Oil giant Saudi Aramco recently had the world’s biggest IPO of US$25.6 billion. At that level it has a market valuation of US$1.7 trillion, beating Apple to become the world’s most valuable company.
Aramco did not say when shares would start trading on the Saudi stock market but two sources said it was scheduled for Dec. 11.
Saudi Arabia relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad, even at the reduced valuation of $1.7 trillion.
A controversial app called Absher made the news in February because it lets men monitor and control their female relatives’ travel. People like Senator Ron Wyden and others asked Apple and Google to remove the app. No action was taken by either company, although Tim Cook said he would “take a look at it.” Now two Saudi sisters who fled the country are reminding us that no, this app still exists.
Maha, 28 and Wafa, 25 fled Saudi Arabia to for Tbilisi, Georgia via Tuckey earlier this month. The pair had to steal their father’s phone and log onto his Absher account and give themselves permission to go to Istanbul…The al-Subaie sisters said they knew of dozens of other young women who were looking to escape abusive families.
Gavin de Becker, Jeff Bezos’ security consultant, is accusing the Saudis of hacking into Mr. Bezos’ phone in order to harm him.
Apple Pay is rolling out to customers in Saudi Arabia and the Czech Republic. Multiple people have been seeing it.
Senator Ron Wyden (D-OR) penned a letter calling on Apple and Google to remove Absher from their stores.
The Saudi regime is known for attacking Saudi dissidents, and iPhone spyware could have helped them do so with the help of NSO Group.
Mr. Silver says that because Apple wouldn’t have much to lose, the company should stop all plans with the country and pull out as others have done.
The event drew almost 3,000 people from all over the world, and broke the Guinness World Record to become the biggest hackathon in the world.