Middle East
Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold
Brent crude futures edged up by 3 cents to $71.45 a barrel
This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
Recent gains place the dollar on track for its best month since April 2022
Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel
U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices
Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel
New survey highlights marked improvements in the region’s Capital Expenditure and Employment indices
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025
