The Two-Trillion Bubble: What Aramco IPO reveals about MBS’s 2030 Vision


The Two-Trillion Bubble: What Aramco IPO reveals about MBS’s 2030 Vision

The disconnect between Saudi imperatives and the expectations of Western governments and financial markets who repeatedly focussed on unmet Saudi time indications of the Aramco IPO rather than broader policy statements fit a pattern of misperceptions.

Dr. James M. Dorsey
Tuesday, 18 September 2018 08:26 GMT


A Saudi decision to indefinitely delay an initial public offering (IPO) of five percent of the Saudi Arabian Oil Company or Aramco, the Saudi state-owned oil company, has further dented investor confidence and fuelled debate about Crown Prince Mohammed bin Salman’s ability to push economic reform. It has even prompted speculation that his assertive policies, including the Kingdom’s ill-fated military intervention in Yemen, harsh response to Canadian human rights criticism and failed Saudi-United Arab Emirates-led diplomatic and economic boycott of Qatar, could dampen his prospects of eventually ascending the throne.


Read further on: http://studies.aljazeera.net/en/reports/2018/09/trillion-bubble-aramco-ipo-reveals-mbss-2030-vision-180918075517829.html

Comments

Post a Comment

Popular posts from this blog

Intellectual honesty in Israel & Palestine produces radically different outcomes

Image
  Just published! By James M. Dorsey To watch a video version of this story or listen to an audio podcast click here . Thank you for your support and loyalty. Intellectual honesty is a rare commodity in the divide between Israelis and Palestinians. It is even rarer with the rise of Jewish ultra-nationalism and a generation of Israelis and Palestinians nurtured on prejudiced, biased, and often supremacist perceptions of the other. The irony is that historically, it was far-right militants, and currently, it is fringe left-wing intellectuals who displayed intellectual honesty, even if their conclusions differ radically. With few exceptions, intellectual honesty has long been lost on the Israeli right and left. What intellectual honesty survives is posited in fringe pockets of the left that propagate a paradigm cultural change on both sides of the Israeli-Palestinian divide that goes against the grain of mainstream Israeli and Palestinian thinking and, in today’s fog of war, has
Read more

Israeli & Palestinian war crimes? Yes. Genocide? Maybe. A talk with Omer Bartov

Image
  To watch a video version of this story on YouTube please click  here. An audio podcast is available on Soundcloud. Hi, and welcome to the Turbulent World with me James M. Dorsey, as your host. Words matter. No more so than in legal settings. Genocide is the word most associated with Israel's more than one-month-long assault on Gaza. In response to the October 7 Hamas attack against Israel, in which at least 1,200, mostly civilian, Israelis were killed. Genocide and Holocaust scholars, including those who believe that Israel has and is committing war crimes in its assault are divided about whether Israeli actions amount to genocide. Even so, they warn that Israeli actions could lead to genocide, if it not already has. What is certain is that optics streaming out of Gaza of the destruction and the plight of innocent Palestinian civilians, including large numbers of children and babies, explain the popular use of the term genocide when discussing the Israeli assault.
Read more

Pakistan caught in the middle as China’s OBOR becomes Saudi-Iranian-Indian battleground

Image
By James M. Dorsey Pakistani General Raheel Sharif walked into a hornet’s nest when he stepped off a private jet in Riyadh two weeks ago to take command of a Saudi-led, 41-nation military alliance. Things have gone from bad to worse since. General Shareef had barely landed when Saudi Deputy Crown Prince Mohammed bin Salman dashed the Pakistani’s hopes to include Iran in the alliance that nominally was created to fight terrorism rather than confront Iran. The general’s hopes were designed to balance Pakistan’s close alliance with Saudia Arabia with the fact that it shares a volatile border with Iran and is home to the world’s second largest Shiite Muslim community. General Sharif’s ambition had already been rendered Mission Impossible before he landed with Saudi Arabia charging that Iran constitutes the world’s foremost terrorist threat . In a recent interview with the Saudi-owned Middle East Broadcasting television network, Prince Mohammed, who also serves a
Read more