Saudi king touts reforms, Aramco IPO in annual address

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RIYADH, Saudi Arabia – Saudi King Salman touted his country’s reforms in his annual address Wednesday and stressed the importance of his government’s decision to publicly list shares of the state-run oil giant Aramco. He also used his speech to warn rival Iran against further aggressions. Two key Saudi Aramco processing sites were targeted by drones and missiles in September, knocking out nearly 6% of daily global crude...

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