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77pc of Bahrain workforce expatriateMore than three quarters of Bahrain's workforce are foreign, said a senior government official, citing new statistics released by the kingdom’s the Labour Market Regulatory Authority (LMRA). Out of the 647,578 people cur More… |
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Saudi finalising rules for foreign stocks ownershipSaudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has no need for liquidity from international investors, the head of the country's market regulator said. More… |
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Saudi finalising rules for foreign stocks ownershipSaudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has no need for liquidity from international investors, the head of the country's market regulator said. More… |
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Thomson Reuters launches Fatca solutionThomson Reuters, the leading source of intelligent information for businesses and professionals, has launched a key solution to help institutions fulfil and comply with their obligations under the forthcoming US Foreign Account Tax Compliance Ac More… |
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Libya to sweeten terms for foreign oil companiesLibya plans to improve the terms for foreign oil firms ahead of its next licensing round and could begin seeking bids in the third quarter of 2013, the Opec member's new oil minister said. Organization of the Petroleum Exporti More… |
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Yemen invites bids for five oil blocksYemen has invited international companies to bid for exploration and development rights in five oil blocks around the country as it gives top priority to building up its oil output and reserves, the oil minister said. More… |
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UAE residents 'spend $6.6bn a year on travel'An UAE resident spends Dh80,808 ($22,000) every year on flights and accommodation alone, totalling $6.6 billion annually on outbound travel, according to a research by the United Nations World Tourism Organisation. Another study unvei More… |
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Saudi net foreign assets 'could be worth $600bn'The combined net foreign assets of Saudi entities (including government, companies and individuals) are estimated to be around $600 billion at the end of 2011, a report said. Recent data shows that the combined foreign assets of the S More… |
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Over 371,000 expat workers in BahrainThe number of foreign workers registered with Bahrain's Labour Market Regulatory Authority (LMRA) has reached 371,183, according to latest figures. They include 8,205 (5,942 men and 2,263 women) in the government sector, the major More… |
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Saudi to allow some foreign ownership of stocksSaudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 per cent of a stock's issued share capital, sources said. More… |
