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Saudi stocks dip on emerging market concerns

Share prices on the Saudi stock exchange dived on Wednesday after a panic selloff on concerns a downturn in emerging markets could hit the oil-rich Gulf kingdom. The Tadawul All-Shares Index (TASI) dipped 3.1 percent to a five-month low of 7,719.10 points, partly recovering early losses...

Saudi Arabia is no longer attractive country for Syrians

(EQTSAD)- The number of Syrians in Saudi Arabia is decreasing due to the strict measures and restrictions of the Kingdom over the residents, in addition to the large costs necessary to the renewal of residency annually, which exceeded SAR 12,000 per person (about $ 3,200).  “The...

Aramco letdown causes Saudi equity sell-off

The Arab world’s biggest bourse is losing its appeal to foreigners just two months after it won inclusion in MSCI Inc.’s emerging-market index. That’s because the initial euphoria surrounding Crown Prince Mohammad bin Salman’s efforts to overhaul the nation’s economy has given way to...