Friday 19 September 2014
 
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UAE supports peg; Oman sees no risk

The United Arab Emirates will keep its currency peg to the US dollar even after Standard & Poor's downgraded the world's biggest economy, and Oman sees no risk in investing in US treasuries, officials said on Sunday. Gulf central banke

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Bahraini dinar-dollar peg safe say analysts

The central bank's tight control over the foreign exchange market, and the possibility of other Gulf countries providing financial support, mean there is no threat to Bahraini dinar's peg against the US dollar, analysts said. Bahra

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No need to change dollar peg: Bahrain cbank

Bahrain's central bank sees no need to change its currency peg to the US dollar despite the greenback's weakness and expects the country's economy to grow by 3-4 percent this year, its governor said on Tuesday. "We have repeatedly said our

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Kuwait to keep currency basket peg

Kuwait's central bank will keep pegging its dinar to a currency basket for the foreseeable future, and prefers not to rush plans for a Gulf single currency, Governor Sheikh Salem Abdul-Aziz Al-Sabah said on Thursday.    Kuw

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Oman expects 6pc growth

Oman will continue to maintain its currency peg to the dollar, and expects economic growth to rise to 6 percent in 2010, the sultanate's central bank head Hamood Sangour Al-Zadjali, said on Tuesday. 'We shall continue to maintain t

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Qatari riyal to stay pegged to dollar for now

Qatar's riyal currency will stay pegged to the dollar for the time being, but all possibilities will be considered for the planned Gulf monetary union, Central Bank deputy governor Sheikh Fahad bin Faisal Al-Thani said on Thursday. The peg

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Saudi cbank says dollar peg beneficial

Saudi Arabia's currency peg to the US dollar "benefits" the kingdom and will remain as long as the greenback remains the main reserve currency globally, the central bank governor was quoted as saying on Wednesday. Muhammad Al-Jasser's rema

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GCC to discuss currency peg to basket: Kuwait

Gulf countries will discuss an option to peg their planned single currency to a basket, Kuwait Foreign Minister Sheikh Mohammad Al-Salem Al-Sabah said on Tuesday. "It is not necessary for the GCC currency to be linked to a certain currency

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Dollar peg rethink must for FX union: DIFC

Gulf states should consider dropping their pegs to the US dollar to have more tools to control inflation and achieve single currency criteria, a key report said. Targetting inflation should be the top priority of the Gulf central bank to b

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Qatar must act on peg says adviser

Qatar needs to act over its peg to the dollar, the economic adviser to the country's ruler said, even as the inflation rose to a near record of 14.75 per cent. "Things are not getting better, action should be taken," Ibrahim Al-Ibrahim tol

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