Oman’s bold new expat permit pricing explained: Tiered fee system, hikes and discounts to push Omanisation goals

Oman’s New Tiered Expat Work Permit Fees: Incentives for Omanisation Compliance The Sultanate of Oman is shaking up how companies hire foreign workers by introducing a tiered fee structure for expatriate work permits that directly ties costs to compliance with national employment targets known as Omanisation. The move, announced this week by the Ministry of…

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Asian stocks today: Nikkei adds over 700 points after US-Japan deal; markets in China, Korea remain shut

Asian equities edged higher on Wednesday as investors weighed developments in US-Iran nuclear discussions and fresh details of Japan’s investment commitments to Washington.Tokyo led regional gains, with the Nikkei rising 1.23% or 684 points to 57,250 at 10:07 am IST, after the United States confirmed the first batch of funding from the $550 billion Japan…

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US, Japan seal ‘massive’ trade deal; Tokyo to invest $550 billion in America; key details of the pact

US President Donald Trump on Tuesday announced a “MASSIVE Trade Deal with Japan,” under which Tokyo will make a “$550 BILLION commitment to invest in the United States of America.” The White House unveiled three large-scale investment projects backed by Tokyo with a combined value of $36 billion, representing the first tranche under Japan’s $550…

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Gold import volume dips 18%, silver surges 56%

NEW DELHI: Despite the surge in gold and silver imports upsetting the trade balance, the trends for the two precious metals are very different. With the average price of gold rising nearly 25% on a year-on-year basis to $94,554 a kg during April-Dec, buyers became cautious, resulting in demand falling. Data released by the commerce…

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Capital values outpace rental growth: Report

MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental…

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Boost for realty, infra firms as RBI overhauls ECB norms

MUMBAI: Real estate, infrastructure, and corporate sectors are set to gain wider access to overseas funding with RBI overhauling external commercial borrowing (ECB) rules, sharply expanding the pool of eligible borrowers and clarifying permissible uses under the Foreign Exchange Management Act, 1999 framework.The amended regulations shift the ECB regime from a restricted, sector-based eligibility model…

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Silicon Valley-style fallout: Uber adds fuel to fire as Türkiye’s Getir founders sue Abu Dhabi’s Mubadala for $700M betrayal

Türkiye’s Getir Demands $700M From Abu Dhabi Investor Mubadala in Bitter Breakup In a major escalation of the ongoing dispute between a once-high-flying delivery start-up and its largest investor, the co-founders of Turkish food and grocery delivery startup Getir, Nazım Salur and Serkan Borançılı, have filed a $700 million lawsuit against Abu Dhabi’s Mubadala Investment…

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