“You can look at Saudi as a sleeping giant who has finally woken up with a great deal of pent-up energy striving to catch up with and overtake those around him. Lots of pressure is being applied in particular on international firms and organizations to domicile their regional headquarters in Saudi… comes with the promise of significant economic benefit to these organizations with large lucrative mandates being awarded to those who complied.” May Nasrallah, founder and executive chairwoman of boutique advisory firm deNovo Partners, which recently received a provisional license to establish their local operations, Banking Giants Race to Riyadh as MBS Steps Up Pressure Campaign [Bloomberg]