ARAMCO takes over SABIC in  €61BN megadeal

ARAMCO takes over SABIC in €61BN megadeal

Saudi Aramco, the world’s most powerful oil producer, will buy a 70% stake in local chemical giant SABIC from the kingdom’s sovereign wealth fund for $69.1 billion, or €61.27 billion, transferring a big slug of cash from one arm of the state to another to help finance...
How the Dubai Bubble affects European traders

How the Dubai Bubble affects European traders

A quick look EICRI BRUSSELS – The situation in the United Arab Emirates, and in particular Dubai is rapidly deteriorating. Lets take a quick look onto the Dubai Stock Exchange to get a better understanding of the situation. The Dubai Financial Market General...

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