However the Supreme Court decides, history suggests the levies will induce lasting structural shifts, similar to a targeted steel regime that was briefly deployed more than 20 years ago.

Boston giant opens Riyadh as a regional HQ, while reportedly in talks to enter India's well-poised - though historically tricky - mutual fund market. State Street Investment Management has announced a new footprint in Saudi Arabia, following a strong second-half trend of major global institutions opening up shop in the Kingdom, as well as the wider GCC. More than a typical satellite, Riyadh will also serve as a regional headquarters for the wider MENA region following its of