Amid Gulf rift, Qatar offers visa-free entry to 80 nations including India

Agencies
August 9, 2017

Doha, Aug 9: Qatar announced on Wednesday a programme to allow visa-free entry for citizens of 80 countries to encourage air transport and tourism amid a two-month boycott imposed on the Gulf state by its neighbors.

Nationals from dozens of countries in Europe and elsewhere including India, Lebanon, New Zealand, South Africa, and the United States will now receive tourist visas on arrival to the gas-rich country which hosts the soccer World Cup in 2022.

"The visa exemption scheme will make Qatar the most open country in the region," Hassan al-Ibrahim, Chief Tourism Development officer at Qatar Tourism Authority told reporters at a press conference in Doha.

Oil giant Saudi Arabia along with Egypt, Bahrain and the United Arab Emirates imposed a boycott on Qatar on June 5 and cut off all transport links with the country after accusing it of supporting terrorism and of close ties to Iran.

Doha denies the charges. Since the boycott began, Qatar has sought to build up its diplomatic and trade ties beyond the Gulf region. The visa scheme is just the latest in a series of measures aimed at preparing Qatar for greater economic independence in the long term. Efforts led by Kuwait to resolve the rift are ongoing.

Qatar has flown in food supplies from Turkey and Iran and chartered new shipping routes via Oman to bring in construction materials but hotel occupancy rates have fallen with Saudis, a key source of tourism, barred by their government from visiting the country.

Visitors from the six-nation Gulf Cooperation Council usually account for almost half of all visitors to Qatar.

Air links suspended by the four Arab states represented around 25 percent of flights by state-owned Qatar Airways, one of the region's big three carriers.

On August 3, Qatar approved legislation allowing certain permanent residents to benefit from parts of the state's generous welfare system, including education and health-care services, a first for the Gulf.

Under the law, children of Qatari women married to foreigners and people with special skills "needed by the state," can benefit from the new status.

Foreign workers from countries including India and Nepal account for around 90 percent of Qatar's population of 2.7 million.

Qatar's World Cup organising committee has said the Arab sanctions will not affect preparations for the World Cup.

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News Network
March 21,2020

Rome, Mar 21: Italy on Friday reported a record 627 new deaths from the novel coronavirus, taking its overall toll past 4,000 as the pandemic gathered pace despite government efforts to halt its spread.

The total number of deaths was 4,032, with the number of infections reaching 47,021.

Italy's previous one-day record death toll was 475 on Wednesday.

The nation of 60 million now accounts for 36.6 percent of the world's coronavirus deaths.

Italy has seen more than 1,500 deaths from COVID-19 in the past three days alone.

Its current daily death rate is higher than that officially reported by China at the peak of its outbreak around Wuhan's Hubei province.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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News Network
March 24,2020

Mysuru, Mar 24:m who returned from foreign travel and flouted home quarantine guidelines has been arrested in Mysuru on Monday. 

The man, who returned from Australia, had a seal on his hand but was roaming around the city. 

According to police, he was supposed to be under home quarantine till April 6. V V Puram Police took him into custody.

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