The Initial Public Offering (IPO) of Saudi Aramco has been presented as the central element of Vision 2030, the ambitious economic diversification strategy unveiled by Prince Mohammed Ben Salmane (MBS) in January 2016, when oil prices reached a historical low of $ 29 per barrel. The prospects had suddenly darkened for Saudi Arabia and it… Read More What is Saudi Aramco really worth ?
It is one of the most interesting paradoxes of our world. The European Union has a population of almost half a billion inhabitants, spanned across more than two dozens of distinct political constituencies, and it boasts the largest economy and consumption market in the world. Yet it is entirely devoid of any true state-like sovereignty.… Read More Europe : the enduringly nonexistent power