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UAE PM Unveils “Gold Card” Program to Boost Real Estate Sector

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UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum has launched a permanent residency scheme for expatriates to invite them to invest in property and permanently settle in the UAE. With the help of this scheme, UAE would attract wealthy professionals and businessmen to the Gulf nation.

UAE’s “Gold Card” scheme would be an excellent opportunity for Indian investors and professionals such as doctors, scientists, artists as well as students to buy property in United Arab Emirates. Many business leaders would get benefitted due to their property investment in the Gulf nation as it would offer them an innovative, safe, and productive environment to run their business. UAE has launched this scheme by taking into consideration the economic diversification and its sustainable development goals.

With the introduction of this new scheme by UAE, it will be possible to give a boost to its property market. The country has been looking to expand its property market with the introduction of five-year retirement visas, and long term visa plans for the visitors. Most of the expats come to the UAE with the aim of making money and have a short-term plan to stay in the Gulf nation. Now, with the “Gold Card” scheme, people would look for permanent residency in the UAE.

It will be interesting to see how the Indians would react to this “Gold Card” scheme by the UAE. Since there are many good property investment options with excellent housing facilities in different regions of India, such as Dlf the crest Gurgaon and Dlf magnolias Gurgaon, it will be a tough choice for Indians to permanently settle in UAE.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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Russian Lawmakers Plan to Restrict the Email Access Using Telephone Verification

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Russian lawmakers have proposed to make it mandatory for internet users to verify their identity with phone numbers before gaining access to email. The State Duma has already made such a rule that put the same restrictions on the use of all instant messengers. The team of lawmakers led by senators Andrey Klishah and Alexander Bashkin, have also proposed to make it mandatory for email services to block messages containing any information that is banned in Russia. This action needs to take place within 24 hours from the time the state authorities notify of the issue.

The draft law’s explanatory note claims, “The adoption of this legislation will significantly reduce the number of false terrorist messages distributed through email services, create the legal conditions for bringing criminals to justice, and reduce the economic damage from such communications.”

The new email verification law will stop cyber crimes in the country and will provide hassle-free Internet service to Russians. Russia’s RuNet isolation law was also passed earlier this year. Senates Klisha and Bashkin were the co-authors of this law. The legislation is now allowing Russia’s federal authorities to command and take control over Russia’s Internet exchange points with the outside world. Russia can not create an infrastructure with the help of this theoretical law to make the country’s internet operate in isolation from the rest of the world. Russia government’s official censor, Roskomnadzor is authorized for running sustainable and safe internet services in the country.

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