Bankers Call Time on Saudi Arabia - Bloomberg:
"The oil-rich Gulf monarchy of Saudi Arabia is a money magnet for global finance.
Its sovereign wealth fund is barreling tens of billions of dollars into foreign asset managers. Its alliance with SoftBank Group Corp. is buying into startups and skyscrapers. A much-hyped listing of oil giant Saudi Aramco has London and New York at its feet. A scheme to diversify the economy away from hydrocarbons and open the doors to foreign capital will unleash a torrent of cash."
'via Blog this'
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