Monday 20 February 2012

Hints of Saudi opening cause a buzz - The National

For the time being, Saudi Arabia's stock market remains almost entirely closed to international investors.

However, that has done little to prevent banks from hiring staff and redrawing their strategies in anticipation of the kingdom easing restrictions on access to its capital markets, the largest in the Middle East.

With a degree of giddiness, some banks have speculated publicly that the long-awaited opening could happen as early as next month.

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