Saudi Arabia's Stock Takes A Hit After News Of Journalist Jamal Khashoggi

Entertainment (now) 2018-10-15

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Saudi Arabian shares fell after the disappearance of journalist Jamal Khashoggi. According to CNN, the main stock market index in Riyadh fell as much as seven percent. This is a hit for Saudi Arabia’s plan to veer away from its economic dependency on oil. Crown Prince Mohammed bin Salman aims to grow foreign investment, tourism and the private sector. United Nations reported that Saudi Arabia’s foreign investment fell to $1.4 billion in 2017.

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