Mideast Shares Dive, Egypt Plunges 9%, Aramco Slashes Capex 24%

Mideast Shares Dive, Egypt Plunges 9%, Aramco Slashes Capex 24%

Officials in the Mideast rolled out measures aimed at ensuring ample liquidity amid the most volatile period for global markets since the financial crisis, but it wasn't enough to stop the selling. The UAE unveiled a "targeted economic support" plan worth around $27 billion, including interest-free collateralized loans to banks and reductions to capital buffers. In other words, a conceptually similar package to those seen across regions. Meanwhile, Saudi Arabia is spending more than $13 billio
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2 thoughts on “Mideast Shares Dive, Egypt Plunges 9%, Aramco Slashes Capex 24%

  1. What? Didn’t they receive their autographed Friday Close rally charts from our Knucklehead-In-Chief? Everything is going great and we’re all gonna be just fine…

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