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Saudi stocks tumble as tensions surge after Aramco drone attacks
September 15, 2019--Saudi Arabian stocks sank after drone strikes highlighted the vulnerability of the kingdom's oil facilities to terror attacks.
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IMF Staff Country Report-Saudi Arabia: Selected Issues
September 10, 2019--POLICIES TO DRIVE DIVERSIFICATION FOR SAUDI
ARABIA1
Diversification is needed to create jobs for Saudis and to mitigate the impact of uncertainty in oil markets. While the business climate should be improved, and remaining infrastructure gaps addressed, reforms need to go beyond these areas.
Diversification in Saudi Arabia that creates jobs for nationals
could be held back by the effects of relatively high wages and their impact on cost competitiveness.
Creative solutions are needed to address the impact of high government wages and employment on
competitiveness. Industrial policy could help overcome the incentives that encourage companies to
focus on the non-tradable sector, but should be handled carefully, keeping lessons from other
countries’ experiences in mind. Export orientation and competition are crucial mechanisms to ensure
discipline. Strengthening human capital to raise productivity and provide workers with the skills
needed in the private sector will be essential to success.
view the IMF Staff Country Report-Saudi Arabia: Selected Issues
Mideast Stocks: Saudi stocks slide as funds turn bearish
August 28, 2019--Saudi Arabia's stock market fell sharply on Wednesday with all its banking shares dropping as receding fund inflows dampened investor appetite on a day when second phase of Saudi stocks joined the MSCI emerging markets index.
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Mideast Stocks: Banks lead Saudi lower, UAE extends gains
August 27, 2019--Saudi Arabia's shares gave up early gains on Tuesday as banks led the index lower, while markets in the United Arab Emirates extended gains after a recent sell-off made stock valuations more attractive to investors.
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Mideast Stocks: Saudi stocks up ahead of MSCI entry, fund inflows boost Qatar, UAE
August 27, 2019--Saudi Arabian stocks closed higher on Tuesday as investors bought ahead of the addition of more Saudi stocks to the MSCI emerging markets index, while the United Arab Emirates and Qatar markets also gained.
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Mideast Stocks: Saudi inches up as trade tensions ease, cheaper valuations lift UAE
August 26, 2019--Saudi Arabia's stocks bounced back from earlier losses on Monday with the United States and China seeking to soothe trade tensions, while markets in the United Arab Emirates rose after recent sell-offs made stock valuations more attractive.
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Mideast Stocks: Saudi drops further as trade war intensifies
August 26, 2019--Saudi Arabia's stocks dropped further on Monday after suffering their biggest single-day loss in three and a half months in the previous session as global trade jitters kept the market on the backfoot.
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Mideast Stocks: Saudi inches up as trade tensions ease, cheaper valuations lift UAE
August 26, 2019--Saudi Arabia's stocks bounced back from earlier losses on Monday with the United States and China seeking to soothe trade tensions, while markets in the United Arab Emirates rose after recent sell-offs made stock valuations more attractive.
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Mideast Stocks: Banks drag Saudi market lower amid uncertainty over Fed policy
August 22, 2019--Saudi Arabian stocks were dragged lower by declining financial stocks on Thursday amid uncertainty over Federal Reserve policy following the release of minutes from the Fed's July meeting, while other Gulf markets were mixed.
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Mideast Stocks: Most major Gulf markets fall, banks weigh on Saudi inde
August 21, 2019--Most major Gulf stock markets fell on Wednesday, with Saudi banking shares pushing that index down the most, amid rising regional geopolitical tensions and ahead of U.S. Federal Reserve events.
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