UAE | General
GCC summit to stick to 2010 currency deadline
There have been speculations the deadline would be extended five year after Oman and the UAE said that were not ready to join the single currency pact.
- By Mohammed Almezel, Deputy Managing Editor
- Published: 08:57 December 4, 2007
-
UAE and Iranian leaders hold meeting
UAE and Iranian leaders hold private meeting
-
Qatar Emir warns of grave dangers
Qatar Emir warns of grave dangers threatening our homelands
-
Iran avoids nuclear talk
Iran avoids nuclear talk
-
Ahmadinejad calls for cooperation
Ahmadinejad calls for greater cooperation between GCC and Iran
-
Iran to make new proposals
Iran to make new proposals on Gulf cooperation
-
Iran to ease GCC nuclear fears
Iran to ease GCC nuclear fears
-
N-power for peace: UAE supports Iran
UAE supports Iran's peaceful use of N-power
-
Shaikh Abdullah arrives in Doha
Shaikh Abdullah Bin Zayed arrives in Doha
-
Currency deadline could be till 2015
Single currency deadline could be extended to 2015
Doha: The summit will stick to the originally set 2010 deadline to issue a unified Gulf currency, a senior Gulf official told Gulf News on Monday.
"There will be no new deadline but an affirmation of the original deadline," in the final communiqué to be issued on Tuesday, the official said on condition of anonymity.
There have been speculations the deadline would be extended five year after Oman and the UAE said that were not ready to join the single currency pact.
"We still have two years to go where states can gear up to it. Otherwise the unified currency agreement can be launched by those who are ready. Others can join later," the official said, pointing out that the Euro was introduced in a similar two-speed mechanism.
Share this article
Related Articles
Popular in UAE
-
Your pictures
Readers' pictures
The best reader pictures from around the UAE this week
Latest news
- Freelance license holders eligible for UAE visa
- Al Salam street in Abu Dhabi temporarily closed
- Unveiling the human face of technology to help the helpers
- Full text of Shaikh Mohammad's speech
- flydubai starts service to Sudanese capital
- Shaikh Mohammad tells Dubai doubters to shut up
- Shaikh Mohammad reaffirms UAE unity
- Reinforce the positive to fight the negative
- UAE-Pakistan Friendship Festival in Abu Dhabi
- Khalifa congratulates Karzai on re-election
- Khalifa receives congratulatory call from Talabani
- Camel in RAK gives birth to twins
- Saif is appointed Emiratisation chief
- Pavement parking irks pedestrians
- Man jailed 3 years in fatal assault of colleague
Community Reports
-
Pavement parking irks pedestrians
Gulf News reader calls on authorities to step in and stop car owners from invading pathways meant for safe walking
-
Faded parking lines pose a problem
Motorists could be fined for parking incorrectly even though they can hardly see the boundaries in the designated areas
-
School buses block residential parking
Commercial vehicles taking up free parking facilities in Al Wuheida, inconveniencing residents in surrounding villas
-
Community report: Doing their bit for poor children
A group of students takes concrete action to raise funds for Dubai Cares
