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DUBAI, United Arab Emirates (AP) — Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said Monday.
investors flocked to the currency hedged ETFs in Q1 to tap the bullish international fundamentals dodging the effects of a strong greenback.
The deputy governor of Saudi Arabia's investment authority says the country faces challenges attracting foreign investment outside its oil and gas sectors, but that several initiatives in place are helping to change investors' perceptions.
The United Arab Emirates is at an advanced stage of drafting a foreign investment law to allow 100 percent foreign ownership of businesses in some sectors, the country's economy minister said at a conference on Monday. Sultan bin Saeed al-Mansouri also revealed new foreign direct investment into…