GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf countries’ currencies are pegged to the dollar
One of the main sources of concern for the Qatari banking system has been the build-up of external debt
The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation
Inflation and interest rate forecasts will remain crucial in 2023
Spot gold was little changed at $1,674.62 an ounce as of 7.48am in Singapore
Central banks globally are set to keep raising interest rates to fight inflation, weighing on non-yielding assets like gold
Bitcoin dropped as much as 0.8 per cent to $19,591 on Sunday and was little changed as of 7.50am in New York
Bullion is heading for a fifth monthly decline, the longest such stretch in four years
Investors have backed away from commodities in recent months as slowing growth feeds concern that energy usage will drop
Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points
An electric car now costs $61,000 on average
Oil is still up more than 50 per cent this year after rebounding demand combined with upended trade flows
Bitcoin and the rest of the cryptocurrency complex has struggled in recent months as the Federal Reserve hikes interest rates
Bitcoin has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high
The base rate suggests the general stance of the Central Bank’s monetary policy
Crypto assets have all been weighed down as the Federal Reserve and other global central banks raise interest rates
Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide
Oil has rallied in the opening weeks of 2022 on the continued recovery in energy consumption
The emirate’s mortgage market has seen significant changes in the past few years, making it more accessible and attractive
Gold has had a solid run higher throughout 2020