<p>Emirates has signed a deal with Crypto.com, which will allow customers to make payments using crypto trading platforms payment services. The Gulf carrier is expecting to include 'younger, tech-savvy customers' in its market segment. The parent company of Emirates, the Emirates Group, said in a statement on Wednesday that it had signed a deal with Crypto.com.</p><p>The partnership is expected to further boost the regional and global tourism of Dubai, as well as putting it right at the forefront of the digital currency revolution. With the partnership, Emirates wants to tap into the customer segments who prefer digital currencies. Recently, Dubai Duty Free has also entered into an MoU with Crypto.com to enable digital asset payments in both physical stores and online platforms. Dubai Duty Free, one of the largest duty-free retailers in the world, serves millions of international travellers passing through Dubai International Airport annually.&nbsp;</p><p>The UAE has become a hub of crypto companies in recent years, with several start-ups propping up across the nation, with more than 650 crypto firms in the free zone of DMCC, in Dubai. It has already allowed payment by cryptocurrencies in areas like real estate, school fees and transportation. Notably, Dubai set up VARA, a watchdog for regulating digital assets, in 2022.</p><p>This partnership reinforces Dubai’s reputation as a global leader in innovation and technology, but also reinforces the emirate’s ongoing efforts under the D33 Agenda.</p><p>&nbsp;</p><p>&nbsp;</p>

Emirates has signed a deal with Crypto.com to allow younger and tech-savvy customers to pay for its services using digital currencies. 

Emirates has signed a deal with Crypto.com, which will allow customers to make payments using crypto trading platforms payment services. The Gulf carrier is expecting to include 'younger, tech-savvy customers' in its market segment. The parent company of Emirates, the Emirates Group, said in a statement on Wednesday that it had signed a deal with Crypto.com. The partnership is expected to further boost the regional and global tourism of Dubai, as well as putting it right at the forefront of the digital currency revolution. With the partnership, Emirates wants to tap into the customer segments who prefer digital currencies. Recently, Dubai Duty Free has also entered into an MoU with Crypto.com to enable digital asset payments in both physical stores and online platforms. Dubai Duty Free, one of the largest duty-free retailers in the world, serves millions of international travellers passing through Dubai International Airport annually. The UAE has become a hub of crypto companies in recent years, with several start-ups propping up across the nation, with more than 650 crypto firms in the free zone of DMCC, in Dubai. It has already allowed payment by cryptocurrencies in areas like real estate, school fees and transportation. Notably, Dubai set up VARA, a watchdog for regulating digital assets, in 2022. This partnership reinforces Dubai’s reputation as a global leader in innovation and technology, but also reinforces the emirate’s ongoing efforts under the D33 Agenda.

<p>Emirates has signed a deal with Crypto.com to allow younger and tech-savvy customers to pay for its services using digital currencies.&nbsp;</p>

Dubai's Emirates embraces crypto payements for 'younger, tech-savvy customers'

