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Saudi stocks slide after govt reveals austerity steps

Saudi Arabia's main stock index tumbled 3% in early trade on Tuesday after the government said it would cut ministers' salaries by 20 percent and scale back financial perks for public sector workers under an austerity drive.

20 hours ago-Reuters
equities

Banks, drugs drag down Wall Street |

U.S. stocks fell ahead of the presidential debate. But as Fred Katayama reports, concerns over global growth may have been a bigger factor dampening investor sentiment. |

1 day ago-Reuters Videos
equities

Half of UAE investors present optimistic view of 2016

Half of the investors in the UAE suggested an optimistic view of their investments in 2016, a far cry from 2015, when they received lower return, even though oil prices remained a top concern, a survey conducted by Old Mutual International, and Quilter Cheviot, Investment Management firm, revealed.

1 day ago-Gulf News

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