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Video: Saudi Arabia and the story behind the world's biggest IPO

Video: Saudi Arabia and the story behind the world's biggest IPO

As Saudi Aramco closes in on the prize of a massive $100bn float, here are some of the key factors driving the move, and the key players involved in the potential deal.

(Source: Arabianbusiness.com YouTube channel)

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Emirates NBD reports 17% increase in Q4 net profit

Emirates NBD reports 17% increase in Q4 net profit

Emirates NBD posted a 17 percent increase in net profit in the fourth quarter of 2017, the bank announced in a statement on Tuesday.

According to the statement, net profits rose from AED 1.86 billion ($506.3 million) in the fourth quarter of 2016 to AED 2.18 billion ($593.5 million) in the same period last year.

For the entire fiscal year, the

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Political climate to limit benefits of VAT in Kuwait, Oman and Bahrain, report shows

Political climate to limit benefits of VAT in Kuwait, Oman and Bahrain, report shows

The implementation of value-added tax (VAT) will have the greatest fiscal benefits in Saudi Arabia and the UAE, while the current political climate will limit the benefits of the tax in other parts of the GCC, according to a new report from BMI Research.

According to the report, the introduction of VAT is “a positive step, allowing the h

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Dutch retail giant charts Dubai expansion course

Dutch retail giant charts Dubai expansion course

Dutch discount retailer HEMA will open its first stories outside of Europe in Dubai this year, the company has announced.

The company, present in over a dozen countries through 700 stores, will bring its brand of affordable and original design homeware and apparel products to the city with three new stores, an expansion course it is charting with

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Visa-free entry for UAE nationals to China from today

Visa-free entry for UAE nationals to China from today

UAE nationals visiting China will be granted visa-free entry to China from today. 

Emiratis entering China will be allowed to stay for up to 30 days for each visit following the recent signing of an MoU in Abu Dhabi by Ahmed Saeed Elham Al Dhaheri, assistant under-secretary for Consular Affairs at the Ministry of Foreign Affairs and International

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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