Saudi Arabia opens 530bn stock market
Saudi Arabia is to open its stock market to direct investment by foreign financial institutions (FFIs) in the first half of next year, giving them access to its $530bn bourse.
Saudi Arabia is to open its stock market to direct investment by foreign financial institutions (FFIs) in the first half of next year, giving them access to its $530bn bourse.
UAE and Qatar will only see modest investment initially after being reclassified as emerging markets, says a leading asset manager.
As other economies around the world have continued to falter in their attempt to return to sustained growth, the Middle East and in particular the United Arab Emirates (UAE) has shown green shoots of recovery and indeed growth in certain sectors.