The latest attempt to quell protests in Algeria doesn’t appear to have worked and there’s a risk that the demonstrations become more disruptive and the chances of a messy political transition are rising. The announcement that Saudi Arabia’s state oil company, Aramco, has reached a deal to purchase a 70% stake in the petrochemical company, SABIC, adds to the reasons to think that a proposed sale of shares in Aramco is going nowhere quickly.
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