UAE VISA FOR INNOVATORS

GULF NEWS - UAE Cabinet approved 5-year, 10-year visas for investors, entrepreneurs, talented expats.

Dubai: The UAE cabinet on Monday approved the regulatory framework for issuance of five and 10-year UAE residence visas to certain categories of applicants.

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has announced on Twitter that the regulatory framework to start issuing long-term residence permits for investors, entrepreneurs, innovators and specialised talents is now in place. Departments in the UAE will now start receiving applications, he tweeted on Monday.

"The UAE has been and will remain a destination for talents... and a land to fulfill the dreams of all pioneers", Shaikh Mohammad added in the tweet, as part of his announcements following a cabinet meeting held at the Presidential Palace in the capital on Monday.

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Earlier: 

2019, February, 25, 11:35:00 ADNOC INVESTMENT AGREEMENT $4 BLN MEOG - The Abu Dhabi National Oil Company (ADNOC) has signed a multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock. Through a newly formed entity, ADNOC Oil Pipelines, ADNOC will lease its interest in 18 pipelines for a 23-year period. ADNOC received upfront proceeds of $4bn from the transaction, which is expected to close in Q3 2019.

2019, February, 20, 10:40:00 ADNOC RATING AA+ ENA - The Abu Dhabi National Oil Company, ADNOC, announced that Fitch Ratings, Fitch, has assigned ADNOC Group a standalone credit rating of AA+. The rating, according to Fitch, highlights the company’s high upstream output and significant reserves, strong profitability, commercially-focused business model, downstream integration and conservative financial profile. The rating, Fitch said, sits at the upper boundary of the agency’s rating spectrum for all oil and gas companies.

2019, February, 6, 10:10:00 UAE HYDROGEN ENERGY KHALEEJ TIMES - "Dewa, Expo 2020 Dubai and Siemens are working together to help realise His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai's, vision to identify new energy resources and provide sustainable power as part of a balanced approach that prioritises the environment. Our aim is to make Dubai a model of energy efficiency and safety," said Sheikh Ahmed.

2019, February, 4, 09:50:00 UAE GDP UP 3.7% IMF - The economy is starting to recover from the 2015–16 slowdown caused by a decline in oil prices. Growth momentum is expected to strengthen in the next few years with increased investment and private sector credit, improved prospects in trading partners, and a boost to tourism from Expo 2020. Non-oil growth is projected to rise to 3.9 percent in 2019 and 4.2 percent in 2020. The oil sector’s prospects have also improved with higher oil prices and output. Overall real GDP growth is projected at around 3.7 percent for 2019–20.

2019, January, 21, 11:15:00 EMIRATES RENEWABLE INVESTMENT AED4.4 BLN ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

2018, December, 24, 11:30:00 UAE HELP PAKISTAN $3 BLN AN - The United Arab Emirates plans to deposit $3 billion in Pakistan's central bank "in the next few days", the UAE state news agency WAM reported on Friday, while a Pakistani official said Islamabad also hopes it will allow deferred payments for oil supplies.

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