Meanings of uae dirham in English

Shares on the DFM are listed in UAE dirhams and follow local rules.

The UAE dirham is pegged to the dollar, limiting its room to pursue independent monetary policies.

The UAE dirham is pegged to the greenback, so Dubai has become more expensive for many foreign visitors and investors.

The dollar, against which the UAE dirham is pegged, has gained about a fifth versus the euro and sterling since mid-2014.

A spokesman for the IDEX defense conference said the UAE had also announced military deals worth 1.1 billion UAE dirhams with local companies.

The Dubai World special tribunal had yet to decide on 900,000 UAE dirhams ($245,000) in additional costs and interest claimed by O'Donnell.