Sign in
The two big stories on Saudi in the foreign press this morning are oil giant Aramco kicking off its secondary offering yesterday (Bloomberg | Reuters | CNBC) and OPEC+’s meeting in Riyadh, which saw the group decide to begin winding down production cuts in 3Q 2024 (AP | CNBC | Reuters | Bloomberg). We have chapter and verse on both stories above.
AND- Saudi plays heavily in Bloomberg’s look at Trump-administration Treasury Secretary Steve Mnuchin. The business information service let its inner isolationist out of its cage as it declared that Mnuchin is “ chasing Wall Street glory with his war chest of foreign money.” Mnuchin is believed to be managing funds for everyone from the Public Investment Fund to the UAE’s Mubadala, and Japan’s SoftBank.
