Saudi Arabia: Give Us Your Money and Stop Asking About Oil
- Government officials make presentations on new economic vision
- They don’t give forecast for oil or discuss Middle East wars
Light trails from traffic illuminate highways surrounded by residential buildings in Riyadh, Saudi Arabia, on Friday, Jan. 8, 2016. Saudi Arabian stocks led Gulf Arab markets lower after oil extended its slump from the lowest close since 2004.
Photographer: Waseem Obaidi/BloombergThis article is for subscribers only.
For Saudi Arabia, some things are better left unsaid.
As they swapped their traditional white robes for business suits and ties to meet with prospective investors ahead of the kingdom’s first-ever international bond sale, Saudi government officials talked at length about their vision for transforming the economy. When it came to an oil price increasingly influenced by Iran and the proxy war in Yemen they were less forthcoming.