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The IMF’s decision last week to revise Saudi’s GDP for this year down to 2% from its 3.1% forecast in April was probably inevitable given the widespread retrenchment currently underway in the kingdom. Last week, it emerged that the Public Investment Fund (PIF), the engine behind Saudi Vision 2030, was replacing foreign…
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A remarkable back-of-the-envelope calculation from a currency strategist shows just how big SpaceX’s initial public offering could reverberate in global markets.
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