How Fed's interest rates decision affects economic policies and consumers in the Gulf

It’s a big week for global economies tied to the dollar with the US Federal Reserve widely expected to cut interest rates at its meeting.

Interest rates are a signal of how the Fed views the health of the economy and where it thinks things are heading. The decision heavily affects the economies of Gulf countries such as the Saudi Arabia, the UAE and Bahrain, whose currencies are tied to the dollar.

It also directly affects consumers. For example, a cut could make it cheaper to borrow to buy a car or a home, and to use your credit card, but may also lower returns on your savings.

Fed poised to cut US interest rates as White House pressure grows

In this week's Business Extra, host Salim Essaid is joined by James Swanston, a senior Middle East and North Africa economist at Capital Economics, to explain how the Fed's decision on interest rates could ripple through the region’s economies.

On Women's Day

Dr Nawal Al-Hosany: Why more women should be on the frontlines of climate action

Shelina Janmohamed: Why shouldn't a spouse be compensated fairly for housework?

Samar Elmnhrawy: How companies in the Middle East can catch up on gender equality

The National Editorial: Is there much to celebrate on International Women's Day 2021?

While you're here

Damien McElroy: It's too early to say who will win the vaccine hurdle race

Mustafa Alrawi: To get the 'jab' done, governments must show patience and empathy

Editorial: The fight against Covid-19 should be guided by science

German intelligence warnings

2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250

Source: Federal Office for the Protection of the Constitution

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Asia Cup 2018 Qualifier

Sunday's results:

UAE beat Malaysia by eight wickets
Nepal beat Singapore by four wickets
Oman v Hong Kong, no result

Tuesday fixtures:

Malaysia v Singapore
UAE v Oman
Nepal v Hong Kong

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Cryopreservation: A timeline

Keyhole surgery under general anaesthetic
Ovarian tissue surgically removed
Tissue processed in a high-tech facility
Tissue re-implanted at a time of the patient’s choosing
Full hormone production regained within 4-6 months

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

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Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.