Aramco IPO proceeds to fund Saudi industry, including defence - finance minister
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DAVOS, Switzerland (Reuters) - Saudi Arabia will pump the proceeds from last month's listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defence industry amid tensions with Iran, its finance minister said on Tuesday.Mohammed al-Jadaan told Reuters there were "serious efforts" to reduce antagonism between Washington and Tehran after a top Iranian general was killed in a U.S. air strike and Iran retaliated with missile attacks against..