Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed.
Prospectus made public allows a glance into world's largest oil producer but doesn't say how large a stake it intends to sell.
An announcement from the kingdom's Capital Market Authority declaring its approval for the share sale served as a starting gun for an IPO promised by Crown Prince Mohammed bin Salman since 2016.
A window for rapprochement in the Gulf could be in the offing as the US tones down its rhetoric on Iran pushing Saudi Arabia and the UAE to take a step back.
Last month's attack on Aramco oil facilities sparked concerns about Crown Prince Mohammed bin Salman's ability to defend and lead the world’s largest oil exporter.
The drop in the kingdom's credit outlook comes as it faces the risk of being dragged into a regional conflict with Iran.
Saudi Crown Prince Mohammed bin Salman says war [with Iran] would be catastrophic for global growth, in an interview with CBS, followed by more than one percent drop in oil prices.
Saudi Aramco is a massive contributor to climate change and at the same time, actively thwarts international efforts at mitigation.
The first step towards hegemony over the Arab world was the snuffing out of the Arab Spring movements.
The president’s delicate relationship with the Saudi royal family and Trump's re-election campaign are the real targets of the attack on Saudi Aramco.
While the Saudi kingdom has developed a compact fighting mechanism aided by superior air support, Tehran has gained significant battleground experience in the last few decades, accompanied by long-range ballistic capability.
Donald Trump cannot drag the US into another war ahead of an election and Iran is suffering from a crumbling economy and an increasingly frustrated populace.
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