Saudi Arabia can be grateful that all emerging markets are not equal | Arab News:
"On first look, it seems like an incredible piece of bad timing, or bad luck, or both. Just as Saudi Arabia is getting ready to celebrate its new-found status as an emerging market (EM), the financial world seemed to suddenly decide it didn’t like the EM thing after all. For most of last week, many EM currencies, stocks and bonds suffered a sharp sell off, spooked by a surge in the value of the US dollar, which sucked funds out of what used to be called the “developing markets”."
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