Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Oman sets terms for top hotels to open event halls

  • Celebration and meeting halls in top hotels can function with a maximum of 35 percent capacity
  • The hotels would have to allow entry to only those fully immunized with vaccines approved Oman

Oman on Thursday, August 26, allowed some hotels to open their event halls for business, but set strict conditions for them to follow, local reports have said.

The country’s Ministry of Heritage and Tourism has reportedly announced that four and five-star hotels may open meeting and celebration halls from Thursday.

The halls can function with a maximum of 35 percent capacity, said the ministry.

It added that hotels would have to allow entry to only those who are fully immunized with vaccines approved by the country.

“The move is based on the advice of the Supreme Committee to deal with Covid-19,” said the ministry.

Oman has already relaxed some of its internal Covid-19 restrictions from August 21.

The relaxation came in the form of the reopening of public buildings, malls, and restaurants, as well as the resumption of public events.

Shops in the country were closed and commercial activities shuttered between 8 pm and 4 am since May.

Oman has seen more than 302,000 cases of Covid-19 infections since the beginning of the pandemic last year.

The novel coronavirus has caused 4,049 deaths in the country so far.