The Middle East must avoid making the same investing mistakes as Europe, Larry Fink says

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The Middle East must avoid making the same investing mistakes as Europe, Larry Fink says
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International investors flocked to lend money to Saudi Arabia's hugely profitable state-owned oil company earlier this month.

The Middle East must tread carefully to ensure it does not make the same investment mistakes as Europe, according to the CEO of the world's largest asset manager.

"The region should not make the mistakes that so many other regions , like in Europe, where there is such shallow participation by locals in investing in their own capital markets," he added. Demand for Saudi Aramco's bonds surged above $100 billion, according to a source familiar with the situation, more than 10 times the $10 billion that had been expected.

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