Saudi Arabia opens its stock market to foreigners

15.06.2015 14:08
Saudi Arabia opens its stock market to foreigners

YEREVAN, June 15. /ARKA/. Saudi Arabia is opening one of the world’s most-restricted stock markets to foreigners for the first time on Monday, Bloomberg reports.

The move comes as the biggest economy in the Middle East seeks to reduce its reliance on oil income, which accounts for about 90 percent of government revenue, and as the kingdom burns through foreign reserves at a record pace. –0--


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