Hussain Abusaaq earned his Ph.D in Economics, MS in Financial Mathematics and MS in Economics from Florida State University. He is a Saudi citizen who has worked for the Saudi Arabian Monetary Agency and the Arabian American Oil Company (Aramco).
Compared to its fellow Gulf Cooperation Council states (GCC), Saudi Arabia’s housing market is the least developed. Only about 3.5% of all home purchases are financed through a mortgage. This number is 17% in the UAE and, by example, 70% in the UK and USA.
Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.
In a new analysis from contributor Hussain Abusaaq, the potential opening of Saudi Arabia's Stock Market, or Tadawul, might benefit both Saudi Arabia and foreign investors.