<p><strong>UAE Golden Visa: </strong>Indians in most Gulf Arab nations are unable to stay there permanently because of various regulations, but this could be changing for the United Arab Emirates, if a report in Indian media proves to be true. The United Arab Emirates, one of the main destinations of Indian expatriates, has introduced a new nomination-based <strong>Golden Visa</strong> that will offer lifetime permanent residency, according to a report in the Times of India newspaper.</p><h2>No need for property of business investment</h2><p>In UAE, Indians had to invest in either property or business in order to be eligible for permanent residency. The stipulated value of these investments was AED 2 million, or around 4.66 crore rupees. As per the ToI report, now Indians can pay a one-time fee of AED 1,00,000, or around 2.3 million rupees, and be eligible for permanent residency.</p><p>&nbsp;</p><h2>What is the new golden visa scheme for UAE permanent residency?</h2><p>The Golden Visa of UAE is based on nominations, and is subject to fulfilling certain requirements. The main criteria for nomination for permanent residency under the new system include the individual's professional background, contributions to society, or potential impact in UAE's culture, trade, science, startups, or finance, said the report.</p><p><br><a href="https://www.wionews.com/videos/trump-teases-5-million-gold-card-route-to-us-citizenship-should-indian-be-worried-8759550/embed">https://www.wionews.com/videos/trump-teases-5-million-gold-card-route-to-us-citizenship-should-indian-be-worried-8759550/embed</a></p><h2>The UAE Golden Visa scheme is in pilot stage for India</h2><p>The UAE Golden Visa scheme has been launched in India on a pilot basis, according to the report, citing Rayad Group, which was selected to manage the process in the country. Rayad Group is working with VFS and One Vasco centres for the programme. More than 5,000 Indians are expected to apply in three months, the report said citing Rayad Group. The pilot phase has also started in Bangladesh.</p><h2>How to apply for UAE Golden Visa Scheme?</h2><p>Applications can be uploaded through the online portal and call centre being managed by Rayad Group and VFS. "This is a golden opportunity for Indians," the report quoted Rayad Kamal Ayub, Managing Director of Rayad Group, as saying.</p><p>&nbsp;</p><h2>What is the vetting process of UAE Golden Visa Scheme?</h2><p>The final decision on the Golden Visa nominations will be made by the UAE government. It will be done after a thorough vetting process. This includes checks on money laundering activities, and verification on criminal background as well as screening of social media activity of the applicants.</p><h2>Benefits of UAE golden visa</h2><p>Once approved, the UAE Golden Visa holders can bring their families to the UAE and employ staff in the country. They can engage in business or professional activities uninterrupted. The Golden Visa is permanent, unlike earlier property-based visas, said the report.</p><p>&nbsp;</p><h2>Another proof of strong India-UAE relations</h2><p>UAE, particularly Dubai and Abu Dhabi, is one of the favourite destinations of Indian professionals and businesspeople besides blue-colalr workers. The Golden Visa scheme is yet another example of the strong ties of India and UAE. The two countries reached a Comprehensive Economic Partnership Agreement (CEPA) in 2022. The UAE plans to expand the Golden Visa programme to other CEA parners like China in future, according to the report.</p><p>&nbsp;</p>

 Indians had to invest in either property or business in order to be eligible for permanent residency in the UAE. Now, they can pay a one-time fee be eligible for permanent residency in Golden Visa route.



UAE Golden Visa: Indians in most Gulf Arab nations are unable to stay there permanently because of various regulations, but this could be changing for the United Arab Emirates, if a report in Indian media proves to be true. The United Arab Emirates, one of the main destinations of Indian expatriates, has introduced a new nomination-based Golden Visa that will offer lifetime permanent residency, according to a report in the Times of India newspaper. No need for property of business investment In UAE, Indians had to invest in either property or business in order to be eligible for permanent residency. The stipulated value of these investments was AED 2 million, or around 4.66 crore rupees. As per the ToI report, now Indians can pay a one-time fee of AED 1,00,000, or around 2.3 million rupees, and be eligible for permanent residency. What is the new golden visa scheme for UAE permanent residency? The Golden Visa of UAE is based on nominations, and is subject to fulfilling certain requirements. The main criteria for nomination for permanent residency under the new system include the individual's professional background, contributions to society, or potential impact in UAE's culture, trade, science, startups, or finance, said the report. https://www.wionews.com/videos/trump-teases-5-million-gold-card-route-to-us-citizenship-should-indian-be-worried-8759550/embed The UAE Golden Visa scheme is in pilot stage for India The UAE Golden Visa scheme has been launched in India on a pilot basis, according to the report, citing Rayad Group, which was selected to manage the process in the country. Rayad Group is working with VFS and One Vasco centres for the programme. More than 5,000 Indians are expected to apply in three months, the report said citing Rayad Group. The pilot phase has also started in Bangladesh. How to apply for UAE Golden Visa Scheme? Applications can be uploaded through the online portal and call centre being managed by Rayad Group and VFS. "This is a golden opportunity for Indians," the report quoted Rayad Kamal Ayub, Managing Director of Rayad Group, as saying. What is the vetting process of UAE Golden Visa Scheme? The final decision on the Golden Visa nominations will be made by the UAE government. It will be done after a thorough vetting process. This includes checks on money laundering activities, and verification on criminal background as well as screening of social media activity of the applicants. Benefits of UAE golden visa Once approved, the UAE Golden Visa holders can bring their families to the UAE and employ staff in the country. They can engage in business or professional activities uninterrupted. The Golden Visa is permanent, unlike earlier property-based visas, said the report. Another proof of strong India-UAE relations UAE, particularly Dubai and Abu Dhabi, is one of the favourite destinations of Indian professionals and businesspeople besides blue-colalr workers. The Golden Visa scheme is yet another example of the strong ties of India and UAE. The two countries reached a Comprehensive Economic Partnership Agreement (CEPA) in 2022. The UAE plans to expand the Golden Visa programme to other CEA parners like China in future, according to the report.

