What Caused the Drop in Saudi Stocks?

The video discusses Saudi Arabia's fiscal discipline efforts to attract investors, highlighting the need to reduce the public sector wage bill. It examines the poor performance of the Saudi stock market, dominated by retail investors, and the lack of foreign investment. The discussion shifts to OPEC's role in oil prices, noting the potential for an agreement in November as Iran reaches its production target. The video concludes with an optimistic outlook for oil prices as inventory levels decline.

What is the significance of the IMF's recommendation for Saudi Arabia's public sector wage bill?

What are the expectations regarding oil prices and OPEC's agreement in November?