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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The Swiss stock exchange ended Thursday’s session with a heavy loss after the Swiss National Bank unexpectedly decided to discontinue its currency ceiling, Vestifinance.ru reports

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Saudi Arabia plans to open its $530 billion stock market to foreigners, a move that will allow the Middle East’s biggest economy to attract more international investments and help reduce its dependence on oil revenue, Prime reports referring to Marketwatch

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