Running the Saudi Family Business
http://www.bloombergview.com/articles/2 ... y-business
The Saudi central bank has yanked $50 billion to $70 billion over the past six months,
Foreign-exchange reserves held at the Saudi Arabian Monetary Agency, the country's central bank, have tumbled from a peak of $746 billion in the middle of 2014 to $669 billion at the end of July.
BlackRock admitted it had suffered $24 billion of net outflows from the region that includes Europe, the Middle East and Africa during the second quarter. That's compared to inflows of $18 billion during the first quarter.
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