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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums10 days ago: Kushner secretly traveled to Saudi Arabia. Today: out of nowhere, Trump requests Saud
Something to keep an eye on.
Pé Resists? @4everNeverTrump
10 days ago: Kushner secretly traveled to Saudi Arabia.
Today: out of nowhere, Trump requests Saudi-owned Aramco to do its IPO in the US.
Link to tweet
Link to tweet
Michael D? @mjdibatt87 6h6 hours ago
Replying to @4everNeverTrump @kim
Im telling you this is insider trading in plain sight.
1 reply 5 retweets 18 likes
New conversation
SUSAN? @stacksusan7 1h1 hour ago
Trump shilling for GS to get IPO...Gary Cohns fingerprints all over this. Consolation prize for no Fed....
0 replies 0 retweets 1 like
End of conversation
Susan Daniel? @SusanDa50168535 8h8 hours ago
Replying to @4everNeverTrump
Insider trading or stock manipulation?
0 replies 2 retweets 10 likes
Sanity Claws
(21,852 posts)ProudLib72
(17,984 posts)Nothing to see here, move along....
delisen
(6,044 posts)as part of a cultural exchange
ProudLib72
(17,984 posts)Ivanka says "sword dance". Huckabee will come up with something else, like testing the hummus. Just how were the Russians involved in this one?
bagelsforbreakfast
(1,427 posts)malaise
(269,157 posts)Jared is an abysmal failure
Sneederbunk
(14,298 posts)coolsandy
(479 posts)MineralMan
(146,325 posts)I wonder how that ties in with the coup story? Very interesting.
rurallib
(62,444 posts)got to make some huge scores while they can.
muriel_volestrangler
(101,358 posts)just to make it easier if Saudi Arabia picks London:
The U.K. markets regulator defended a possible move to change listing rules that would make it easier for Saudi Aramco to go public in London, in what may become the worlds largest initial public offering.
Andrew Bailey, the chief executive officer of the Financial Conduct Authority, told lawmakers that he didnt think the changes would weaken protections for investors, according to a letter from Bailey released Friday. He said the FCA met with Saudi Aramco earlier this year and discussed the possible IPO.
The FCA is reviewing the creation of a new listings category to better cater to companies owned by a sovereign country. Nicky Morgan and Rachel Reeves, the chairs of two Parliamentary committees, wrote to Bailey in September to express concerns over how much the FCA consultation was driven by Aramco.
...
The worlds top financial centers are fighting to attract the roughly 5 percent listing that could value the largest oil exporter at more than $1 trillion. Saudi Arabia plans to list on its stock exchange in Riyadh and sell shares on at least one other bourse outside the country. The main contenders for the listing are: London, New York, Hong Kong, Tokyo, Singapore and Toronto.
https://www.bloomberg.com/news/articles/2017-10-13/fca-defends-move-to-change-listing-rules-to-cater-for-aramco-ipo
keithbvadu2
(36,887 posts)some things not a good investment?
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if oil is such a good investment, why is saudi arabia divesting by reducing its risk and selling off stock with an ipo?
sounds like a contraindication to me.
https://thinkprogress.org/saudis-plan-2-trillion-ipo-to-end-their-dangerous-addiction-to-oil-596fbb4e111a#.g3dywtvk3
Saudis see writing on the wall, move to get economy off oil before it's too late
A $2 trillion Saudi Aramco IPO will monetize oil reserves before demand peaks and price collapses for good.
Bernardo de La Paz
(49,034 posts)dalton99a
(81,569 posts)Bernardo de La Paz
(49,034 posts)cachukis
(2,262 posts)NYT
Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal
By DAVID D. KIRKPATRICKNOV. 4, 2017
Prince Alwaleed bin Talal, one of the worlds richest men, was reportedly arrested in Saudi Arabia on Saturday. Credit Ishara S.Kodikara/Agence France-Presse Getty Images
LONDON Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.
The announcement of the arrests was made over Al Arabiya, the Saudi-owned satellite network whose broadcasts are officially approved. Prince Alwaleeds arrest is sure to send shock waves both through the Kingdom and the worlds major financial centers.
He controls the investment firm Kingdom Holding and is one of the worlds richest men, with major stakes in News Corp, Time Warner, Citigroup, Twitter, Apple, Motorola and many other well-known companies. The prince also controls satellite television networks watched across the Arab world.
The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman.
At 32, the crown prince is already the dominant voice in Saudi military, foreign, economic and social policies, stirring murmurs of discontent in the royal family that he has amassed too much personal power, and at a remarkably young age.
https://www.nytimes.com/2017/11/04/world/middleeast/saudi-arabia-waleed-bin-talal.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
cachukis
(2,262 posts)Was the Iraq War About Grabbing Oil
Or Keeping It Off the Market?
Posted on March 30, 2013 by WashingtonsBlog
Was the Real Purpose of the Iraq War to Restrict Oil
So As to Raise Oil Prices?
U.S. Secretary of Defense Chuck Hagel, 4-Star General (and CENTCOM commander with responsibility for Iraq) John Abizaid, Fed boss Alan Greenspan, President George W. Bush, Senator John McCain, Sarah Palin, Bush speechwriter David Frum, key war architect John Bolton, and a high-level National Security Council officer all say that the Iraq war was about oil.
Documents from Britain show the same thing.
But apologists for the Iraq war say this cant be true, because American companies didnt really end up with that much Iraqi oil.
BBC and Guardian investigative reporter Greg Palast a New York Times bestselling author thinks he knows why. Palast is famous for obtaining original source documents from whistleblowers which tell the real story.
Palast argues today that source documents he obtained through cloak-and-dagger methods prove that the war was actually focused on keeping Saddams oil off of the market
so as to keep oil prices high:
[I obtained] a 323-page, three-volume programme for Iraqs oil crafted by George Bushs State Department and petroleum insiders meeting secretly in Houston, Texas.
I cracked open the pile of paper and I was blown away.
Like most lefty journalists, I assumed that George Bush and Tony Blair invaded Iraq to buy up its oil fields, cheap and at gun-point, and cart off the oil. We thought we knew the neo-cons true casus belli: Blood for oil.
But the truth in the Options for Iraqi Oil Industry was worse than Blood for Oil. Much, much worse.
The key was in the flow chart on page 15, Iraq Oil Regime Timeline & Scenario Analysis:
A single state-owned company
enhances a governments relationship with OPEC.
http://www.washingtonsblog.com/2013/03/was-the-iraq-war-to-get-oil-or-to-keep-it-off-the-market.html