Bloomberg Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering — potentially one of the largest in history — more appealing to investors. “Definitely the fiscal regime will be changed,” Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser said in a Bloomberg Television ...

  Bloomberg Aker ASA, the investment company controlled by Norwegian billionaire Kjell Inge Rokke, is considering a sale of offshore-engineering business Aker Solutions ASA, according to people familiar with the matter. Aker ASA, which owns more than a third of Aker Solutions via a holding company with the Norwegian government and a direct stake, is discussing options with potential adviser ...

  Bloomberg Kuwait Investment Authority is planning to manage more of its own assets as the world’s fifth-largest sovereign wealth fund seeks to take more risk to boost returns. The KIA, as the fund is known, wants to increase the allocation of funds managed in-house to as much as 8 percent from 1 or 2 percent at present, Managing Director ...