From Business24-7.ae: Saudi Arabia and three other Gulf states will proceed with their monetary union plan and the location of a Gulf central bank would not be open for re-negotiation, the Saudi finance minister said.

“It is not derailed, it will continue. The monetary union will proceed as planned,” Ibrahim Al Assaf said in an interview in Oman on Saturday, less than two weeks after the UAE abandoned the GCC single currency project…….Full Article: Source