The oil giant announcing a reduced dividend of $85.4 billion is likely to have an impact on Saudi Arabia’s finances.
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Spread across 159 companies, the 50,000 dirham-each fine is a clear statement of intent: no trifling with the rules. Separately, a new tech listing in Alpha Data.
In an unprecedented move, the sovereign wealth fund wants to acquire one of the oldest publicly listed logistics companies in the Middle East. The question is whether the proposed deal can help turn around Aramex.
The Indian mother and baby products retailer may not have fared as well as it hoped. But the Middle East business landscape is promising enough to stay put.