<p>&nbsp;Indians had to invest in either property or business in order to be eligible for permanent residency in the UAE. Now, they can pay a one-time fee be eligible for permanent residency in Golden Visa route.</p><p>&nbsp;</p>

Permanent residency in UAE: In the new Golden Visa route, you don't need to invest in property, can take family, says report

<p>Business conditions in the United Arab Emirates faced fresh pressure in June as the Israel–Iran conflict rattled regional demand, denting sales and testing Dubai’s reputation as the Gulf’s commercial safe-haven. According to S&amp;P Global data cited by Bloomberg, the UAE’s non-oil private sector showed only modest growth last month, with companies reporting a slowdown in orders amid heightened geopolitical tensions.</p><h2><strong>UAE PMI points to slowdown</strong></h2><p>The UAE’s headline Purchasing Managers’ Index (PMI), a key measure of private-sector health outside the oil industry, inched up to 53.5 in June from 53.3 in May, S&amp;P Global said. While still in expansion territory (above 50), the muted increase reflected caution among households and businesses.</p><p>&nbsp;</p><p>“The UAE non-oil sector showed signs of a minor setback in June due to the conflict between Israel and Iran,” said David Owen, senior economist at S&amp;P Global Market Intelligence, as quoted by Bloomberg. “The impact was primarily felt on the demand side, as some businesses reported a slowdown in orders driven by heightened tensions.”</p><h2><strong>Dubai’s economy feels the strain</strong></h2><p>The data showed a sharper impact in Dubai, the UAE’s commercial and financial hub, often seen as the Middle East’s safe port in a storm. Dubai’s non-oil PMI dropped to 51.8 in June from 52.9 in May, marking the lowest reading in nearly four years, S&amp;P Global reported. The decline was driven by what the firm described as “a marked slowdown in sales growth,” underscoring the vulnerability of the emirate’s economy to regional uncertainty.</p><p>Several companies cited in the S&amp;P Global survey pointed to increased competition and weaker tourism linked to the heightened tensions, both of which weighed on new business.</p><h2><strong>A test for the UAE’s “open for business” strategy</strong></h2><p>As Bloomberg notes, the Israel–Iran conflict has posed a sharp test for the UAE’s long-standing strategy of maintaining political stability and an open, business-friendly environment in an often turbulent region.</p><p>While the UAE has largely stayed insulated from direct military fallout, the conflict has fuelled worries over shipping risks, insurance costs, regional tourism flows and investor sentiment. Dubai’s model as a neutral, globally connected hub relies on steady demand and confidence from tourists, investors and multinational firms.&nbsp;</p><p>&nbsp;</p><p>The PMI data suggests that even without direct attacks, the conflict’s ripple effects can slow spending and investment.</p><h2><strong>Outlook remains cautiously positive</strong></h2><p>Despite the setback, economists see potential for recovery if regional tensions subside. “With consumer price pressures appearing limited, the latest data suggests that a rebound in sales growth is wholly possible in the coming months should regional tensions ease,” Owen told Bloomberg.</p><p>&nbsp;</p><p>The UAE has weathered previous regional crises, relying on its diversified economy, modern infrastructure and pro-business policies to maintain investor confidence. Analysts say these fundamentals remain intact, giving the country scope for a rebound later this year.</p><h2><strong>Balancing growth and stability</strong></h2><p>The latest PMI figures highlight the delicate balance the UAE must maintain as it promotes itself as a haven for global business while navigating a volatile neighbourhood. As S&amp;P Global’s report makes clear, even indirect consequences of geopolitical crises can undermine consumer demand and business confidence, underscoring the need for diplomacy and stability to sustain growth.</p><p>&nbsp;</p><p>While the Israel–Iran conflict continues to cast a shadow over Dubai’s economy, many observers remain confident in its resilience, provided the region can avoid a wider escalation in the months ahead.</p><p><br>&nbsp;</p>

UAE faces economic headwinds as regional conflict dampens business confidence, dragging Dubai non-oil PMI to its weakest level since 2020, S&P Global data shows.

