Australia plans to charge fees to foreign nationals buying residential property and fine those who break foreign investment laws in an attempt to cool one of the world's hottest property markets.
Australia plans to charge fees
Saudi Arabia’s Ministry of Health has opened the door for foreigners to own and run private health care centres and facilities in the kingdom, according to a report.
It has approved amendments to the conditions of the Saudi
Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, the Asharq al-Awsat newspaper reported on Monday, quoting unnamed sources.
In August, the Capital Market
Foreigners blacklisted by a Gulf country could be denied entry to all GCC states, said Bahrain’s Labour Minister Jameel Humaidan ahead of a ministerial level meeting in Kuwait.
Foreigners blacklisted by a Gulf country could be den
Saudi Arabia's cabinet has given permission to the country's financial regulator, the Capital Market Authority (CMA), to open the stock market to direct investment by foreign financial institutions, the cabinet said in a statement on Tue
Dubai's Mashreq will allow foreigners to own up to 20 per cent of the bank's shares, it said in a bourse statement on Wednesday.
Foreign investors currently own only 1.9 per cent of the bank's shares, data from the Dub
Saudi Arabian officials are still discussing the opening of the stock market to direct foreign investment and no timetable has been set, the chief market regulator said.
"We are still discussing the issue.
Violence sweeping Egypt has hit its tourism - a vital part of the economy - as governments warn holidaymakers to stay away, prompting some foreign travel agents to stop all trips there.
The latest unrest looks likely to kill off a
Sri Lanka has decided to ban land sales to foreigners after finding that some offshore investors did not use land and property purchases to benefit the nation's economy, the government spokesman said on Thursday.
A draft of changes to UAE bankruptcy law aimed at simplifying the process and letting failing companies restructure is taking longer than expected and may not be ready until the end of 2013.
The draft, which has been in the works