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UAE visa offenders have been encouraged to go without fear and apply for a visa amnesty that begins on Sunday.
Thousands of people with expired documentation are believed to be planning to benefit from the two-month amnesty to change their status or leave the country without being fined.
There are locations throughout the emirates where applications can be processed. In Abu Dhabi, people can apply at ICP centres in Al Dhafra, Sweihan, Al Maqam and Al Shahamah, and private typing centres that are recognised by the ICP.
While in Dubai, people wanting to change their status have been urged to go to the emirate's 86 Amer service centres, while those wanting to waive fines and leave the country should go to the centre for immigration in Al Awir.
“Don’t be afraid and go to any service centre to apply easily for amnesty. Overstay violators will enjoy zero fines to change their status or leave the country without consequences,” Maj Gen Obaid Muhair bin Suroor, deputy director general of the General Directorate of Residency and Foreigners Affairs GDRFA-Dubai, told The National.
“The UAE government launched the initiative as we want the best for the people living in the UAE.”
Maj Gen bin Suroor said the coming amnesty, which will end on October 31, is generous as there will be no ban on those who decided to leave the UAE.
“Violators who get an exit pass during the amnesty to return back to their countries can come back to the UAE as they wont be on a banned list,” he added.
Those who can apply for the amnesty include residents who stay illegally in the country after the expiry of their residency visa, visitors to the UAE who stayed in the country after their visit visa had run out and children who were born in the UAE but whose parents did not apply for residency for them.
The amnesty will also be applicable to those who fled from their sponsors. Anyone who has entered the country illegally will not be eligible.
The two-month grace period is being overseen by the Federal Authority for Identity, Citizenship, Customs and Port Security.
Lt Gen Mohammed Ahmed Al Marri, Director General of GDRFA, said the department is fully ready to implement the initiative and welcome the amnesty seekers.
“We are ready for the initiative which reflects the UAE's humanitarian values and Dubai's commitment to tolerance, community compassion, respect, and the rule of law,” he said.
The exit permit is valid for 14 days, after that all previous fines will be reinstated if you have not left the country.
Where to apply for the amnesty?
There are locations throughout the emirates where an application for amnesty can be processed.
In Abu Dhabi, people can apply at ICP centres in Al Dhafra, Sweihan, Al Maqam and Al Shahamah and private typing centres that are recognised by the ICP.
Typing centres typically perform administrative services, including application submissions.
In Dubai, amnesty services will be provided at its Amer service centres, and the centre for immigration in Al Awir.
Amnesty applications can be made at ICP centres throughout the rest of the emirates.
Service centres will be operational daily throughout the amnesty from 8am until 8pm.
What about people who lost passports?
For people applying for amnesty in Abu Dhabi, they should submit an application through the ICP smart system to obtain a document with details about their expired residency or entry permit and a lost passport certificate before going to their embassies and consulates to issue new passports or travel documents.
For other emirates, people should go to police headquarters for the lost passport service to get the certificate and then go to the embassy or consulate.
What about children who are living in the UAE but not registered?
For a child to leave the country, the parents should get a passport or travel document for the child and either go to an amnesty centre or apply online to get an exit pass for the child.
Parents who had been staying illegally but change their status and stay in the country can also amend the status of their children without paying fines.
MEYDAN RESULTS
6.30pm Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m
Winner ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer).
7.05pm Maiden (TB) Dh165,000 (D) 1,200m
Winner Galaxy Road, Antonio Fresu, Musabah Al Muhairi.
7.40pm Maiden (TB) Dh165,000 (D) 1,400m
Winner Al Modayar, Fernando Jara, Ali Rashid Al Raihe.
8.15pm Handicap (TB) Dh170,000 (D) 1,900m
Winner Gundogdu, Xavier Ziani, Salem bin Ghadayer.
8.50pm Rated Conditions (TB) Dh240,000 (D) 1,600m
Winner George Villiers, Tadhg O’Shea, Satish Seemar.
9.25pm Handicap (TB) Dh175,000 (D)1,200m
Winner Lady Parma, Connor Beasley, Satish Seemar
10pm Handicap (TB) Dh165,000 (D) 1,400m
Winner Zaajer, Fernando Jara, Ali Rashid Al Raihe
MATCH INFO
Fixture: Thailand v UAE, Tuesday, 4pm (UAE)
TV: Abu Dhabi Sports
Greatest Royal Rumble results
John Cena pinned Triple H in a singles match
Cedric Alexander retained the WWE Cruiserweight title against Kalisto
Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus
Jeff Hardy retained the United States title against Jinder Mahal
Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos
Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe
AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out
The Undertaker beats Rusev in a casket match
Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match
Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last
Huddersfield Town permanent signings:
- Steve Mounie (striker): signed from Montpellier for £11 million
- Tom Ince (winger): signed from Derby County for £7.7m
- Aaron Mooy (midfielder): signed from Manchester City for £7.7m
- Laurent Depoitre (striker): signed from Porto for £3.4m
- Scott Malone (defender): signed from Fulham for £3.3m
- Zanka (defender): signed from Copenhagen for £2.3m
- Elias Kachunga (winger): signed for Ingolstadt for £1.1m
- Danny WIlliams (midfielder): signed from Reading on a free transfer
IF YOU GO
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info
Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Killing of Qassem Suleimani
Zayed Sustainability Prize
Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
COMPANY PROFILE
Name: N2 Technology
Founded: 2018
Based: Dubai, UAE
Sector: Startups
Size: 14
Funding: $1.7m from HNIs
