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The World Factbook, 2023. Pegged with. USD [ 1 ] US$1 = Dhs 3.6725. The Arab Emirates Dirham (/ ˈdɪər (h) əm /; [ 2 ] Arabic: درهم إماراتي, abbreviation: د.إ in Arabic, Dh (singular) and Dhs (plural) or DH in Latin; ISO code: AED is the official currency of the United Arab Emirates. The dirham is subdivided into 100 fils (فلس).
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
v. t. e. This is a list of countries by their exchange rate regime. [1] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating (floating and free floating) Soft pegs (conventional peg, stabilized arrangement, crawling peg, crawl-like arrangement, pegged exchange rate within horizontal bands) Hard ...
The Cooperation Council for the Arab States of the Gulf [2] (Arabic: مجلس التعاون لدول الخلیج العربية), also known as the Gulf Cooperation Council (GCC; Arabic: مجلس التعاون الخليجي), is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In September 2021, ADNOC Drilling announced its intention to list another 11% of shares in the company on the Abu Dhabi Securities Exchange (ADX) through an Initial Public Offering (IPO). [48] On October 3, 2021, the company went public on the Abu Dhabi bourse, and became the most successful listing of all time in the emirate, jumping 30% on ...
Founded. 16 April 1978; 46 years ago (1978-04-16) Language. English. OCLC number. 60637427. Website. khaleejtimes.com. Khaleej Times is a daily English language newspaper published in Dubai, United Arab Emirates. [2][3][4] Launched on 16 April 1978, Khaleej Times is the UAE's longest-running English daily newspaper.
v. t. e. In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [1] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. [2]
A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date. The exchange rate at which the transaction is done is called the spot exchange rate. As of 2010, the average daily turnover of global FX spot ...