"The only thing we know today is that Tadawul will be the key listing location as our national exchange", Falih told CNN. The Aramco stake sale is part of the plan, the proceeds from which are expected to be partially used for the diversification.
MSCI will give its decision in June and, if positive, the reclassification would be in two steps in May and August 2019.
NTSB Investigators Analyze Helicopter That Crashed Into East River
The flight originated from Helo Kearny Heliport in Kearny, New Jersey, not from the 6 East River Piers as previously reported. But an August 2009 collision over the Hudson River between a Liberty chopper and a small private plane killed nine people.
Passive investment funds that replicate MSCI indexes would need to put four per cent of their funds allocated to emerging market indexes into Saudi shares to match the country weighting.
Also, Saudi Arabia raked in almost $107 billion from the almost three-month old crackdown, which continues to be shrouded in mystery as the Saudi government has not released any details of the high-profile arrests and ensuing settlements.
Al-Abadi revealed the news saying: "I have received a phone call from the King of Saudi Arabia, Salman bin Abdul Aziz". The battle between where Aramco's stock would list is seen as a horse race between the New York Stock Exchange and the London Stock Exchange.
World Series champion Astros visit White House
The NRA said the meeting went well, and the president had expressed his support of the Second Amendment and due process rights. In that meeting, Trump insisted upon making that bill's foundation the "very strong" background-check bill written by Sens.
In addition, while some Saudi officials - reportedly including Prince Salman himself - are said to favour a listing on the NY exchange, others involved in the process have said that a presence in the United States could expose the kingdom to lawsuits.
The development comes a day after Yemen's Prime Minister Abdel-Aziz bin Habtour said in a Press TV interview that the Saudi regime would not be able to carry out airstrikes against the impoverished country without Washington's active backing.
"A doctor and two other people briefed on the condition of the body said that it had burn marks that appeared to be from electric shocks", the newspaper said. He has made it legal for women to drive and dropped official bans on them attending sports matches, but many have said the changes really serve to obscure the crackdown on dissent which has gone on in the meantime.
Rohingya villages razed to make way for military bases
During the operations, Rohingya villages were burnt to the ground, while thousands were allegedly killed and women raped. He also said there are plans for police stations but not military installations.
Business Secretary Greg Clark said: "The global shift to clean growth is one of the most foreseeable and significant global economic trends and will transform many sectors of the economy, including power, transport, construction, energy-intensive industries and agriculture".