Saudi Arabia experiences new Golden Era of Wealth with Oil over $100 per barrel

New York, NY (Bloomberg.com): Credit Suisse Group recommended buying shares of Al Rajhi Bank, Saudi Arabia’s biggest bank by market value, as well as Saudi Arabian Fertilizer Co. and said the country is in a “golden era.”
The brokerage also initiated coverage on Riyad Bank and Almarai Co. with “outperform” ratings. Saudi Basic Industries Corp., the [...]