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The most sought-after job in Saudi Arabia

15 February 2018

"There are a number of investors who would like to invest in the Aramco IPO, including several banks", Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), said, as quoted by Reuters.

Saudi Arabia plans to sell 5 percent of its crown jewel Aramco in what would be the world's largest IPO in history. "We believe this is very good for, once again, thinking jointly about oil", he said.

"We see significant interest to invest in the Aramco IPO from Russian Federation, from China, and we believe that this is very good for, once again, thinking jointly about oil".

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Because of the US military's role in the new test's development, Nordhoff noted that clinical trials have enrolled adults only. The FDA says the Banyan test was able to predict the presence of brain injury on a CT scan 97.5 percent of the time.

Russian Federation and Saudi Arabia are expected to finalise a major agreement in the LNG sector as the oil market's biggest producers look to boost their co-operation in the face of growing prominence of the USA shale sector.

Saudi Arabia said Wednesday it will further trim oil production and exports next month to reduce excess stockpiles that have weighed on crude prices, as concerns mount over U.S. oversupply.

An announcement is expected later on Wednesday on a partnership between Aramco and a liquefied natural gas project in Russia, Dmitriev said.

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Russian Federation and Saudi Arabia, the world's two largest oil-producing nations, have abandoned their long-time rivalry and formed an alliance to prop up crude prices in response to increasing output from United States shale drillers.

Among other partnerships discussed between the two sides, include an engagement on climate policy, with energy ministers from both sides agreeing to meet in Jeddah in April to discuss their energy co-operation further, he added. The fund's total committed capital is US$6 billion.

Dmitriev also said a global deal between the Organization of the Petroleum Exporting Countries and some non-OPEC producers to cut crude supply was stabilising the oil market.

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"As we enter 2018 it's become clear that the jobs landscape in Saudi Arabia is changing".

The most sought-after job in Saudi Arabia