US market fragility a matter of concern for Saudi Arabia | Arab News:
With all that is going on in Saudi Arabia, it was understandable that those at last week’s Future Investment Initiative in Riyadh did not pay too much attention to global markets.
They came to hear how the Kingdom’s economic policymakers would react to the repercussions of the death of Jamal Khashoggi, and were not minded to pay too much attention to the broader geo-financial background. But, to paraphrase a quote from Leon Trotsky, you may not be interested in financial markets, but financial markets are interested in you.
Economic Minister Mohammed Al-Tuwaijri did make the point that the government’s privatization plans, including the big initial public offering (IPO) of Saudi Aramco, depended in the last resort on the state of the world’s markets. The Aramco IPO, now slated for 2021, is so far away that it’s hard to predict how global equity markets will look by then.
No comments:
Post a Comment