Middle East
The number of oil and gas rigs deployed in the U.S. last week hit the highest since mid-September
Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel
Markets currently see a 70.1 percent chance of a 25-basis-point cut by the Federal Reserve in 12 days
AI expected to generate $8.5 billion for GCC media and entertainment by 2030
Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel
PwC’s Hopes and Fears report reveals that only 33 percent of employees in the Middle East feel their well-being is a priority at work
Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting
Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel
The group will likely extend its output cuts until the end of the first quarter of 2025 amid supply concerns
The dollar index was up 0.07 percent to 106.52, reducing gold’s appeal among holders of other currencies
In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50
