They spoke on condition of anonymity because of the sensitivity of the matter. Gulf investors sold a net $92.5 million of Dubai stocks on Tuesday, the most since February. Prince Alwaleed bin Talal, the world’s 61st-richest person, also was arrested.The purge is affecting some of Saudi Arabia’s richest families. Lebanese Prime Minister Saad Hariri resigned on Saturday, announcing his decision from Saudi Arabia and blaming Iran and the Hezbollah militants it backs for the his decision.Kuwait’s SE Price Index has lost 4.4 percent, while Dubai’s DFM General Index fell 4.8 percent. “Those centers should remain beneficiaries if more money moves out.”

Source: Economic Times November 09, 2017 13:18 UTC