Saudi shares drifted lower as oil prices eased, with the restart of the East-West pipeline boosting crude flows and Persian Gulf exports returning to their yearly average, adding s
Saudi shares drifted lower as oil prices eased, with the restart of the East-West pipeline boosting crude flows and Persian Gulf exports returning to their yearly average, adding supply just as Middle East tensions cooled. On the domestic front, Riyadh approved a development plan for Tarout Island aimed at drawing investment, part of the broader push to diversify the economy beyond oil. Diplomatic activity continued with the Crown Prince meeting the UAE's Vice President in Riyadh, keeping regional cooperation in focus while investors weighed the softer energy backdrop.
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