Oil exporters in the region including Saudi Arabia and the UAE have shackled their currencies to the dollar.
Oil exporters in the region including Saudi Arabia and the UAE have shackled their currencies to the dollar.
Agreement is aimed at encouraging and protecting bilateral investments
The report is commissioned and supported by the Dubai Islamic Economy Development Centre in partnership with Thomson Reuters, and in collaboration with DinarStandard.
Exposure, however, is indirect; mining to be most affected
150 million Muslim visitors to spend $200b: Dubai Chamber
It also warned central banks to prepare for an expected Federal Reserve interest rate rise, with many nations already seeing huge capital outflows as dealers look for safer investments in the US.
Slowdown perceptions 'divorced from facts'
India needs lower interest rates, and the central bank must decide how much to cut, Finance Minister Arun Jaitley said.
Governments need to consider alternative revenue streams to maintain fiscal balance
Weaker operating field beckons as govts cut spending due to lower oil