NEWS ALERT | UAE Adopts Amendments To Grant Citizenship To Investors And Other Professional

DUBAI – – The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their families, the government said on Saturday.

‘The UAE cabinet, local Emiri courts and executive council will nominate those eligible for the citizenship under clear criteria set for each category’, Dubai’s ruler and UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum said in a twitter post.

‘The law allows receivers of the UAE passport to keep their existing citizenship’, Sheikh Mohammed added.

It was unclear if new passport holders would benefit from the public welfare system. The UAE spends billions of dollars each year on free education, healthcare, housing loans and grants for its estimated 1.4 million citizens. 

Foreigners in the UAE usually have renewable visas valid for only a few years tied to employed. The government in recent has made its visa policy more flexible, offering longer residencies for certain types of investors, students, and professionals.

Last year, the government extended its ‘golden’ visa system – which grants 10 – years residency in the Gulf state – to certain professionals, specialised degree – holders and others.

An oil and gas producer, the UAE’s economy has been hit by the coronavirus pandemic and low oil prices, prompting tens of thousands of expatriates to leave.

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Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

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