The price of Brent crude is still below what most of the region’s economies need to balance their budgets
Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines
Gold suffered its second-biggest drop in seven years on the day that Pfizer announced early results showing its vaccine was 90 per cent effective
Kuwait is the only country in the six-member Gulf Cooperation Council that links its currency to a basket dominated by the US dollar, while the others are linked solely to the greenback
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.
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