RPT-Reform or risk? Saudi Arabia investors try to read the runes:
"Investors hope the sweeping anti-graft probe ensnaring some of Saudi Arabia’s top politicians and businessmen is a sign of reform but those holding its bonds worry about instability. Saudi stocks recovered their losses after the wave of arrests over the weekend, but bonds came under pressure as investors pondered the outlook for the kingdom. Saudi Arabia embarked on an ambitious reform programme including fiscal reforms and a massive privatization programme 16 months ago in a quest to shift its $690 billion economy away from dependency on oil and entice investors."
'via Blog this'
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