A trip to Baghdad in 2013 offered the Exxon CEO a taste of the complicated Middle East politics he'll have to navigate if he becomes secretary of state. As CEO of ExxonMobil, Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, had to deal with the antagonism between Iraq's central government and the regional government in the Kurdish north In 2013, Re
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Download PDF: sulaiman-sameer-adam-smith-karl-marx-final-2 It is important for everyone to learn the essential principles of contemporary economics since many of our decisions are made according to these principles. For instance, when we are about to buy certain goods, we see what interests us the most and compare prices of goods to see which one fits our needs the bes
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The 2016 OPEC (Organization of the Petroleum Exporting Countries) meeting in Algiers later this month has received undue importance from market analysts hoping that Kingdom of Saudi Arabia and non-OPEC producer Russia are seeking a freeze on production. Both have been fighting for market share in China, with Saudi Arabia unusually offering large volumes on the spot ma
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The oil market never fails to find reasons for its volatility. The failure of the April 17 Doha meeting between Opec and non-Opec producers to freeze production at January 2016 levels immediately sent oil prices sharply down. However, the market just as quickly moved upward on supply outages, especially due to the oil workers’ strike in Kuwait, which was reported to remove 1.3
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The European Union can play a role in the stabilisation of Iraq that could contribute to economic growth and peace while helping stem migration flows from the region, writes Dr. Theodore Karasik. Economic stability and job creation in Iraq are central to achieving a long term peace in the Middle East, yet the decline in the price of oil and associated revenues for the governme
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