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ADNOC's Growth Sprint, a Gulf Defence Rift, and Two Pegs That Refuse to Care
The dirham sits at 3.6725, the riyal at 3.7500, and the day's news is about power projection — not price.
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Karim Al-Rashidi
· 3 мин чтения
Close of business Thursday: USD/AED at 3.6725, USD/SAR at 3.7500. If you have been reading this column for any length of time you will recognise those numbers, because they are the same numbers I filed yesterday, and the day before, and — barring an act of political will neither central bank has any intention of exercising — the numbers I will file tomorrow. The peg is the peg. What moves around it is the story.
Today the story moved in two directions at once. The first was corporate: reporting…