Most stock markets in the Gulf ended lower on Wednesday.
The Fed has left the policy rate in the current range of 5.25% to 5.5% since July © Mena Today
Most stock markets in the Gulf ended lower on Wednesday, in line with global shares, as investors struggled with the possibility that the U.S. Federal Reserve may not cut interest rates as soon as previously expected.
Fed Governor Christopher Waller said the U.S. is "within striking distance" of the central bank's 2% inflation goal, but it should not rush toward cuts in its benchmark interest rate until it is clear that lower inflation will sustain.
The Fed has left the policy rate in the current range of 5.25% to 5.5% since July.
Most Gulf currencies are pegged to the dollar and any monetary policy change in the United States is usually mimicked by Saudi Arabia, the United Arab Emirates and Qatar.
Outside the Gulf, Egypt's blue-chip index (.EGX30) fell 0.7%, retreating from record highs it hit in the previous session, with Commercial International Bank (COMI.CA) losing 1.8%.
After a sharp contraction earlier this year, Israel’s economy roared back to life in the third quarter of 2025, posting an impressive 12.4% annualized growth, according to preliminary data released by the Central Bureau of Statistics (CBS).
The Dubai Airshow 2025 will take place from 17–21 November at Dubai World Central (DWC) under the theme “The Future is Here,” bringing together the world’s top aerospace and defence leaders for what is expected to be the biggest edition in the event’s history.
Saudi Arabia’s inflation rate remained steady at 2.2% in October 2025, unchanged from September, according to the latest report by the General Authority for Statistics (GASTAT).
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