prince mohammed bin salmond wants to reduce the kingdom's reliance on oil and you a small fraction of stock will be sold at 1st on the local exchange in riyadh. we get more this from a different can from d.w. business welcome place a sort of tell us more that about the world's biggest oil company well it really is the biggest it's a big he must it produces 10 percent of the world's oil it's owned by the saudi royal family it's fairly secretive in the way it operates and so we've never really had much of an insight into into how it works but it's really a giant by somebody way since it's worth nearly as much as aapl and microsoft put together and it counts for 70 percent of all the revenue for saudi arabia as well so it's hugely important to the economy too so what does this i.p.o. mean then for the energy market where we need to see who buys the shares that's one thing because if you give us a look into into iran code to see how it works if they do open it up more widely internationally climate complainers right now are talking about you know having less fossil fuel and separating fos

other states to leave the treaty for instance on it last year for instance saudi crown prince mohammed bin salmond said that if iran got a nuclear bomb they would develop one too so well but is there a concern that we could see some kind of domino affect it. definitely you have to worry about the fact that the p.r. carrier the north koreans left the n.p.t. under pressure to get more to say what they were doing yes this could propagate also to iran i i hesitate about that statement because the degree can go back several years and see the threat from time to time and they haven't done it and i don't think it will but what you are pointing out besides talking about these large u.s. russian bilateral talks your problem is that people like the p.r. carry they have nuclear weapons and new threaten to use them they're developing more nuclear weapons they've got a trunk completely confused in this process and very hard to understand where d.p. r. k. would trust the truth for one second after the stupid things he's done in the room when we were just so you know and that you're going to hear is me either j.

exchange saudi arabia hopes it will raise billions of dollars to help rand fund crown prince mohammed bin salmond's plans for the future of the gulf state reports the world's most anticipated stock offering is happening after years of hype and several delays saudi aramco the world's largest oil producing firm is being listed on the double exchange in cheers are expected to be priced in december it's no ordinary oil company rob was the engine driving saudi arabia's economy. this these truly historic we are happy to announce our attention to this the saudi aramco company at the south the stock exchange market the i.p.o. is the centerpiece of crown prince mohammed until month vision 2030 and the stock offering is meant to bring in enough revenue to diversify the kingdom's economy. plans to list of the world's leading exchanges had to be scrapped because of transparency requirement but there's still talk of an international offering after the internal listing in saudi arabia the ambitious crown prince sent out a 2 trillion dollar price tag to put that into context the world's most valuable company such

engine driving saudi arabia's economy which relies on oil revenues the centerpiece of crown prince mohammed bin salmond vision 2030 now the iraq was supposed to bring in enough revenue to diversify the economy but it's never listed in any of the world's leading exchanges because of transparency fears the 1st idea was either to listed either in new york london or in hong kong kong but there have been some issues especially regarding the new york stock exchange listing and which was the possible litigation or pick. law that could have been. adopted by the u.s. congress therefore there were some concerns by the saudis and this was expected the saudis would go for the domestic market listing the ambitious crown prince set out a 2 trillion dollar price tag to put that into context the world's most valuable company such as microsoft and apple standard half of what the prince wanted these firms have a market capitalization of around a trillion dollars for a listing outside of the kingdom would have had to prove its reserves are what it says they are. analysts believe the difference between probable and proven

state owned oil giant a ram co of between $6.01 trillion dollars that is short of crown prince mohammed bin salmond's target of 2 trillion well the kingdom says it's looking to raise more than $25000000000.00 for selling a 1.5 percent stake in its oil company taking bets from investors and the final price will be set up to that phase which ends on december 1st those are the headlines on al-jazeera al-jazeera world is coming up next thank you for watching. the owner. in never a corner of the world there are arabs who have migrated settled and in some cases found great success in their adopted countries. where stories of arabs fleeing war and hardship tend to make the headlines many others have left the middle east with the simple aim of making a new life. it often starts with education many students from the arab world have such opportunities in overseas universities moves that often become stepping stones to new lives in faraway countries. born by sheer hell you meet is an innovative and visionary serial tech entrepreneur the president of a successful telecom software company. his journey started wit

engine driving saudi arabia's economy which relies on oil revenues the centerpiece of crown prince mohammed bin salmond vision 2030 now the iraq was supposed to bring in enough revenue to diversify the economy but it's never listed in any of the world's leading exchanges because of transparency fears the 1st idea was either to list it either in new york london or in hong kong kong but there have been some issues especially regarding the new york stock exchange listing and which was the possible litigation or opaque. law that could have been. adopted by the u.s. congress therefore there were some concerns by the saudis and this was expected the saudis would go for the domestic. market listing the ambitious crown prince set out a 2 trillion dollar price tag to put that into context the world's most valuable company such as microsoft and apple standard half of what the prince wanted these firms have a market capitalization of around a trillion dollars if failed to reach the coveted 2 trillion target the conference would either have to swallow the lower valuation or postpone the i.p.o. once again. that 2 t