CIDISS. The missing case of a well-known Saudi Arabian journalist Jamal Khasoggi has an impact on the weakening of the Riyal currency, the currency of the Absolute Monarchy Kingdom’s country fell to its lowest level in two years and its international bonds slumped on Monday (10/15/2018), Saudi Arabia plunged free of 7% due to concerns that inflows of foreign investment could shrink as Riyadh faces pressure over the loss of Jamal Khasoggi. Reported Reuters, 15 October 2018 The Saudi Arabian Riyal is recorded at 3.7524 against the US dollar in the market on Monday morning, this is the lowest value after September 2016.
The index has experienced a daily decline in the biggest number since 2014, as the decline in oil prices, the largest petrochemical producer shares in the bay area fell by 7.9%. “This is a political environment. The market reacts negatively to sentiment around the typical case and political noise around it. Said Salah Shamma, chief investment officer for the Franklin Templeton Emerging Markets Equity region, the Great Global Fund Manager. The Saudi Exchange reported that foreigners sold 1.62 billion riyals of shares, and bought 995.8 million riyals.
Typically lost when he was going to take care of marriage documents at the consulate of Saudi Arabia, Khasoggi was a senior journalist who later criticized often in opposition to the kingdom of Saudi Arabia, Khasoggi and US citizens were declared missing on October 2 after entering the Saudi consulate in Istanbul Turkey.
US President Donald Trumph said he would sanction Saudi Arabia if it turned out to be killed at the Consulate, media company companies and several technology executives had withdrawn from the main Saudi investment conference scheduled to take place next week in Riyadh because of increased anger over the case.
Jamal was a very critical journalist and in the beginning was very close to the royal family, Prince Alwaded bin Talal entrusted Khasoggi to establish an Al-Arab television company based in Bahrain which was predicted to be a heavy competitor of Aljazeera, due to frequent reports from the Bahraini Government, and considered supportive of the opposition, finally the company’s permit was closed, Jamal was also young and had several times interviewed Osama Bin Laden last in 1995 in a Goa in the Sudan region.
By: Rikky, S *)