Business conditions in the United Arab Emirates faced fresh pressure in June as the Israel–Iran conflict rattled regional demand, denting sales and testing Dubai’s reputation as the Gulf’s commercial safe-haven. According to S&P Global data cited by Bloomberg, the UAE’s non-oil private sector showed only modest growth last month, with companies reporting a slowdown in orders amid heightened geopolitical tensions. UAE PMI points to slowdown The UAE’s headline Purchasing Managers’ Index (PMI), a key measure of private-sector health outside the oil industry, inched up to 53.5 in June from 53.3 in May, S&P Global said. While still in expansion territory (above 50), the muted increase reflected caution among households and businesses. “The UAE non-oil sector showed signs of a minor setback in June due to the conflict between Israel and Iran,” said David Owen, senior economist at S&P Global Market Intelligence, as quoted by Bloomberg. “The impact was primarily felt on the demand side, as some businesses reported a slowdown in orders driven by heightened tensions.” Dubai’s economy feels the strain The data showed a sharper impact in Dubai, the UAE’s commercial and financial hub, often seen as the Middle East’s safe port in a storm. Dubai’s non-oil PMI dropped to 51.8 in June from 52.9 in May, marking the lowest reading in nearly four years, S&P Global reported. The decline was driven by what the firm described as “a marked slowdown in sales growth,” underscoring the vulnerability of the emirate’s economy to regional uncertainty. Several companies cited in the S&P Global survey pointed to increased competition and weaker tourism linked to the heightened tensions, both of which weighed on new business. A test for the UAE’s “open for business” strategy As Bloomberg notes, the Israel–Iran conflict has posed a sharp test for the UAE’s long-standing strategy of maintaining political stability and an open, business-friendly environment in an often turbulent region. While the UAE has largely stayed insulated from direct military fallout, the conflict has fuelled worries over shipping risks, insurance costs, regional tourism flows and investor sentiment. Dubai’s model as a neutral, globally connected hub relies on steady demand and confidence from tourists, investors and multinational firms. The PMI data suggests that even without direct attacks, the conflict’s ripple effects can slow spending and investment. Outlook remains cautiously positive Despite the setback, economists see potential for recovery if regional tensions subside. “With consumer price pressures appearing limited, the latest data suggests that a rebound in sales growth is wholly possible in the coming months should regional tensions ease,” Owen told Bloomberg. The UAE has weathered previous regional crises, relying on its diversified economy, modern infrastructure and pro-business policies to maintain investor confidence. Analysts say these fundamentals remain intact, giving the country scope for a rebound later this year. Balancing growth and stability The latest PMI figures highlight the delicate balance the UAE must maintain as it promotes itself as a haven for global business while navigating a volatile neighbourhood. As S&P Global’s report makes clear, even indirect consequences of geopolitical crises can undermine consumer demand and business confidence, underscoring the need for diplomacy and stability to sustain growth. While the Israel–Iran conflict continues to cast a shadow over Dubai’s economy, many observers remain confident in its resilience, provided the region can avoid a wider escalation in the months ahead.

<p>UAE’s non-oil sector growth slowed in June as Israel–Iran tensions hurt demand, with Dubai’s PMI hitting a near four-year low.</p>

Israel–Iran war threatens UAE business outlook before Q3 rebound

Foreign direct investment in Dubai fell by 74% in the first half of the year compared with the same period of 2019, as the coronavirus pandemic stalled parts of the global economy.

Foreign investment in Dubai plummets in first half 2020

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Dubai's Emirates embraces crypto payements for 'younger, tech-savvy customers'

UAE Golden VIsa: No need to invest in property, can take family, says report

Israel–Iran war threatens UAE business outlook before Q3 rebound

Foreign investment in Dubai plummets in first half 2020