MA Yusuff Ali receives the Gold Card visa in Abu Dhabi.
The Federal Authority for Identity and Nationality has announced that it has issued the first Gold Card to Indian billionaire, businessman MA Yusuff Ali in Abu Dhabi.
Brigadier General Saeed Salem Al-Shamsi, Executive Director of the General Directorate of Residency and Foreigners Affairs in Abu Dhabi, handed over the card to the investor Yousuff Ali, who is the Board Member of the Abu Dhabi Chamber of Commerce and Industry, Chairman of the Lulu International Group. Economic Growth in the State.
The move comes into force in accordance with the Cabinet Resolution No. 56 of 2018, providing residency facilities for investors, entrepreneurs and special talented individuals.
The agency said it has launched a programme to connect with the country's 6,800 investors who are eligible for the Gold Card.
The aim is to familiarise them with the new system and explain its great benefits and unprecedented advantages that offer them wider horizons and more diversified options for managing and developing their investments efficiently.
The UAE Cabinet has approved a landmark decree amending certain provisions of the existing “commercial transactions law” to allow drawers and payees of bounced cheques additional opportunities at reconciliation.
Consumers will benefit from greater transparency with less chances of malpractice. The new regulations will make the UAE’s life insurance sector more organised, more professional and more competitive.
The innovative transaction structure allows ADNOC to tap new pools of global institutional investment capital, whilst maintaining full operating control over the assets included as part of the investment.
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