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 ?
Vision 2030 intends to transform the Saudi economy – the largest Arab and second largest middle eastern economy after Turkey – and to reduce its dependence on oil. Since its launch in Spring 2016, it managed to attract a great deal of attention. It aimed to tackle many of the problems that impede the economy… Read More Saudi Arabia’s Vision 2030: the way forward
When Nassim Taleb, the ex-trader turned philosopher, used the metaphor of the Black swan in his eponymous essay published in 2007, to describe events whose probability of occurrence was so ridiculous by conventional theories that they were almost entirely ruled out by economists and financial markets, he could have barely anticipated the success of this metaphor as it came… Read More The West and the Rest in a multipolar world