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profishingrods.com September 26, 2018


Trump to host Saudi Arabia's controversial crown prince

13 March 2018, 01:20 | Regina Holmes

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In an interview with Bloomberg Television last week, Saudi Arabia's energy minister, Khalid al-Falih, hinted that an Aramco offering would probably come next year, asserting that the timeline would make little difference.

In addition, while some Saudi officials - reportedly including Prince Salman himself - are said to favour a listing on the NY exchange, others involved in the process have said that a presence in the United States could expose the kingdom to lawsuits.

The FT report said London has a "good chance" of securing the listing, citing insiders briefed on the negotiations.

"Speaking up your mind, this is a crime in Saudi Arabia".

Saudi Arabia's King Salman has promised to build Iraq a football stadium in Baghdad capable of holding about 135,000 people and making it the biggest in the world.

Saudi Arabia is understood to be close to entering a recession after the country spent a third of its reserves in the last three years following a drop in oil prices.




In the meeting, the United Kingdom also stressed the importance of opening ports to allow aid to enter Yemen, following the blockage of ports by the Saudi coalition. Looking at single country equity funds, Saudi Arabia attracted record setting flows as investors looked for alternatives to Russian Federation and Turkey, the data showed. The prince was expected to visit Washington, New York and Boston, a Saudi government source had told Reuters, adding that the details of the trip were yet to be finalized.

In November, US President Donald Trump publicly courted Saudi officials to list Aramco on the New York Stock Exchange on Twitter. Petrol giant Saudi Aramco's initial public offering, potentially the largest stock sale ever, had been originally scheduled for the second half of this year.

A final decision will be made by Mohammed bin Salman, who oversees the kingdom's economic and oil policies.

Tadawul's chief said in October that his exchange hoped to be the only venue. Aramco could also sell shares in China in a private placement.

Evidence of such abuse has been slow to emerge, but officials from two western governments said they deemed the reports credible.



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