March 23, 2018

Mohammed bin Salman 'cultured, visionary': Pope Tawadros

13 March 2018, 01:18 | Winston Chapman


Caricature of Mohammad Bin Salman and Netanyahu- Cartoon

Cities including London and NY have for months been vying to be awarded the deal, but Saudi Arabia's energy minister, Khalid al-Falih, last week said that the company was too important to risk a transaction in the U.S., because of litigation concerns that could stem from existing lawsuits against other oil firms for their role in climate change.

Saudi Crown Prince Mohammed bin Salman is "pleasant, open-minded, cultured and visionary", Coptic Pope Tawadros II said in a Monday statement.

London still had a good chance to secure the listing, which would value the company at $2-trillion, but a foreign flotation would likely happen only in 2019 at the earliest, according to the FT.

After a stunning decree by the Saudi King Salman, allowing women to drive in 2018, the Saudi Ministry of Transport invited Saudi Women to "Safe Driving Environment" forum.

Saudi Arabia themselves have qualified for this summer's World Cup in Russian Federation - while Iraq missed out.

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.

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In a bid to allow non-Muslim tourists to visit historic sites such as Jeddah, Riyadh and the ancient city of Mada'in Saleh, Saudi Arabia is planning to issue tourist visas.

Passive investment funds that replicate MSCI indexes would need to put 4% of their funds allocated to emerging market indexes into Saudi shares to match the country weighting.

They have denied any allegations of abuse and have portrayed the Ritz episode as an orderly legal process that has wound down. "Kate Osamor, the shadow worldwide development secretary, said the move allowed the Saudi government to "whitewash" its reputation and role in the Yemen war..." 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.

Sources have told Reuters it requires a bourse at least six month to prepare for a listing so a decision would need to be taken in April for the IPO to go ahead this year.

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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