Saudi Arabia, home to the Middle East's largest stock market, is allowing citizens of neighbouring Gulf countries to buy and sell shares freely for the first time, reported Bloomberg. Nationals from the five other GCC states can now buy Saudi stocks in any industry and without limit, following the removal of previous statutes that allowed only Saudi citizens and foreigners living in the kingdom to trade banking and insurance stocks.

[AMEInfo.com]



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Posted: 09|26|07 at 8:02 am. Filed under: News.