A series of amendments to Abu Dhabi’s residency regulations are being prepared by the emirate’s executive council and the UAE Cabinet.
The changes will encourage expatriates to invest in the capital and will increase their social stability, reported state news agency Wam. The amendments are expected within weeks.
While details of the changes have yet to be released, the announcement comes a month after Ahmad Bin Ghannam, acting executive director of international economic relations at Abu Dhabi’s Department of Economic Development, said the ministry was working on incentives to attract foreign investors that included changes to corporate ownership laws.
“What you can expect is further opening of ownership in the emirate of Abu Dhabi in co-ordination with the [UAE] Ministry of Economy,” he told the media during an event in Dubai.
The federal Ministry of Economy is working on a long-awaited UAE investment law expected to dramatically change the commercial landscape of the country, particularly in the non-oil sector, by allowing 100 per cent foreign equity ownership in certain sectors. The law was expected to be ratified in the first quarter of 2018.
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Read more:
Residency changes could open the floodgates to Abu Dhabi's property sector, say experts
Abu Dhabi to further relax investment rules in 2018, official says
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Under current laws any foreign company in Abu Dhabi must have an Emirati partner who owns 51 per cent of the shares, unless opening in the free zone.
Some of the expected changes include amendments to residency regulations for retirees, longer residency visas, new types of visas and longer student visas — which are currently issued one year at a time.
“The aim is to protect the local investor in a way that does not weaken the opportunities, efficiency and competitiveness of all categories of investors,” Wam said.
Ziad Salloum, a lawyer and partner at Salloum and partners, said opening up ownership to expatriates would benefit Abu Dhabi’s economy as a whole.
“There may be companies who might be concerned about coming into the country and finding a suitable partner to build their business.”
However, he said “there are a lot of firms who have been doing business in the UAE for decades and many ways to mitigate concerns. For example, they can agree with the Emirati on the percentage of shareholding each partner will have and agree in advance over how the company will be managed but that’s not to say that opening up the laws might not benefit the country as a whole, clearly the rulers see a significant benefit to this.”
Company%20profile
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Mohammed bin Zayed Majlis
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
FIXTURES
Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan
The top two teams qualify for the World Cup
Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.
Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place playoff
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Company%20Profile
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: seven-speed automatic
Power: 592bhp
Torque: 620Nm
Price: Dh980,000
On sale: now
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
THE SPECS
Engine: 3.6-litre V6
Transmission: eight-speed automatic
Power: 285bhp
Torque: 353Nm
Price: TBA
On sale: Q2, 2020
No more lice
Defining head lice
Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.
Identifying lice
Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.
Treating lice at home
Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.
Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital
Honeymoonish
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