Saudi's Future Investment Conference

This is a Riyadh news story, published by CNBC.

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Saudi capital markets

CNBC

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Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

Summary

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78% Informative

Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom's Future Investment Initiative.

As Saudi Arabia moves full steam ahead with its focus on domestic investment, it's introduced more stringent conditions for foreigners coming to the kingdom to take capital elsewhere.

The kingdom is taking clear steps to scale back spending, as oil prices fall well below its fiscal breakeven figure.

Oil prices drop 4% early Monday after Israel 's weekend strike on Iran .

Saudi Arabia's leading stock market index is up 16.48% in the last year .

Analysts warn that the expanding crises in the Middle East have the potential to cause further instability.

The Tadawul All Shares Index is up by 16% in a year .

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semi-formal

Language

English