Sunday 5 December 2010

UAE hopes to rejoin Gulf single currency, UAE Economy - Maktoob News

The United Arab Emirates hopes it and Oman will rejoin a planned Gulf single currency project one day, UAE economy minister was quoted as saying by a Saudi newspaper on Sunday, ahead of a Gulf rulers summit this week.

Rulers from Gulf Arab countries will meet in UAE capital Abu Dhabi on Dec. 6-7 to discuss political, security and financial issues affecting the world's top oil exporting region.

'The Emirates still hope that there will be a single currency for the countries of the (Gulf Cooperation) Council one day,' Sultan bin Saeed al-Mansouri told Saudi newspaper Al-Eqtisadiah.

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