Hong Kong protesters effectively killed an extradition bill that would subject them to criminal prosecution under China’s legal system for the first time — a victory that inspired them to demand real …
Rent reduction, exemption to lessen corona impact in Oman
Muscat: Real estate companies in Oman are offering exemption in rent to the tenants financially impacted by the COVID-19 pandemic. The measure was announced to provide some relief to residential …
Oman Fisheries Company helping fishermen, markets tide over COVID-19 crisis
The Oman Fisheries Company is one of the companies which played a prominent role in ensuring supply of fish in the markets during Corona virus pandemic. The Oman Fisheries Company is the largest local …
Oman set to introduce 50% tax on sweetened drinks
Oman will introduce a 50% levy on sweetened drinks from October 1 next. Oman is set to introduce a tax on sweetened drinks from October 1 this year, according to the Secretariat General for Taxation.
Saudi Arabia Starts $4 Billion Tourism Development Fund
Saudi Arabia started a fund with an initial capital of $4 billion to develop its tourism industry as the oil-rich kingdom seeks to diversify its economy and attract more foreign travelers.
Investments in telecoms and health system pay dividends as Saudi Arabia eyes economic turnaround
“Our report also indicates that Saudi Arabia’s efforts to enhance its investment environment, which saw the country rise 30 places on the World Bank’s Ease of Doing Business index in 2020, will serve …
The two moves by Saudi Arabia that are viewed as major positives for the Newcastle takeover
Just days after being criticised for failing to stop piracy, the government of Saudi Arabia has launched a crackdown on websites illegally streaming broadcasts. The move – announced on Government …
Saudi Arabia’s Maaden Phosphate unit signs $4.1b finance deal
Maaden Waad Al Shamal Phosphate Co. will refinance $2.3 billion owed to a syndicate of commercial banks and financial institutions, according to a statement. It will also reschedule $1.8 billion of …
South Korea Limits Entry for Foreigners After New Virus Cases
South Korea’s health authorities will limit the entry of foreigners from some countries where Covid-19 infections are surging through a temporary restriction on flights and visa issuances.
Wirecard’s Missing $2.1 Billion Didn’t Enter Philippine Financial System, Central Bank Says
None of the $2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday.