Recent revelations about Saudi Arabia's hand in the Jamal Khashoggi affair has marred what is an otherwise engrossing growth story, not just for the largest of the Gulf states, but for other countries in the Gulf Cooperation Council (GCC).
Halfway through this year, the Saudi market was one of the best-performing indices in the world - returning 17.7% by July. There were $3.1bn of international inflows in anticipation of the MSCI inclusion...
The US dollar is close to peaking and the risks now seem to be on the downside.
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