4.4 • 1.6K Ratings
🗓️ 8 October 2018
⏱️ 35 minutes
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A little over two years ago, Saudi Arabia revealed plans to IPO part of its huge state-owned national oil company. The listing would have been the largest in history and a centerpiece of the Kingdom's efforts to reduce its reliance on oil income and open its economy to the wider world. But in recent weeks, there've been reports that the IPO has been put on ice. So what does this mean for Saudi Arabia's future?
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1:17.3 | My co-host Joe Weisenthal can't be with us today but maybe it works out for the best because today we are going to be focusing on a topic that is very close to something I've been doing for the past couple of years which is living in the Middle East in Abu Dhabi specifically and my move to Abu Dhabi was in the spring of 2016. It coincided with a very, very big event in finance and markets. |
1:49.2 | And that was when Saudi Arabia first started talking about the potential to list part of its |
1:56.7 | giant state-owned national oil company Saudi Aramco. |
2:02.6 | Now, fast forward two years later, |
2:04.8 | we've seen those plans really start to get walked back. |
2:09.2 | And in the meantime, we've had all sorts of developments in Saudi Arabia including a new crown prince Mohammed |
2:17.4 | bin Salman the 32 year old crown prince we've also had a diplomatic rift between the Gulf Cooperation Council |
2:28.0 | nations including Saudi Arabia and Qatar. So really a action-packed two years when it comes to Middle East politics with |
2:35.8 | Saudi Arabia really at the center of it all. I've now left the region so just |
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