The year began with an escalation in tensions between Iran and the kingdom of Saudi Arabia. They are the two most powerful countries in the Middle East and form the foundation of the Sunni-Shia conflict in its present form. This schism has plagued the region since the 600s. The existing rift will not only prevent a wider peace in the area, it could easily expand into a struggle that will plunge the entire vicinity into an internecine war, that will devastate most […]
Middle East
Saudi Arabia Finally Opens Up Stock Market To Foreign Investment
Investors will finally have the opportunity to enter the largest stock exchange in the Middle East. At $590 billion USD (United States Dollar), Saudi Arabia will partially open up the market on June 15th. The new regulations will come into force on June 1st in time before the inaugural change that takes place two weeks later. Investment will be limited to qualified foreigners that have at least $5 billion USD in assets under management. This will give a distinct advantage to banks, […]