BUSINESS | Saudi FX Reserve Down Sharply In April To Back Wealth Fund Investments

RIYADH | SAUDI ARABIA – Saudi foreign reserves dropped sharply in April for a second consecutive month as the kingdom used tens of billions of dollars to back investments of its sovereign fund abroad while its economy is hit hard by the new coronavirus. Saudi Arabia, the world’s largest oil exporter, is suffering from historic … More BUSINESS | Saudi FX Reserve Down Sharply In April To Back Wealth Fund Investments