Gulf Arab central banks wasted little time in following the Federal Reserve’s interest-rate increase, maintaining a commitment to the U.S. dollar peg even as their economies struggle with low oil prices and the strong greenback. Policy makers in Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain and Qatar raised their benchmark interest rates within hours of the Fed’s decision to increase U.S. rates by a quarter point to 0.75 percent. The monarchies making up the six-nation Gulf Cooperation Council have maintained the peg for decades, given their reliance on oil exports. Here are the key facts and risks that you need to know. Economic Growth Fed Chair Janet Yellen raised borrowing costs to counter rising inflation expectations as the economy accelerates and unemployment dips below 5 percent. Gulf countries, on the other hand, face slower growth and a cash squeeze in […]