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Inside RBI's plan to avert PMC Bank-like embarrassments

New policy measures were announced on Thursday to strengthen the regulatory framework at the UCBs.

Mohammed bin Salman

Dec 06, 2019, 07.57 PM IST

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MOHAMMED BIN SALMAN

25 billion reasons: Why Saudi is listing its crown jewel

​ Despite its almost unimaginable oil wealth, Saudi Arabia's finances have sagged along with the price of crude, causing its budget deficit to balloon. It still has around $500 billion in fiscal reserves run by the country's central bank and some $250 billion managed by the public investment fund (PIF), the kingdom's main investment vehicle.

Saudi Aramco prices shares at top of range in world's biggest IPO

Aramco may also exercise a 15% "greenshoe" option, allowing it to increase ...

Saudi Aramco IPO oversubscribed so far, but not by big margin

Bids received by Friday from institutional and retail investors totalled $44.3 ...

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