Saudi Arabia crown prince Mohammed bin Salman has announced plans to sell a stake in oil giant Saudi Aramco and create the world’s largest sovereign wealth fund. At an event on Tuesday in Riyadh meant to highlight the kingdom’s influence in the business world, crown prince Mohammed bin Salman said Saudi Arabia was returning to “moderate” Islam and intended to “eradicate” extremism. It’s part of efforts he’s spearheading to prepare Saudi Arabia for the post-oil era. “People wanted to copy this model in different countries, one of them is Saudi Arabia,” he said. And yet Saudi Arabia still enforces gender segregation in many public places and women remain marginalized in the workplace.

Source: Mint October 25, 2017 10:41 UTC