Abu Dhabi, UAESunday 16 June 2019

Business Extra: Golden Card permanent UAE residency a reality

We discuss the UAE's new permanent-visa scheme before breaking down the Huawei-United States controversy and talk to the co-founder of The PlayPreneurs Club

Sheikh Mohammed said the visa scheme was 'our way to welcome all those seeking to be a part of the UAE’s success story'. Wam
Sheikh Mohammed said the visa scheme was 'our way to welcome all those seeking to be a part of the UAE’s success story'. Wam

Thousands of foreign investors and residents have been identified for a "golden card" permanent residency scheme, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai announced on Tuesday.

Top business leaders from across the Emirates said the move will give investors greater confidence to settle in the country. They also believe it will create greater demand for buying property, boosting a sluggish property market in Dubai and Abu Dhabi.

Host Mustafa Alrawi, Assistant Editor in Chief, and Kelsey Warner, Assistant Business Editor, discuss the potential impact that the 'Golden Card' could bring.

Listen here:

In this episode:

  • Top news you need to know (at 40 seconds)
  • Analysis of impact of Golden Card permanent UAE residency programme (1minute 50s)
  • We then discuss the latest developments around Chinese telecoms equipment maker Huawei which is being targeted by Washington over concerns its 5G domination could open a back door for Beijing. (8m 50s)
  • Chris Nelson interviews Zeina Akkawi, a co-founder of The PlayPreneurs Club, which helps Emirati entrepreneurs access mentoring to build their businesses. (14m 45s)

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Updated: May 23, 2019 12:05 PM

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