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1 – 8 of 8The initial public offering (IPO) of a 1.5% stake in Saudi Aramco on December 6 reached the top end of the recommended price range, giving the company a relatively high valuation…
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DOI: 10.1108/OXAN-DB249356
ISSN: 2633-304X
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The rebound in demand from the pandemic slump should keep the market in deficit, supporting current price levels. However, in 2022, demand growth is expected to slow, while supply…
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DOI: 10.1108/OXAN-DB263847
ISSN: 2633-304X
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Reports last month that Aramco had selected Lazard for a contract to work as adviser on the IPO breathed new life into a deal that has been marking time since mid-2018…
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DOI: 10.1108/OXAN-DB246147
ISSN: 2633-304X
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Having passed a moderately expansionary 2018 budget, the government on January 1 started to levy value-added tax (VAT). It also cut subsidies on petroleum products.
The finance ministry has sought to boost non-oil revenue by increasing the value-added tax (VAT) rate and other measures. The finance minister has also floated the possibility of…
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DOI: 10.1108/OXAN-DB254421
ISSN: 2633-304X
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The first quarterly budget report for 2018 issued by the Ministry of Finance shows oil revenue is already resurging. The introduction of value-added tax (VAT) in January has also…
This will be used to meet part of the costs of acquiring a controlling stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s principal petrochemical producer. Aramco…
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DOI: 10.1108/OXAN-DB242677
ISSN: 2633-304X
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Despite its promotion of an innovation ecosystem to attract start-ups, Abu Dhabi has overall made little progress in addressing the impact of the clean-energy transition on…