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Saudi sovereign fund secures $11bn loan

RIYADH: Saudi Arabia's sovereign wealth fund said Monday it had secured its first ever international loan, boosting the kingdom's diversification drive after its flotation of state oil giant Aramco stalled. The Public Investment Fund…

Saudi wealth fund bets big to remake oil-based economy

RIYADH: With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy. The Public Investment Fund had…

Trump urges Saudis to list Aramco on NY stock exchange

WASHINGTON: US President Donald Trump on Saturday urged Saudi Arabia to choose Wall Street as a venue for the initial public offerings of shares of oil giant Aramco in 2018. "Would very much appreciate Saudi Arabia doing their IPO of…