Saudi Aramco’s share sale has attracted bids worth $44.3 billion as of Friday, about 1.7 times the amount the Kingdom’s government plans to raise in what is on course to be the world’s largest listing when it formally prices next week. In other news, MbS was in the UAE for an official visit where seven key initiatives were announced. They included the introduction of a “cross-border” digital currency targeted at banks and a joint tourist visa for residents of both countries to help streamline the tourism process and increase tourist traffic.
To read about this and more of the week’s news from the Kingdom, click here.
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