#Monetary Policy

Oil holds near lowest since January with demand outlook dimming

West Texas Intermediate was steady below $77 a barrel after sinking more than 8 per cent over the previous two sessions

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold edges higher as greenback wavers amid hawkish rates stance

Bullion ended Monday little changed after tumbling to the lowest level in a month

Oil holds gain as investors assess supply, possible OPEC+ cut

The Organization of Petroleum Exporting Countries and its allies convene on September 5

UAE Central Bank

UAE Central Bank raises base rate by 50 basis points

The base rate suggests the general stance of the Central Bank’s monetary policy

Saudi pension fund says returns hit 14%

The returns were due to its long-term portfolio allocation and market performance

Can GCC banks withstand further shocks due to the pandemic?

GDP growth in the GCC countries will slowly recover from last year’s sharp recession

Philippines extends Manila’s lockdown on surging infections

The government will decide in a week if the capital and nearby areas can shift to a looser lockdown so more businesses can reopen