Major stock markets in the Gulf were little changed in early trade on Wednesday ahead of the U.S. Federal Reserve's interest rate decision.
Investors are awaiting a raft of central bank interest rate decisions this week to assess the outlook for economic growth and fuel demand.to keep interest rates on hold, but the focus will be on its projected policy path.
The six-member Gulf Cooperation Council's monetary policy is usually guided by the Fed's decision as most regional currencies are pegged to the U.S. dollar.
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