The UAE's central bank governor, Sultan Nasser al-Suweidi, has said the country is not discussing whether to rejoin the planned Gulf monetary union at this point, Reuters has reported. Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA) told reporters on Sunday he had not lost hope of Oman and the UAE returning to the fold. The UAE pulled out of the project in May 2009, three years after Oman did the same, in protest at a decision to site the joint central bank in Saudi Arabia.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.