The UAE's central bank governor said a decision to base a joint Gulf central bank in Saudi Arabia was politically motivated and it ignored his country's financial advantages, state news agency WAM reported.
Meanwhile a Saudi-owned
The UAE, which has expressed reservations over a decision to base the Gulf central bank in Saudi Arabia, was still supporting monetary union plans, a top official has said.
GCC Secretary-General Abdulrahman Al Attiyah said the secretariat
The Dubai International Financial Centre Authority on Monday released a report outlining options for the institutional structure and governance of the proposed Gulf Central Bank.
The proposal is a central requirement to meeting the January