UAE airlines have suspended flights to Lebanon until October 1 due to the ongoing crossfire
“We will still continue with 2010 and we’ll be working hard to achieve our goals and objectives,” Governor Abdullah Saud Al Thani said in an interview in Singapore today. Gulf Cooperation Council members in March abandoned the 2010 target and GCC Secretary-General Abdul Rahman Al Attiyah yesterday said a new deadline hadn’t
been set.
Qatar, one of the Gulf states that was vying to host a united Gulf central bank, was also happy with the selection of the Saudi Arabian capital of Riyadh for the institution’s headquarters,
Al Thani said. “We will be working hard to accomplish the GCC union,” the governor said.
Five countries planning to launch a single currency decided on May 5 to locate the monetary council, what will later become the unified central bank, in Saudi Arabia, the Arab world’s largest economy. The United Arab Emirates, which had also been competing to host the bank, said they expressed ‘reservation’ at the selection, according to state-run WAM news agency.
A GCC official said in March that the 2010 deadline for reaching monetary union would have to be extended as too many technical issues remained.
The drive to create one currency and drop pegs to the dollar has waned in recent months as Gulf central banks increasingly acted independently of each other to solve liquidity problems caused by the global financial crisis. Little progress had been made since September when the central banks approved the agreement for monetary union. The original 2001 agreement to set up the new currency included Saudi Arabia, the UAE, Qatar, Oman, Bahrain and Kuwait. Oman pulled out in 2007.
UAE airlines have suspended flights to Lebanon until October 1 due to the ongoing crossfire
The United States and Saudi Arabia put him on their respective lists of designated terrorists in 2017
He also wished for strength and comfort for their loved ones during this difficult time
Sheikh Hamdan discussed ways to strengthen relations and the two countries also signed several bilateral agreements
Earlier in the day, Hezbollah has confirmed the death of its leader Hassan Nasrallah
Authorities said at least 254 people have died and 65 missing in landslides, floods and lightning strikes since mid-June when the annual monsoon rains started
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