Markets React to Saudi's National Transformation Program
Saudi Arabia plans to cut public-sector wages as well as subsidies by 2020, scaling back the state largess that helped ensure political loyalty in the largest Arab economy. The Saudi cabinet approved the National Transformation Program, part of the Vision 2030 plan unveiled by Deputy Crown Prince Mohammed bin Salman in April. Barclays Wealth Management MENA Head of Investment Vic Malik discusses with Bloomberg's Manus Cranny on "Bloomberg Markets Middle East."
Most Recent Videos
Toshiba's Board Agrees to Sell Chip Unit for $18 Billion
38:45 - Toshiba's board agreed to sell its flash memory chip unit to a group led by Bain Capital for 2 trillion yen ($18 billion), taking an important step toward ending a contentious bidding process that has stretched over eight months. Bloomberg's Peter Elstrom reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)