Major emerging market nations invited Saudi Arabia, Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates to join their bloc.
India’s central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources told Reuters.
The Saudi Arabia-UAE divide becomes public
The differences between Saudi Arabia and the United Arab Emirates have become apparent in several areas of regional politics and have now touched domestic areas as well …
The Saudi Arabia-UAE divide becomes public
The differences between Saudi Arabia and the United Arab Emirates have become apparent in several areas of regional politics and have now touched domestic areas as well …
Qatar Airways posts a $1.2 billion profit over the last fiscal year when it hosted FIFA World Cup
DUBAI, United Arab Emirates (AP) — Qatar Airways said Thursday it earned a profit of $1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country’s hosting of …
India And The UAE Close First Oil Deal In Rupees
India and the United Arab Emirates settled an oil trade without converting local currencies to dollars for the first time on Monday …
India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE
India and the United Arab Emirates have moved to settle bilateral trade without the buck, marking the latest development in the dedollarization trend.
Egypt signs 500-mln-USD financing deal with UAE to import wheat
CAIRO, Aug. 15 (Xinhua) — The Egyptian Ministry of Finance on Tuesday signed a 500-mln-U.S. dollar five-year financing agreement with the Abu Dhabi Exports Office (ADEX) of the United Arab Emirates …
Iran envoy, UAE official discuss financial, monetary topics
The Iranian ambassador to Abu Dhabi and United Arab Emirates’ Minister of State for Financial Affairs discussed financial and monetary issues on Sunday.
Iran transfers 5 Iranian-American prisoners to house arrest
DUBAI, United Arab Emirates (AP) — Iran has transferred five Iranian Americans from prison to house arrest, U.S. officials said Thursday. The move comes after Tehran has spent months suggesting a …