ANALYSIS: Money flees Saudi Arabia at rapid pace | Middle East Eye
▻http://www.middleeasteye.net/news/analysis-money-flees-saudi-arabia-rapid-pace-1866086512
New research shows the kingdom saw tens of billions of dollars of capital leave the kingdom each year from 2012 up to and including last year. Next year there will be more of the same, states the March-dated report from the DC-based think tank, the Institute of International Finance (IIF).
“Core capital flows ran at a substantially negative pace last year... with little sign of improvement in the data through Q3 2017,” the report stated.
Capital refers to cash and other economic assets. In the case of the study, IIF analysts removed overseas borrowing made by the kingdom. The result is the so-called “core capital flow”.