Iran Can Ignore Saudi's Market Lesson - Bloomberg Gadfly:
"For all the meltdown in relations between Iran and Saudi Arabia, the two Middle East countries have got something in common -- at least in terms of markets.This time last year, Saudi authorities promised to open the country's stock market to an anticipated wave of direct foreign investment. In 2016, it's Iran's turn -- if sanctions are lifted soon, then a tide of foreign money could flood in.But that's where the similarity ends. The Saudi market's opening has been a short-term flop thanks mostly to the slump in the price of oil. The Tadawul All Share Index slumped 17 percent last year -- a miserable run that coincides with the move to let foreigners put money directly into shares, which took effect in June. "
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