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Saturday, 9 September 2017

Saudi Arabia Slows Down To Speed Up - Bloomberg Gadfly

Saudi Arabia Slows Down To Speed Up - Bloomberg Gadfly:

"Watching stuff slow down but somehow feeling like things are speeding up sounds like something that might happen in hyperspace -- or, you know, Saudi Arabia in 2017.It appears the government's ambitious reform plan, sprung upon the world with great fanfare last year, was perhaps a tad too ambitious. Reports emerged this week that it will get a do-over to make it "more focused". Given some of the problems experienced so far in giving Saudi Arabians a taste of reform, plus the sheer magnitude of the proposed overhaul, the correct response to this news is something along the lines of "like, duh."Anyone with an eye on the oil market or the proposed IPO of Saudi Arabian Oil Co., or Saudi Aramco, should consider the timing, however."



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