Transport Infrastructure
Investors in the Gulf are awaiting US Fed decision
Gulf equities had a mixed start to trading on Tuesday, as higher oil prices provided some support. However, investors remained cautious ahead of the highly anticipated monetary policies verdict from the U.S. Federal Reserve scheduled for Wednesday. Investors are closely monitoring the updated "dotplot" of policymakers and Jerome Powell's guidance. The Fed's position has a lot of weight in the Gulf region, where the majority of currencies are pegged with the U.S. Dollar, thereby anchoring the regional monetary policies. Saudi Arabia's benchmark index rose 0.1% after bouncing from a two-year low in the previous session. Consumer discretionary shares and utilities...