States are considering using a new unified, regional currency to price crude oil rather than using the US dollar, reports Maktoob Business, citing s Saudi economist.
“That could put GCC economies amongst the world’s most important,” Saeed al-Shaikh, vice president and chief economist of National Commercial Bank said at a business conference in Dubai.
Progress of the region’s planned single currency has stalled due to spats between GCC nations over technicalities, including the location of central bank.
The UAE and Oman have decided against joining the region’s efforts, although the remaining four GCC States have urged both nations to reconsider.
Saudi Arabia, Kuwait, Qatar and Bahrain have said they will introduce the currency by 2012.
Iran stores abundant fuel oil on supertankers
Iran stores at least 550,000-600,000 tonnes fuel oil at sea.
Iran stores at least 550,000-600,000 tonnes fuel oil at sea.
Beltone says to trade on Egypt bourse by year-end
The bank says shares listed on bourse will trade by end of 2010.
The bank says shares listed on bourse will trade by end of 2010.
KNPC's Zanki hired as new CEO of Kuwait Petroleum C
Zanki to start as head of KPC within days-source.
Zanki to start as head of KPC within days-source.
SA says 2012 ... ??? Why not 2010 or did the Head of Treausry H.E. XYZ Al Saud mix up his calendar....Well mine says its 2009 drawing to a close. Never mind, as long as the max weightage in the new system is to USD (as per Royal Decree, of course) Lets keep the local population happy with the new system... KEEP SMILING EVER MORE !!!!!
Twitter
Facebook