The kingdom’s Tadawul All Share Index has retreated 4.2 percent since the end of June as value of shares traded for July decreased 25 percent over the previous month, according to reports.
Deputy Crown Prince Mohammed bin Salman and Egypt's President signed the “Declaration of Cairo," reinforcing the strategic alliance between Egypt and Saudi Arabia.
An experimental vaccine for Middle East Respiratory Syndrome (MERS) showed promising results in animal testing, sparking an immune system response that could lead to a vaccine for people, researchers said Tuesday.
Saudi Arabia appointed a housing minister with a background as a real estate developer on Monday and appointed a new head of the Royal Court, according to decrees issued by King Salman.
Latest figures released by Saudi Arabia's Central Department of Statistics show Saudi nonoil exports dropped by 14.5 percent, to $12.5 billion in the first quarter of 2015 compared to 1Q 2014.
