INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Austria to welcome more GCC travelers from July 1

    • Austria will open border for tourists from all across the world, including GCC, from July 1

    • The move comes as the European country post looks to implement a post-Covid-19 strategy

    Austria has announced that it will open its border for tourists from all across the world, including those in the Gulf Cooperation Council, from July 1, said local reports on Tuesday, June 29.

    The move comes as the European country post looks to implement a post-Covid-19 strategy where it resumes social and economic activities with safety measures in place, said the reports.

    They added that fully-vaccinated citizens and residents from the UAE, Bahrain, Kuwait, Oman, and Qatar can travel to Austria from July 1 without needing to be quarantined. The need for a valid Schengen visa will reportedly be considered on a case-to-case basis.

    Travelers from Saudi Arabia can already enter Austria with no quarantine on arrival by presenting a negative Covid-19 test, or proof of vaccination, or past infection report upon entry, said the reports, adding that these documents can be either in German or English.

    Austria will also reportedly allow, without quarantine, unvaccinated children under the age of 18 traveling with vaccinated parents.

    The vaccines Austria recognizes include those by BioNtech/Pfizer, AstraZeneca, Johnson & Johnson, Moderna, Sinopharm, and Sinovac.

    The Austrian National Tourist Office’s Middle East section Director Robert Gröblacher was quoted by the reports as saying: “Welcoming travelers from the GCC is not only a revival to the tourism scene in Austria, but also a great opportunity to explore and exchange experiences, strengthen cross-cultural ties, and join forces in bridging between people to better promote travel and tourism.”