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The currencies of Saudi Arabia, [5] the UAE, Qatar, Oman, and Bahrain are pegged to the US Dollar. Kuwait's Dinar is pegged to a basket of currencies including the US Dollar and the Euro . Saudi Arabia rejected calls for the International Monetary Fund SDR to be used as a reserve currency.
The Cooperation Council for the Arab States of the Gulf [2] (Arabic: مجلس التعاون لدول الخلیج), 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.
The Gulf Cooperation Council–United Kingdom free trade agreement (GCCUKFTA) is a proposed free trade agreement which began negotiations in June 2022. [1] When completed it will be the first free trade agreement between the United Kingdom and the Gulf Cooperation Council, or any of its member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
As part of this campaign, the Saudi-led quartet closed off their airspaces, territorial waters and land borders to Qatar. [5] Saudi Arabia also suspended Qatar's involvement in the Yemen campaign. [6] On 4 January 2021, Qatar and Saudi Arabia agreed to reopen airspace, land and maritime borders, with the expectation to fully restore diplomatic ...
Global X was acquired by Mirae Asset Global Investments in July 2018 for $488 million. [2] [3] Global X launched its Global X Uranium Ucits ETF on the LSE and Deutsche Börse Xetra in 2022. [4] Global X in August 2023 filed to launch an ETF alternating between allocating to Bitcoin futures and the firm's Treasury bill ETF. [5]
Location of Saudi Arabia. Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry. [1] [2] The country plans to reduce oil-based revenues to ...
The Qatar diplomatic crisis was a high-profile incident involving the deterioration of ties between Qatar and the Arab League between 2017 and 2021. It began when Saudi Arabia, the United Arab Emirates, Bahrain, and Egypt simultaneously severed their bilateral relations with Qatar and subsequently banned Qatar-registered aircraft and Qatari ships from utilizing their sovereign territory by air ...
As a result, the United Arab Emirates and Saudi Arabia will spend the most on the project, followed by Oman, Qatar, Kuwait and Bahrain. The Saudi Railway Company will develop the network in Saudi Arabia, Etihad Rail in the UAE, Oman Rail in Oman, and Qatar Rail in Qatar. [4] The project has met hurdles on account of challenges with the ...