It was a very busy weekend for new appointees, both in the US and in Saudi Arabia.
While the US finally saw a new chairman of the Federal Reserve nominated to replace the outgoing Janet Yellen, Saudi Arabia saw a shake up of its own, with several high profile ministerial replacements and royal arrests.
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On today’s episode, the team at Gulf News discuss the implications of Jerome Powell’s nomination to the position of Fed chairman, and why Donald Trump chose Powell over Yellen.
- In Tweet, Trump Urges Saudi Arabia To Choose NYSE For Aramco IPO
- Kingdom Holding’s Shares Crash After Arrest Of Prince Alwaleed
The discussion then turns to recent events in Saudi Arabia, including the creation of an anti-corruption commission headed by Crown Prince Mohammed Bin Salman, and the arrest of several business people, including Prince Alwaleed bin Talal.
The discussion concludes with Trump's tweet about Aramco's IPO, and what is taking place this week in the UAE and the gulf region.
