Gulf Times - US-Federal-Reserve
Qatar has sufficient resources to support dollar peg: EIU

Qatar has sufficient resources to support dollar peg: EIU

All Gulf Cooperation Council countries peg their currencies to the US dollar, with the exception of Kuwait, which pegs its currency to a basket of currencies of which the US dollar is most dominant.

Qatar central bank raises lending and deposit rates

Qatar central bank raises lending and deposit rates

The Qatar Central Bank (QCB) raised its overnight lending rate by 25 basis points to 5%, clearly tracking the US Federal Reserve, which on Wednesday tightened policy by a similar margin.

Fed rate hike expectations have dampening effect on QSE

Fed rate hike expectations have dampening effect on QSE

Expectations on a rate hike by the US Federal Reserve and slow expansion in the domestic economy had their dampening effects on the Qatar Stock Exchange (QSE), which lost 185 points during the week.

Oil prices retreat from $50 on oversupply concerns, stronger dollar

Oil prices retreat from $50 on oversupply concerns, stronger dollar

Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply.