The move may be a direct result of the decision, taken several weeks ago, to select Riyadh as the location for a Gulf Cooperation Council (GCC) Central Bank.
Analysts expect this development to delay the implementation of a GCC single currency, and possibly raise questions over the integration of other GCC economies.
The UAE is the second largest economy after Saudi Arabia and the most diversified; over 90 percent of all non-oil trade in the GCC is conducted by UAE business entities.
For more information contact Hesham Salah, Business Development Manager, Middle East, New Zealand Trade and Enterprise (NZTE), Dubai, United Arab Emirates.
