(MENAFN- Khaleej Times) In August, the Capital Market Authority proposed rules for opening the market to direct investment sometime in the first half of 2015, including a 10 per cent cap on combined foreign ownership of the market's value. At present, foreigners are limited to investing through swaps and exchange-traded funds.
Under the draft rules, foreign institutions would have to qualify for permission to invest. For example, they would usually need to have at least $5 billion of assets under management, and investment experience of five years.
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