Aramco IPO seen transforming global stocks with $1.5trn value

“People focus on Aramco as being the key thing,” said Salman Bajwa, chief executive officer of Dubai-based Emirates NBD Asset Management ... economic and markets space. The Aramco IPO will be the confirmation that one phase of structural reforms ... ( read original story ...)

Dubai bank hires woman for top Saudi job amid social change

Emirates NBD Capital, the investment banking unit of Dubai’s biggest lender, joined Citigroup and Samba Financial Group in appointing a woman to lead its operations in Saudi Arabia as the kingdom embarks on unprecedented economic and social changes. ( read original story ...)

UAE, Saudi business confidence dips over VAT launch

Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered ... ( read original story ...)

UAE removed from EU uncooperative tax haven list

The UAE Ministry of Finance welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to—and will continue to do so—locally and ... ( read original story ...)

EU removes UAE from ‘’uncooperative tax havens’ list

The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally. Younis Haji Al ... ( read original story ...)

UAE demand for business loans up marginally in Q4

Demand for business loans in the UAE increased marginally in the fourth quarter of last year, mainly because of stronger demand in Dubai, while total demand for personal loans was flat, a central bank survey showed on Tuesday. The net balance measure for ... ( read original story ...)