#dollar

Saudi Arabia returns to dollar-debt market to boost finances

The price of Brent crude is still below what most of the region’s economies need to balance their budgets

Gold heads for best close in six weeks

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’s big question: Can the bull market outlive a pandemic?

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-HEALTH-VIRUS-ECONOMY

Kuwait Central Bank denies plan to devalue, stands by peg

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

UAE Dirham Will Remain Pegged To US Dollar – Central Bank

The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.