Thursday, 19 April 2018

Saudi reforms should bring flood of foreign funds next year

Saudi reforms should bring flood of foreign funds next year:

"Saudi Arabia’s inclusion in global equity indexes and the planned privatization of oil company Aramco are expected to bring big inflows of overseas money into the kingdom next year.

This should help Riyadh rebuild its financial reserves and fund investment plans after the 2014 plunge in oil prices that cut export earnings and deprived the banking system of funds.

Reversing the trend would shift the outlook for an economy which shrank last year for the first time in nearly a decade. "



'via Blog this'

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