MSCI Middle East chief sounds Saudi warning

The Middle East head of index provider MSCI has issued a reminder that Saudi Arabia’s stock market won’t be included in its equity indices until the summer of 2017 at the earliest, countering bullish forecasts for foreign investor inflows. The Capital Market Authority (CMA), Saudi’s market regulator, announced earlier this year that foreign investors would be allowed to invest directly into the country's largest stock exchange, the $560 billion Tadawul All Share Index, from next y…