ARN News Centre

Indian investor Yousuf Ali gets first UAE 'Golden Card'

Tuesday, 4 June 2019 07:48

Indian billionaire Yousuf Ali is the first expat to be granted permanent residency in the UAE.

The Chairman of the Lulu International Group was given a 'Golden Card' by authorities on Monday.

He is the first of 6,800 investors with total investments of AED 100 billion who will get lifelong residency under a new scheme that was announced last month.

The initiative is expected to benefit investors and exceptional talents in the fields of medicine, engineering, science and arts.

Ali is also a Board Member of the Abu Dhabi Chamber of Commerce and Industry.

More from UAE

UAE confirms school calendar for next three years

The UAE's Ministry of Education has approved the academic calendar for the next three years, covering 2026 to 2029, for public and private schools.
Red and yellow alert issued as dense fog blankets UAE

The UAE weather bureau has warned motorists of heavy fog conditions reducing visibility across the UAE on Tuesday.
Sheikh Abdullah holds talks with Iran's Abbas Araghchi

Sheikh Abdullah bin Zayed, Deputy Prime Minister and Minister of Foreign Affairs, has highlighted the vital role of the US-Iran negotiations during a phone call with Iranian Foreign Minister Abbas Araghchi.
UAE announces Eid Al Fitr holidays for public, private sectors

The UAE government has announced Eid Al Fitr holidays for the public and private sectors.