Register for our free newsletter

Latest News

Single currency

Single GCC currency

Single GCC currency

Arab News is imagining a time when the US dollar is no longer the world’s reserve currency. In this editorial, the paper examines the euro’s troubles and what they mean for the GCC.

December 30, 2010 12:33
Gulf is our future… but maybe not the single currency

Gulf is our future… but maybe not the single currency

The UAE Economy Minister says the country still hopes to join a unified Gulf currency ‘one day.’ He is right that the Gulf is our future, but could be wrong about the currency.

December 5, 2010 2:48

UAE dollar peg to remain

Sheikh Mohammad says the UAE will avoid a GCC currency union until it is profitable.

June 26, 2010 12:34

GCC single currency delayed

Original 2010 time line is now out of reach; analysts see 2015 as next earliest possibility.

May 26, 2010 9:58
Awaiting lessons from the euro-zone

Awaiting lessons from the euro-zone

The drive to establish a unified Gulf currency may be on hold as policy makers ‘wait and see’ what’s to come of the distressed euro.

May 17, 2010 5:28
Pan-Arab currency unlikely by ‘20

Pan-Arab currency unlikely by ‘20

Opinion: The Council of Arab Economic Unity says its 18 members will have a common currency within 10 years. Is that really feasible, given that even the smaller GCC monetary union is still up in the air?

February 8, 2010 7:44

Gulf union countries may launch single currency in 2015

Countries part of the Gulf monetary union could launch…

January 6, 2010 5:28

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…

November 23, 2009 12:11