The Aramco IPO When Prince Mohammed bin Salman, or MBS, decided to list the world’s largest oil company, Aramco, the resulting frenzy within international banking circles was unprecedented. This decision was made in 2016. MBS wanted to diversify the Saudi economy and reduce the economy’s reliance on oil income. The big question within investment banking […]
When Washington activated sanctions against Russia in 2014, the economic effects of this was felt more within the EU than in the American economy. Most affected in the EU are France and Germany. France was placed under heavy pressure to cancel two warships that she had built for France. They are helicopter-carriers, called Mistrals. Russia […]
The first oil discoveries in the Middle East were made by the British in Iran, in 1909. A company, Anglo-Persian Oil was formed to exploit this concession. This find also ignited the already brutal contest between Britain and Germany. During the 2nd World War, Iran was occupied in the north by the Russians, and in […]
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