{"id":629105,"date":"2018-05-22T04:12:01","date_gmt":"2018-05-22T04:12:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/uae-looks-to-eliminate-foreign-ownership-limits-extend-residency-visa-duration\/"},"modified":"2018-05-22T04:12:01","modified_gmt":"2018-05-22T04:12:01","slug":"uae-looks-to-eliminate-foreign-ownership-limits-extend-residency-visa-duration","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/uae-looks-to-eliminate-foreign-ownership-limits-extend-residency-visa-duration\/","title":{"rendered":"UAE looks to eliminate foreign ownership limits, extend residency visa duration,"},"content":{"rendered":"

UAE could eliminate foreign ownership limits, extend duration of residency visas:<\/strong> The UAE is expected to lift foreign ownership limits on local companies, allowing foreign investors 100% ownership by the end of the year, according to the UAE\u2019s news agency WAM<\/a>. The new policy also grants 10-year visas to foreign workers in the medical, scientific, research and technical fields. Scientists, innovators and \u201cexceptional students\u201d will be granted 10-year visas as well. Those studying in the UAE will see their visas extended to five years. \u201cWe expect a significant positive effect on foreign direct investments,\u201d said Jaap Meijer, managing director and head of equity research at investment bank Arqaam Capital tells Bloomberg<\/a>.<\/p>\n

A boon to a sickly property market?<\/strong> \u201cThe decision should also help net immigration, which should significantly alleviate the current pressure on housing markets,\u201d Meijer added. Faisal Durrani, global head of research at property broker Cluttons, feels that the move would go a long way to stimulate demand in the country\u2019s ailing real estate market. \u201cThe property markets across the U.A.E. have been dogged by challenges ever since oil prices collapsed nearly four years ago, ranging from the threat of oversupply, to the lack of affordable housing,\u201d he tells Bloomberg<\/a>.<\/p>\n

Other international finance \/ business \/ econ \/ political news<\/strong> that should be on your radar this morning:<\/p>\n

The largest hedge fund launch ever will take place in early June <\/strong>when a star fixed-income trader launches a USD 8 bn fund that has already hired dozens of readers to run bonds and equities in New York and London. (Financial Times<\/a>)<\/p>\n

The Trump Administration is ratcheting up the hawkish rhetoric on Iran<\/strong>, threatening to deepen economic sanctions unless the country back out of Syria and dismantle its nuclear program, Reuters reports<\/a>. The US also closed a loophole by which China would allegedly evade anti-dumping duties by exporting through Vietnam, the newswire says<\/a>.<\/p>\n

Italy is one step closer to having a government<\/strong> after the populist Five Star Movement and the far-right League reached a possible consensus on a prime minister. Both supported the nomination of academic and non-politically-affiliated Giuseppe Conte. Needless to say, it\u2019s not looking great for Italy\u2019s sovereign bonds. (Financial Times<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE could eliminate foreign ownership limits, extend duration of residency visas: The UAE is expected to lift foreign ownership limits on local companies, allowing foreign investors 100% ownership by the end of the year, according to the UAE\u2019s news agency WAM. The new policy also grants 10-year visas to foreign workers in the medical, scientific, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629105","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"597d3b5c-c45d-450c-82df-ef5f4835c938","order":"0","is_powered_by":true,"section_story_id":"36f2d839-ba61-4908-ab90-cb81a580d411","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629086],"teaser":"","voice_url":""},"yoast_head":"\nUAE looks to eliminate foreign ownership limits, extend residency visa duration, - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/uae-looks-to-eliminate-foreign-ownership-limits-extend-residency-visa-duration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE looks to eliminate foreign ownership limits, extend residency visa duration,\" \/>\n<meta property=\"og:description\" content=\"UAE could eliminate foreign ownership limits, extend duration of residency visas: The UAE is expected to lift foreign ownership limits on local companies, allowing foreign investors 100% ownership by the end of the year, according to the UAE\u2019s news agency WAM. 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They will instead be required to apply for a visa at an\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647594,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egypt-sudan-reach-agreement-over-citizens-residency-in-both-countries\/","url_meta":{"origin":629105,"position":1},"title":"Egypt, Sudan reach agreement over citizens\u2019 residency in both countries","author":"enterpriseam admin","date":"15 May 2017","format":false,"excerpt":"Have we ended our spat with Sudan? Egypt and Sudan have reached an agreement regarding their citizens\u2019 residency, freedom of movement, and visa costs, according to Ahram Online. The agreement included Egypt agreeing to return confiscated property to Sudanese miners who were arrested in March 2015, then pardoned by President\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605559,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/foreigners-applying-for-residency-permits-get-your-hard-currency-ready\/","url_meta":{"origin":629105,"position":2},"title":"Foreigners applying for residency permits: Get your hard currency ready","author":"enterpriseam admin","date":"3 September 2023","format":false,"excerpt":"Foreigners here without a valid residency permit have three months to get their paperwork in order","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/29.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651261,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/08\/supreme-tourism-council-approves-launch-of-electronic-visas\/","url_meta":{"origin":629105,"position":3},"title":"Supreme Tourism Council approves launch of electronic visas","author":"enterpriseam admin","date":"8 February 2017","format":false,"excerpt":"e-Visas are back on the table: The Supreme Tourism Council, led by President Abdel Fattah El Sisi, agreed during its first meeting held yesterday to introduce electronic visas and \u201cfacilitate visas for Arab citizens\u201d to stimulate the tourism industry, according to an emailed statement. Deregulation of the airlines industry could\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639158,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/saudi-to-open-up-bourse-foreign-ownership-limits\/","url_meta":{"origin":629105,"position":4},"title":"Saudi to open up bourse foreign ownership limits","author":"enterpriseam admin","date":"23 October 2017","format":false,"excerpt":"Saudi Arabia is pushing foreign ownership limits in its bourse past the 10% mark, Reuters reports. The country\u2019s Capital Market Authority is working with the Saudi Arabian General Investment Authority to \u201cto prepare rules under which foreign investors with appropriate experience and expertise could own such stakes.\u201d The CMA said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637739,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/interior-ministry-allows-qataris-entry-visas-into-egypt\/","url_meta":{"origin":629105,"position":5},"title":"Interior Ministry allows Qataris entry visas into Egypt?","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"Interior Ministry allows Qataris entry visas into Egypt? The Interior Ministry issued a directive reversing an earlier ban on granting Qatari citizens entry visa, a decision published on the Official Gazette on Wednesday, Al Shorouk reports. 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