UAE allows 100 percentage ownership foreign  Investors

UAE allows 100 percentage ownership foreign Investors

The United Arab Emirates will soon allow foreigners to fully own their business in Dubai or Abudhabi without a local partner .The new rule is to stop other Gulf countries on its lead in attracting foreign investment. UAE also announced 10-year residency permits for professional from foreign countries. This decision is a clear indication that UAE is seriously diverging their revenue model without depending on the revenues from oil. At present, the business houses in free zone areas like the Dubai International Financial Centre are the only few places where expats can hold 49% shares along with a local partner. Dubai, with its eight-lane highways, sea-side skyscrapers, giant malls is one of the most preferred cities among expatriates.

 

 




Nadal relentlessly marches on

Nadal relentlessly marches on

Rafael Nadal continued his relentless march towards an 18th major title yesterday as an emotional Petra Kvitova swept into her first Grand Slam semi-final since a terrifying knife attack almost ended her career. On day nine of the Aust

BIC set to host Neon Run

BIC set to host Neon Run

Bahrain International Circuit (BIC) is set to host on Friday the much-anticipated BIC Neon Run, held as part of the promotional campaign for the Formula 1 Gulf Air Bahrain Grand Prix 2019. The event is scheduled to be held from 3pm to

Alaina, Hopkins end engagement

Alaina, Hopkins end engagement

Singer Lauren Alaina and partner Alex Hopkins have called it quits. The country star and her beau, who got engaged over last summer, announced they were ending their six-year relationship on their respective Instagram accounts on Monda

Misbah-ul-Haq to visit school

Misbah-ul-Haq to visit school

Misbah-ul-Haq,former Pakistani cricketer who captained the Pakistani team in all three formats of the game, is visiting the British School of Bahrain(BSB) on Thursday. He will hold cricket sessions with students at 8.15am which will be

The Indiana Jones of art

The Indiana Jones of art

A Dutch art detective has returned two priceless stone reliefs stolen from an ancient Spanish church after tracing them to an English nobleman’s garden where they were displayed as ornaments. Arthur Brand, dubbed the “India


BIC set to host Neon Run

BIC set to host Neon Run

Bahrain International Circuit (BIC) is set to host on Friday the much-anticipated BIC Neon Run, held as part of the promotional campaign for the Formula 1 Gulf Air Bahrain Grand Prix 2019. The event is scheduled to be held from 3pm to

Alaina, Hopkins end engagement

Alaina, Hopkins end engagement

Singer Lauren Alaina and partner Alex Hopkins have called it quits. The country star and her beau, who got engaged over last summer, announced they were ending their six-year relationship on their respective Instagram accounts on Monda

Misbah-ul-Haq to visit school

Misbah-ul-Haq to visit school

Misbah-ul-Haq,former Pakistani cricketer who captained the Pakistani team in all three formats of the game, is visiting the British School of Bahrain(BSB) on Thursday. He will hold cricket sessions with students at 8.15am which will be

Tokyo airport tests driverless bus

Tokyo airport tests driverless bus

Visitors pouring into Japan’s Haneda airport for the Tokyo Olympics next year may find themselves ferried to and from planes on driverless buses, currently being tested at the major hub. Six Japanese firms, including national car

EU split over copyright overhaul

EU split over copyright overhaul

Divisions between EU countries could delay or derail plans to overhaul copyright law, an ambition that has set up a battle pitting media firms against internet giants like Facebook and Google. The European Parliament, the European Coun