A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said
Domestic flights are also allowed to resume in the kingdom
The measures include a 50 per cent reduction in the fees to register suppliers
The decision to increase the number of employees will be reviewed weekly based on the prevailing health conditions
Fifty per cent of these government employees will resume working from the office starting Sunday, May 31
Earlier, offices were permitted to reopen with only 30 per cent of their staff in attendance
The ban will now go into effect from January 1, 2021
Producers have lowered global oil supply by around 14-15 million barrels a day
There will be no restrictions on movement between 6am and 11pm
Employment across the GCC could fall by around 13 per cent due to the impact of the coronavirus
These roles have seen the highest percentage increase in job applications between March and April 2020
As the pandemic forced factories all over the world to shutter and people to stay home, the global economy has plummeted and oil prices have dropped by almost half since the start of the year
Its 2019 revenues dipped 1.9 per cent to Dhs228bn
High unemployment, lack of progress in reducing carbon emissions and exacerbated inequalities are all possible side effects of the pandemic
Oman has resorted to spending cuts to stabilise public finances
The Business Registration & Licencing (BRL) sector also recorded a 62 per cent increase in auto renewal transactions during the first four months of 2020, compared to the same period in 2019
Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth
PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic
It added that Reuters published the story without verifying the trustworthiness of its source
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April
Brent crude is currently trading at around $30 a barrel, about half the level it was when Saudi Arabia announced its budget in December
Representatives of family businesses met with Dubai government officials last month
In malls and retail outlets, the refund and return of goods and the use of fitting rooms is now permitted
Malls will be allowed to stay open longer but restrictions on children, elderly to continue
Its underlying EBITDA grew 4.7 per cent year-on-year to $171m in the first quarter of 2020
The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1
The UAE government levied a 5 per cent VAT on goods and services in January 2018
The new online service has been activated in collaboration with the Abu Dhabi Department of Finance
In April, DSOA introduced several incentives for residents, startups, companies and commercial tenants located within buildings owned by the authority
The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total