An investor walks past a screen displaying stock information at the Saudi Stock Exchange in Riyadh June 29, 2016. — Reuters pic
Almost all the listed stocks on the Arab world’s largest bourse were in the red just minutes after the start of trading. “Some of these measures could be painful,” he said in an interview with Saudi-owned news channel Al-Arabiya. Saudi Jadwa Investment, an independent think-tank, forecast Thursday that the kingdom would post a record US$112 billion budget deficit this year.
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