Saudi ARAMCO may get privatized

Saudi has announced numerous steps for a radical rollback of the state that may include privatizing oil giant Saudi Aramco, among the world's largest companies.

The flurry of action, a result of tumbling oil prices, shifting U.S. interests and regional upheaval threatening rulers across the Middle East, appears to be the largely the work of Prince Mohammed bin Salman, the 30-something son of King Salman, in office less than a year. And while his ambition to modernize has drawn praise, some fear he is in over his head.

Bloomberg News