Sabic

But reopening also carries with it fresh risks. A second wave of infections would reverse recent market gains and optimism about an economic recovery if it triggers another round of bruising shutdowns. Without a vaccine, it's hard to say for certain what the next chapter holds for riskier assets like stocks. … [Read more...] about Markets look vulnerable as countries ease lockdowns

The other serious challenge, analysts say, is that the burden of the economic diversification effort is being carried by the government itself with little in the way of foreign direct investment, which spiraled lower after the government clawed back $107 billion from 381 wealthy Saudis, many of whom were arrested and held at the luxury Ritz-Carlton hotel in Riyadh starting in 2017. Foreign direct investment remains at only a quarter of its level a decade ago. … [Read more...] about Saudi crown prince’s economic master plan could be derailed by oil price crash