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Bahrain mulls fees on sand dredgingBahrain’s Cabinet has accepted a memorandum to impose for the first time on the dredging of sand from the seabed in a move to preserve and combat exploitation of natural resources. Municipalities and Urban Planning Affairs M More… |
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Egypt to raise fees for using Suez CanalEgypt will raise the fees paid by ships passing through the Suez Canal on Wednesday in an effort to boost revenue as the economy struggles to head off a currency crisis. The strategic waterway is one of the main sources of foreign More… |
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ME investment banking fees tops $535mMiddle Eastern investment banking fees reached $536.1 million during 2012, a 19 per cent increase over 2011, a report said. Equity capital markets issuance reached $9.4 billion during 2012 while total debt issuance reached $38.6 b More… |
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Saudi businesses fear impact of new expat feesGlancing through the newspapers one morning last month Saudi Arabian businessman Ihsan al-Naeem was stunned by a government announcement that he fears will threaten the survival of his family's 30-year-old contracting business. More… |
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Al Hilal fund generates 4.3pc in 6 monthsAbu Dhabi-based Al Hilal Bank said its new Global Sukuk Fund has delivered a strong performance generating 4.3 per cent in only six months since its launch. The fund invests in a diversified portfolio of Sharia-compliant sukuk iss More… |
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Bahrain chamber lauds fee reprieve moveThe decision to extend the moratorium on Labour Market Regulatory Authority (LMRA) fees until the end of the year was yesterday praised by Bahrain Chamber of Commerce and Industry (BCCI) chairman Dr Essam Fakhro. He said the decision was s More… |
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Bahrain extends freeze on expat worker taxBahrain has extended a nationwide freeze on a foreign worker tax, agreeing to suspend the Labour Market Regulatory Authority (LMRA) fees until the end of the year. The announcement came during the weekly Cabinet meeting chaired by HRH Prim More… |
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UBS faces court case over deal feeUBS has got itself into a royal pickle in Kuwait. The Swiss bank is fighting a claim that it failed to pay a local sheikh for helping it secure the $10.7 billion sale of the African subsidiary of part state-owned telecom operator Zain. UBS More… |
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Bahrainisation rethink urgedBahrainisation quotas for some sectors are 'unrealistic', and must be reconsidered, say business bosses. This is particularly true for businesses that deal in foodstuffs, agriculture, jewellery, transportation, restaurants, cafes a More… |
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Mobily cuts broadband fees by 50pcSaudi telecom services operator Mobily has announced special discounts of upto 50 per cent for the “Broadband @home” subscribers of its data subsidiary Bayanat Al Oula. Under this special offer, Bayanat Al Oula will give a 15 per cent disc More… |
