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Sharjah Central Souq [2] (Arabic: السوق المركزي, romanized: Sūq al-Markazi) also known as the Blue Souk or Gold Souq [3] is the covered souq (market) located in King Faisal Street, Sharjah, United Arab Emirates, adjacent to the 'Smile You Are In Sharjah' roundabout and the Khaled Lagoon. The Central Souk consists of two large ...
Since Islamic economic jurisprudence prohibits interest, or 'riba,' there was speculation that the future GCC currency would be backed by gold. [2]However, senior figures in the GCC administration have stated that the currency may be linked to the US Dollar or would tie-up with a basket of currencies [3] in which the US Dollar would have a lion's share.
The currency composition of foreign exchange reserves affects global financial markets, interest rates, and currency valuations. A high concentration in a single currency (especially the U.S. dollar) can lead to vulnerabilities in times of global economic stress.
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 ...
The economy was expected to grow 4–4.5% in 2013, compared to 2.3–3.5% over the previous five years. Since independence in 1971, UAE's economy has grown by nearly 231 times to AED1.45 trillion in 2013. The non-oil trade has grown to AED1.2 trillion, a growth of around 28 times from 1981 to 2012. [22]
Khaleej Times (India, Dubai) 7days ; 247 City News (Dubai) Dubai Standard (Dubai) Emirates Business 24/7 (Dubai) The Arabian Post (Dubai) Emirati Times; Latin&gulf; Khaleej Mag; Gulf Today (Sharjah) The National (Abu Dhabi) The Brew News; Sport360 (Dubai) Dubai.News (Dubai) XPRESS (Dubai) Arabic language. Al Khaleej (Sharjah) Akhbar Al Arab ...
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