Saudi Arabia's stock market ended lower on Sunday, ending three sessions of gains, in response to Friday's fall in oil prices and global shares.
to study the economic and technical feasibility of developing a new petrochemical complex to be integrated with an existing refinery in Yanbu, Saudi Arabia.lost 1.1% and touched its lowest level in over a month, as a hawkish tone from central bankers and weak data stoked recession fears.
The Fed was one of a slew of central banks that jacked up interest rates and signalled that the fight to tame inflation this week was mounting Most Gulf Cooperation Council countries, including Saudi Arabia, have their currencies pegged to the U.S. dollar and follow the Fed's policy moves closely, exposing the region to a direct impact from monetary tightening in the world's largest economy.declined 2$, extending losses from the previous session when it retreated from over four-year highs.
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