EMEA: Proceed with caution

Author: | Published: 31 Oct 2014
Foreign issuers may not be tempted by Saudi’s reforms
Authorities in Saudi Arabia are reportedly drafting a new framework that will allow foreign investors to buy riyal-denominated debt instruments for the first time.

The announcement was a significant moment in the history of the Gulf Cooperation Council (GCC), marking another step in the opening up of what has, to date, been one of the most restricted financial markets in the world....