Market Chatter: Morgan Stanley Gets Regulatory Approval to Set Up Middle East HQ in Saudi Arabia
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International investment banks such as Morgan Stanley and Citigroup have successively been allowed to set up regional headquarters in Saudi Arabia.
① morgan stanley and other investment banks such as Citibank have successively been approved to establish regional headquarters in Saudi Arabia; ② Saudi Arabia previously issued new regulations stating that starting from 2024, the Saudi government will no longer cooperate with foreign enterprises that have not established regional headquarters in Saudi Arabia.
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