Trump backs New York in bourses' battle for Saudi Aramco listing
WASHINGTON/KHOBAR  Saudi Arabia (Reuters) - Intervening in a battle among the worldâs top stock exchanges to list shares of national oil giant Saudi Aramco   U.S. President Donald Trump  publicly appealed on Saturday for Riyadh to choose New York  saying it was in the U.S. national interest.
âWould very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange â  Trump  wrote on Twitter. âImportant to the United States! â
Trump  did not say why  he  chose to raise the issue at this time or whether  he  was responding to any information about the NYSEâs bid. But by describing the listing as a priority for Washington   he  could help to sway the Saudisâ decision.
Mohammed al-Sabban  who has served as an adviser to former Saudi oil minister Ali al-Naimi  told Reuters that  Trump âs intervention would not resolve the JASTA problem.
â President Trump  has forgotten completely that the risks of implementing the JASTA law against Saudi assets are still there â Sabban said.
âProbably during  his  administration  he  could prevent any case against Saudi Arabia. However  when President Trumpâs term ends  this will raise fears that the JASTA law could still be applied.â
However   Trump  may be able to wield diplomatic clout in Riyadh. He was warmly welcomed by Saudi leaders during a visit to the kingdom in May  partly because he has taken a tough stance against Saudi Arabiaâs diplomatic arch-rival Iran  and Riyadh is eager for close military ties with Washington.
WASHINGTON/KHOBAR  Saudi Arabia (Reuters) - Intervening in a battle among the worldâs top stock exchanges to list shares of  [TGT] publicly appealed on Saturday for Riyadh to choose New York  saying it was in the U.S. national interest.
âWould very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange â   [TGT]   wrote on Twitter. âImportant to the United States! â
 [TGT] did not say why   [TGT]   chose to raise the issue at this time or whether   [TGT]   was responding to any information about the NYSEâs bid. But by describing the listing as a priority for Washington    [TGT]   could help to sway the Saudisâ decision.
Mohammed al-Sabban  who has served as an adviser to former Saudi oil minister Ali al-Naimi  told Reuters that   [TGT]  âs intervention would not resolve the JASTA problem.
 [TGT] has forgotten completely that the risks of implementing the JASTA law against Saudi assets are still there â Sabban said.
âProbably during  his  administration   [TGT]   could prevent any case against Saudi Arabia. However  when President Trumpâs term ends  this will raise fears that the JASTA law could still be applied.â
However    [TGT] may be able to wield diplomatic clout in Riyadh.  [TGT]  was warmly welcomed by Saudi leaders during a visit to the kingdom in May  partly because  [TGT]  has taken a tough stance against Saudi Arabiaâs diplomatic arch-rival Iran  and Riyadh is eager for close military ties with Washington.