Saudi bourse opening may double fund flows to Gulf
The opening of the Saudi bourse to international investors may double the amount of foreign money flowing into Gulf securities markets, making it more attractive to invest in the region but also bringing new risks.
Saudi's Savola says in talks to sell packaging business to Takween
Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries.
MSCI could review Saudi Arabia as emerging market next year
Index compiler MSCI will consult with investors about adding Saudi Arabia to its broader stock indices and could place it on review for classification as an emerging market in June 2015.