Visionary or thug: would you buy oil shares from this man?
Crown Prince Mohammed bin Salman has high hopes for Aramco’s stock market listing, but potential investors may baulk at the idea of buying into one of the world’s most repressive states
The prospectus for the stock market listing of Saudi Arabia’s national oil company is an awesome document – all 658 pages of it. Then again, Saudi Aramco is an awesome thing. Not only is it the world’s biggest oil producer; it is the world’s most profitable company – it makes twice as much profit, roughly, as Apple, the world’s most valuable company.
For the past four years, Crown...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Concept of free trade and fair trade will stand or fall with new WTO boss
Nigerian economist Ngozi Okonjo-Iweala has her work cut out to tackle the current backlash against the principles for which the World Trade Organisation stands
Vincent Boland: Draghi’s Italian job is really a task for the entire nation
Italy’s afflictions are often filtered through the lens of its enormous public debt and zero-growth economy. Yet its problem is more insidious – that politics does not offer solutions
Vincent Boland: It’ll take more than Musk’s $1.5bn to demystify bitcoin
Cryptocurrencies have their zealous admirers, including the Tesla chief, but critics insist they have no practical uses and facilitate online fraud and tax evasion
Vincent Boland: Exxon loses its way as oil giant goes from leader to laggard
Climate change is now about business rather than emotion and Exxon-Mobil must reinvent itself if it is to catch up with its rivals in the transition to clean energy