In a bid to attract tourism and foreign investments, UAE goes liberal as it relaxes various laws and allows pre-marital sex.

UAE liberalizes laws: To not censor explicit content, allow pre-marital sex & relaxes alcohol laws

The United Arab Emirates announced Sunday a major plan to stimulate its economy and liberalise stringent residency laws for expatriates, as the country seeks to overhaul its finances and attract foreign residents and capital.

The country's plan to lure foreign talent reflects a growing contrast with the other oil-rich economies of the Persian Gulf that are becoming increasingly protectionist.

Although many of the Emirati ministers' promised overhauls remained vague at a press conference, their intentions to boost spending after the devastation of the pandemic and loosen laws to draw more residents was clear.

Abdulla bin Touq, the minister of the economy, pledged that the Emirati government would pour some USD 13.6 billion into the economy over the next year. He laid out a raft of investment opportunities for countries to boost development by 10 per cent in the coming years.

"We are confident that these projects in the support of investment will make (the UAE) one of the most competent economies in the world,"&nbsp;he proclaimed at the government's first large in-person press conference since the pandemic

The UAE for years since its independence has tied employment to residency status, giving employers outsized power and forcing people to immediately leave the country once they lost their jobs.

The new plans give residents more time to seek other jobs after termination, allow youth over age 15 to gain employment as they live with their parents, and enable widows and divorced couples to live longer without visa restrictions in the country.

The United Arab Emirates announced Sunday a major plan to stimulate its economy and liberalise stringent residency laws for expatriates, as the country seeks to overhaul its finances and attract foreign residents and capital.

The United Arab Emirates announced Sunday a major plan to stimulate its economy and liberalise stringent residency laws for expatriates, as the country seeks to overhaul its finances and attract foreign residents and capital. The country's plan to lure foreign talent reflects a growing contrast with the other oil-rich economies of the Persian Gulf that are becoming increasingly protectionist. Although many of the Emirati ministers' promised overhauls remained vague at a press conference, their intentions to boost spending after the devastation of the pandemic and loosen laws to draw more residents was clear. Abdulla bin Touq, the minister of the economy, pledged that the Emirati government would pour some USD 13.6 billion into the economy over the next year. He laid out a raft of investment opportunities for countries to boost development by 10 per cent in the coming years. "We are confident that these projects in the support of investment will make (the UAE) one of the most competent economies in the world," he proclaimed at the government's first large in-person press conference since the pandemic The UAE for years since its independence has tied employment to residency status, giving employers outsized power and forcing people to immediately leave the country once they lost their jobs. The new plans give residents more time to seek other jobs after termination, allow youth over age 15 to gain employment as they live with their parents, and enable widows and divorced couples to live longer without visa restrictions in the country.

UAE rolls out plan to invest in economy, liberalise laws

Germany's liberal Free Democrats (FDP) will not join a coalition led by the ecologist Greens after an election in September, mass-selling Bild daily reported on Monday, citing party sources. 
 
The decision would make it more difficult for the Greens, who are expected to come second in the election behind Chancellor Angela Merkel's conservatives, to try to form a government after the vote. 
 
The Greens are running about 8 points behind the conservatives and polling at about 20%. 
 
The conservatives and Greens could seek to form a coalition after the election but may find it difficult to bridge differences on whether to raise taxes to fund a transition to a carbon-neutral economy and ramp up investments in digital infrastructure and schools. 
 
The conservatives argue that tax hikes would harm the economic recovery from the coronavirus pandemic. 
 
Opinion polls show the Greens would have a majority in parliament with the FDP and centre-left Social Democrats (SPD), who are polling on about 13% and 16%, respectively. 
 
The FDP are the conservatives' preferred ruling partners but the two parties are unlikely to win enough votes for a parliamentary majority given that the conservative bloc is on 28%. 
 
(With inputs from agencies)

Germany's liberal Free Democrats (FDP) will not join a coalition led by the ecologist Greens after an election in September, mass-selling Bild daily reported on Monday, citing party sources.

Germany's liberal Free Democrats (FDP) will not join a coalition led by the ecologist Greens after an election in September, mass-selling Bild daily reported on Monday, citing party sources. The decision would make it more difficult for the Greens, who are expected to come second in the election behind Chancellor Angela Merkel's conservatives, to try to form a government after the vote. The Greens are running about 8 points behind the conservatives and polling at about 20%. The conservatives and Greens could seek to form a coalition after the election but may find it difficult to bridge differences on whether to raise taxes to fund a transition to a carbon-neutral economy and ramp up investments in digital infrastructure and schools. The conservatives argue that tax hikes would harm the economic recovery from the coronavirus pandemic. Opinion polls show the Greens would have a majority in parliament with the FDP and centre-left Social Democrats (SPD), who are polling on about 13% and 16%, respectively. The FDP are the conservatives' preferred ruling partners but the two parties are unlikely to win enough votes for a parliamentary majority given that the conservative bloc is on 28%. (With inputs from agencies)

German liberal FDP rules out coalition with Greens after election: Report

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