After a four-year halt, the UAE travel ban to Lebanon was lifted in May, much to the joy of citizens from both sides. Emirati visitors have been quick to fly over, despite the recent unrest, as Lebanon prepares itself for what is hopes will be a busy summer season.
Restaurants and bars have been thriving in Beirut, with new creative venues opening almost weekly. New hotels are opening and Lebanon’s famed summer festivals have announced exciting programmes of live music and performances from local and international artists.
The cultural scene includes art exhibitions and a few new galleries. For Barjeel Art founder Sultan Sooud Al Qassemi, this was what drew him to make a long-overdue visit soon after the ban was lifted.
“It had been 14 years since I had been to Lebanon and in that time many cultural institutions opened,” Al Qassemi tells The National. “I was keen to visit them. Beirut, despite all the conflict, remains a major cultural hub in the region. I visited the Sursock Museum, the National Museum of Beirut, AUB galleries and the Dalloul Art Foundation alongside a tour of Basel Dalloul's own private collection at his residence.
“I was waiting for the right moment and made sure I went in the first few days after the travel ban was lifted. I plan to visit more often because of all of the cultural institutions, collectors' homes, archives and galleries that I didn't get to see during my short visit.”
In the past, Emiratis enjoyed spending summers in Lebanon for all the above reasons, combined with more temperate weather than at home and a short flight. Now that the travel ban has been lifted, they’re eager to visit again.
Lebanon’s Ministry of Tourism is anticipating a strong summer, thanks to returning expats and regional tourists.
A lot of effort has been put into strengthening the tourism sector. Amenities and facilities have been added to Beirut’s airport; campaigns encouraging tourists to visit other cities and rural locations have been running; and guides and other institutions have been undergoing training.
We are working to extend tourism throughout the year and in all regions
Laura Lahoud,
Lebanon's Minister of Tourism
“We deeply appreciate the UAE's initiative and look forward to welcoming back all Gulf visitors who consider Lebanon their second home and are vital to its tourism sector, with many having strong ties and properties here,” Lebanon's Minister of Tourism Laura Lahoud tells The National.
“The government aims to solidify this renewed trust and pave the way for a thriving tourism industry.
“It is important that visitors have the best experience from the moment they arrive until the moment they leave. We are also working to extend tourism throughout the year and in all regions, from the north to the south and the Beqaa Valley.
“We want visitors to benefit from everything Lebanon offers – from the sea and the mountains to the beautiful nature – so that they always return.”
The Phoenicia, one of the capital's oldest and grandest hotels, reopened in late 2022 after repairs from the 2020 Beirut Port blast. It has slowly been revamping its facilities, including the spa and restaurants. Amethyst, the hotel's poolside lounge, will reopen this month.
“We have observed a modest uptick in inquiries and bookings from the UAE market, particularly among leisure and corporate travellers,” says general manager Mathieu Greppo.
“Looking ahead, we are optimistic about the summer season. Continued stability and positive developments in regional relations would further bolster this outlook.”
This month The View Hotel opened as an annex to the iconic historic shell of the former St George Hotel on the marina.
A number of other restaurants, bars and coffee shops have opened, from high-end sophisticated experiences such as Mimi in Achrafieh to low-key burger joints like Slot in Gemmayzeh.
Mimi owners Yasmina and Elissa Yared feel now is a good time to open their restaurant because people are steadily reinvesting in the country. Their Mediterranean-menu and lively atmosphere is already drawing in excited patrons.
“We always see that there is potential to invest here, as people love to go out and they're very positive despite all the problems,” Yasmina tells The National. “The lifting of the ban is great news for the food and beverage sector.
“For the past five years, after the explosion and the economic problems, more than 70 per cent of institutions had to close and now people are reinvesting and opening.
“When we have more people coming from abroad it will maybe make it easier than before. The projection is positive, so we’re hopeful.”
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The Porpoise
By Mark Haddon
(Penguin Random House)
RACE CARD
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7.05pm Handicap (TB) Dh102,500 (D) 1,200m
7.40pm Handicap (TB) Dh105,000 (Turf) 1,800m
8.15pm UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
9.50pm Handicap (TB) Dh105,000 (D) 1,600m
9.25pm Handicap (TB) Dh95,000 (T) 1,000m
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
How much of your income do you need to save?
The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.
In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)
Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.
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Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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