UAE confirms law allowing foreigners to obtain long-term residencies for retirement

The UAE cabinet has approved a law that will allow foreigners to obtain long-term residencies in the Emirates after they retire. (AFP)
Updated 17 September 2018
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UAE confirms law allowing foreigners to obtain long-term residencies for retirement

  • The law will provide special residency-visa privileges for expatriate retirees over the age of 55 years for a period of five years, with the possibility of renewal
  • It is part of the UAE government’s drive to boost economic growth in the country

DUBAI: The UAE cabinet has approved a law that will allow foreigners to obtain long-term residencies in the Emirates after they retire, the prime minister Sheikh Mohammed bin Rashid Al-Maktoum said on Sunday.
Dubai Media Office announced the significant move on their Twitter page. It is part of the UAE government’s drive to boost economic growth in the country.

The law will provide special residency-visa privileges for expatriate retirees over the age of 55 years for a period of five years, with the possibility of renewal, according to specific conditions, WAM reported.

According to the WAM statement, the law, which will be in effect from 2019, “outlines the requirements to qualify for the long-term visa such as having an investment in a property worth AED2 million ($544,000), or having financial savings of no less than AED1 million, or having an active income of no less than AED20,000 per month.”

 


Security tops agenda as Iraqi PM visits Egypt in first foreign trip

Updated 23 March 2019
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Security tops agenda as Iraqi PM visits Egypt in first foreign trip

  • After meeting Egyptian President Abdel Fattah El-Sisi, Abdul Mahdi highlighted “the importance of drying up the sources of terrorism”
  • The visit to Egypt is Abdul Mahdi’s first trip abroad since taking office in October

CAIRO: Iraqi Prime Minister Adel Abdul Mahdi sought Egypt’s support for efforts to tackle extremist militants in the region during a visit to Cairo on Saturday, his first trip abroad since taking office in October.
After meeting Egyptian President Abdel Fattah El-Sisi, Abdul Mahdi highlighted “the importance of drying up the sources of terrorism” and said “cooperation between Egypt and Iraq will be essential for this matter,” according to an official statement.
His comments came as US-backed forces said they had captured Daesh’s last shred of territory in eastern Syria at Baghouz, ending its territorial rule over a self-proclaimed caliphate straddling Syria and Iraq after years of fighting.
Though the defeat ends the group’s grip over the extremist quasi-state that it declared in 2014, it remains a threat.
Some Daesh fighters still hold out in Syria’s remote central desert and in Iraqi cities they have slipped into the shadows, staging sudden shootings or kidnappings and awaiting a chance to rise again.
The United States thinks the group’s leader, Abu Bakr Al-Baghdadi, is in Iraq.
Defeating militants in Egypt’s Sinai Peninsula and restoring security after years of unrest has been a key promise of El-Sisi, the general-turned-president who came to power a year after the military overthrew Islamist President Mohammed Mursi in 2013.
Egypt has fought an insurgency waged by a Daesh affiliate in North Sinai since 2013. Hundreds of members of the security forces have been killed.