Whats even more telling is the funny dance Saudi Arabia performs around its floating of a part of Saudi Aramco. They have jinxed and janxed the issue so much that the global investment community starts to have serious doubts on how solid this investment might turn out to be. Saudis got a problem with demands of transparency that prevail in western markets. They dont want anyone to peek behind the veil of what Saudi Aramco really has under its belt. Years ago I said that this sale might turn out to become the heist of the century. Looks very unlikely now as the world seems to sniff the rot.
The murder of Saudi columnist Jamal Khashoggi last month has soured the world’s politicians on the once-feted Crown Prince Mohammed Bin Salman. Private capital turned against him long before that.