25.04.2016 - Five Questions About The New Saudi Economic Plan
The Kingdom will introduce its plan for an economic and financial restructuring of its sovereign wealth fund. On the scale of $2 trillion, this new Public Investment Fund (PIF) would be the largest in the world and would include a compelling IPO of a small portion of Saudi Arabia’s national oil company, Saudi Aramco. The country relies almost exclusively on oil profits to fund the government. No one outside of the government knows the exact numbers, but some estimates say 90% of the Kingdom’s budget comes from Aramco...............................................Full Article: Source
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