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Sri Lanka bans land sales to foreignersSri 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. More… |
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UAE bankruptcy law draft delayed to end-2013A 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 More… |
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Saudi stock market opening to be 'gradual'Saudi Arabia's long-awaited opening of its stock market to foreigners will be 'gradual', the country's capital market regulator said on Tuesday. 'It is still within our strategy, but it sh More… |
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Bahrain’s expats ‘unhappy’ over new visa rulesBahrain's expatriates have expressed frustration over new visa rules which have caused a crackdown on foreign visitors, leading to many being detained for several hours before being either allowed into the country or sent home on return flights. More… |
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Saudi cenbank to supervise foreign share listingSaudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners. The country's Capital Market Author More… |
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Saudi bourse to open to foreigners soonSaudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank's head of Mena equities said, a move which would allow international capital to own shares outright on the Middle East's largest bourse for the first time. More… |
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Foreigners buy London propertiesForeign landlords own more than 60 per cent of London's Bond Street and Oxford Street, having snapped up numerous stores in the past five years as investors sought safe havens for their cash, data from Savills showed. The property cons More… |
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Bahrain 'may cancel visa on arrival'The visa on arrival facility for foreigners in Bahrain may be withdrawn, said a senior government official. The general directorate of nationality, passports and residence is considering making them to apply for visa before coming to Bahra More… |
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Singapore tightens rules for hiring foreignersSingapore's government, facing complaints from residents having to compete with foreigners for jobs, tightened rules on Tuesday for firms hiring overseas workers in mid-level positions. The ruling People's Action Party (PAP) is under press More… |
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Bahrain talks focus on voting rights of new citizensForeigners granted Bahraini citizenship being allowed to vote in elections 10 years after they get nationality was debated at the National Dialogue yesterday (July 12). Participants also discussed the possibility of every Bahraini getting More… |
