The raft of Q4 GDP data released this week showed that the region recorded its fastest growth in three years at the end of 2018. But a slowdown is now underway and is likely to intensify. Meanwhile, financial details of Saudi Arabia’s state oil company, Aramco, released this week have raised fresh hopes for a sale of a stake in the firm. Our sense, though, is that an IPO is still many years away, if it will take place at all.
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