As investment drive falters, Saudi milks Aramco ‘cash cow’
A fresh offering of Saudi Aramco shares, expected to bring in as much as $12 billion, underscores the kingdom’s reform strategy, leveraging massive oil wealth to pave the way for an eventual post-oil future (Fayez Nureldine) A fresh offering of shares in Saudi Aramco, the Gulf kingdom’s largely state-owned oil behemoth, comes at a pivotal