The Kingdom of Saudi Arabia officially launched its initial public offering (IPO) for its state-owned oil company Saudi Aramco on Sunday, announcing that a domestic listing will happen in December. The kingdom’s market regulator approved the listing early Sunday but exact details surrounding the size and scope of the IPO remain unknown. In a statement from Saudi Aramco, the company said: “the final offer price, number of shares to be sold and percentage of the shares to be sold will be determined at the end of the book-building period.” Amin Nasser, president, and chief executive of Saudi Aramco, said in a statement that the company’s vision “is to be the world’s pre-eminent integrated energy and chemicals company.”

The White House plans to end Cameroon's preferential trade status in 2020 because of alleged human rights violations, a charge the West African nation's government disputes. U.S. President Donald Trump announced his decision in a written message to Congress on Thursday, saying Cameroon's government "engages in gross violations of internationally recognized human rights … [including] extrajudicial killings, arbitrary and unlawful detention, and torture." As of Jan. 1, Cameroon would be removed from the list of countries benefiting from the African Growth and Opportunity Act. The 2000 law aims to stimulate U.S. trade and investment in sub-Saharan Africa and bolster economic growth in the region, primarily by enabling participating countries to market goods to the United States duty-free. Cameroon was among 39 countries participating as of last January. Participants must show evidence of working toward a market-based economy, upholding core labour standards, establishing the rule of law and respecting human rights. Trump blamed rights violations on the administration of Paul Biya, president since 1982. Cameroon's information minister, Rene Emmanuel, defended the government. "We think Cameroon is certainly one of the countries in Africa [that] has done a lot in terms of democracy, in terms of promoting liberties," But, he added, "Maybe there is a lot of injustice in our country where the respect of human rights is concerned. So I think we will have to look into this decision."