ABU DHABI/AD MEDIA OFFICE The Department of Municipalities and Transport (DMT) has announced the opening of …
Read More »Saudi Aramco valuation tops $1 trillion after tax cut
Bloomberg Saudi Aramco could have a market value of more than $1 trillion, Sanford C. Bernstein & Co. estimates, after the government slashed the oil producer’s tax burden to attract investors ahead of what may be the world’s biggest initial public offering. The tax cut will increase Aramco’s net income by 300 percent, putting its per-barrel income in a …
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