Foreign investors invested a record amount in Saudi Arabia stocks in January 2019. Fears caused by the killing of opposition journalist Jamal Hashkadi outweighed optimism due to the inclusion of the country's stock market in world indices. By the end of January 2019, investors outside the country invested 4.4 billion riyals or $1.17 billion in Saudi Arabia shares. This is the maximum rate since 2015 - the time of the beginning of observations. Shares of Saudi companies will be included in international emerging markets indices in the coming months. Therefore, international institutional investors master the stock market of Saudi Arabia, while domestic investment funds have decreased activity.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...