Saudi Arabia bonds, stocks take U.S. sanctions mostly in stride

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Saudi Arabia's 2060 Eurobond rose on Friday after Crown Prince Mohammed bin Salman was spared U.S. sanctions over the 2018 killing of journalist Jamal Khashoggi, though short-term debt and a basket of Saudi stocks ended lower.

FILE PHOTO: Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

“MBS will avoid sanctions but likely be persona non grata with the Biden administration as long as the king is alive,” said Beth Morrissey, managing partner at Kleiman International Consultants, adding that the Saudi bonds were responding to both the non-sanctioning of the crown prince as well as oil prices.

Daniel Kern, chief investment officer for TFC Financial Management in Boston, said he expected the report would have a limited impact on foreign investment in Saudi Arabia.

 

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We stand with MBS, so stop sticking your nose in Saudi issues...

Sooner or later, they won't need to buy the stuff from the 'good ole yooessovayee, 'cos they'll have enough materiel to further their own agenda. Thanks, umerica! Wankers.

What about the actions of Obama and Hillary Clinton depend on the killing of the US ambassador to Libya?

Then comes the dilemma, wanna get into the morality business and lose hundreds of billions, or continue the lucrative arms business.😩

AllOfUsMBS

Príncipe asesino!

Américains are really creazy

If Joe Biden thinks he can twist our hands, he is mistaken. The world has seen Joe's weakness in dealing with the Iranian regime. Iran has killed several American soldiers in Iraq and sleepy Joe did nothing.

Maybe start by not selling them arms !! 🇳🇿

He is Our hero 💚 Our pride 💚 Our hope 💚 Our future💚 AllOfUsMBS we are all Mohammad Bin Salman

Of course they aren't going to take a hit. Nothing's going to happen to Saudi Arabia. The majority of the funding for most anti-US terrorism has been coming from there since before 9/11 and the US does nothing to spank them.

Murderer in the photo !

you need to go there!!!!!

WE ARE ALL AS SAUDI SUPPORT OUR HERO MBS ♥️♥️♥️♥️♥️♥️🇸🇦🇸🇦

Watch

this is terrible news

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