Business NewsAl Raid Group recently launched Oman’s first outlet mall and largest retailtainment destination ‘Al Araimi Stroll’ in Barka. The long-lasting 240,000sqm improvement project will set a new benchmark because the nation’s first ever retailtainment destination; and will characteristic 164 shops, 42 meals and beverage retailers, seven leisure hubs, a hypermarket, and an IMAX cinema.

The government is now mulling a ‘windfall tax’ on all oil producers like ONGC in an try to reasonable fuel prices. In the earlier interactions, the Prime Minister had heard beneficiaries of free cooking fuel (LPG) scheme, monetary inclusion initiative, begin-up enterpreneurs, well being scheme and Digitial India.

Dr Ali bin Azan al Hashami, deputy secretary of the true property registry on the Ministry of Housing, said that the worth of traded contracts in Oman’s actual property sector exceeded RO256mn by the tip of Could this year. The collected charges from actual property transactions stood at RO8.34mn in the course of the first five months of 2018, he said.

Repeal of H-4 visa, which allows spouses of H-1B visa holders to work in the US, is within the closing stage of clearance, the Donald Trump administration has mentioned. With that, the US authorities is ready to render hundreds of H-four visa holders jobless. Once cleared, the transfer is prone to affect some 70,000 extremely-expert professionals from India. H-4 visas are issued to spouses of these holding H-1B visas, largely in style amongst IT professionals from India. Despite widespread requests by lawmakers and representative of the American IT industry, the Trump administration is planning to end the Obama-era rule that permits spouses of H-1B visa holders to work legally in the US.

Shares dived in Hong Kong and Shanghai as buyers fret over a attainable trade war between the US and China after Donald Trump threatened recent sanctions, sparking warnings of retaliatory measures by Beijing. Home foreign exchange market sentiment succumbed to bouts of stress on revival of fresh global commerce warfare fears and concerns about possibility that the hostile US commerce policy could have a substantial impact on the Indian economy.

The rupee on Friday edged increased to 68.15 against the US greenback, extending its restoration after falling to 18-month low sixty eight.forty two on Wednesday. Regardless of the transient restoration, the rupee will not be distant from its all-time low of sixty eight.87 vs US dollar, recorded in November 2016. In addition to outflows from domestic capital markets, a rising greenback and a surge in global crude costs have weighed on the rupee. The rupee is down over 6 per cent in opposition to the US dollar to date this yr. Foreign exchange advisory agency IFA World says that the potential of rupee heading in the direction of 70 per greenback is rising. There’s a nonetheless room for additional depreciation from current levels, it provides.

No. Trump may have a Twitter outburst, and set off another disagreement. In the wage negotiation assembly held on May 5, 2018, IBA Indian Banks’ Association made a propositions to supply 2 per cent hike within the wage invoice cost as on March 31, 2017.

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The Independent
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