Friday, March 29, 2024
ADVT 
International

Kerala businessman Yusuf Ali gets first Gold residence card in UAE

Darpan News Desk IANS, 03 Jun, 2019 10:50 PM

    The Federal Authority for Identity and Citizenship UAE, on Monday announced it had issued its first gold residence card-permanent residency (PR) to diaspora businessman M.A. Yusuf Ali, Chairman of Lulu Group.

    Ali, who hails from Thrissur in Kerala, was handed the gold card in Abu Dhabi by Brigadier Saeed Salem Al Shamsi, executive director of the General Directorate of Residency and Foreign Affairs, as he became the first of 6,800 investors to receive the PR.

    The first beneficiaries are investors with total investments exceeding Dh100 billion.

    Unlike the long-term visa of five to ten years for businessmen and talented individuals, the Gold Card gives PR to the holder.

    Ali, who has been based in the UAE for more than 45 years, is considered as one of the biggest business leaders in the Middle East region with his retail and hospitality empire spread across the world, with more than 170 hypermarkets and shopping malls.

    Lulu employs more than 50,000 people comprising 42 nationalities.

     

    MORE International ARTICLES

    Over 600 killed in Tripoli warfare, says UN

    Over 600 killed in Tripoli warfare, says UN
    "The toll of the Tripoli crisis is now 607 dead, including 40 civilians, and 3261 wounded, including 117 civilians," the UN's World Health Organization in Libya tweeted.

    Over 600 killed in Tripoli warfare, says UN

    7 Indian-origin kids are US Spelling Bee co-champions

    Seven Indian-origin kids, along with an American, have been declared co-champions of the US National Spelling Bee

    7 Indian-origin kids are US Spelling Bee co-champions

    Indians Defend Pakistan Skipper Sarfaraz Ahmed After He Was Trolled For Traditional Outfit At Event

    Sarfaraz wore a white salwar kameez with the official blazer in Pakistan colours while the other nine captain stuck to suits. 

    Indians Defend Pakistan Skipper Sarfaraz Ahmed After He Was Trolled For Traditional Outfit At Event

    7 Indian-Origin Kids Are US Spelling Bee Co-Champions

    The unprecedented decision to declare eight co-champions was taken Thursday night after the organisers ran out of their selection of difficult words to challenge them further.    

    7 Indian-Origin Kids Are US Spelling Bee Co-Champions

    Vijender Is Scared Of Me, Says British Boxer Amir Khan

    Vijender Singh is “scared” of me, bragged celebrated boxer Amir Khan, who is set to take on India’s Neeraj Goyat in a WBC Pearl World championship bout in Jeddah on July 12.    

    Vijender Is Scared Of Me, Says British Boxer Amir Khan

    US Welcomes PM Modi's Post-Election Statement On Inclusiveness

    US Welcomes PM Modi's Post-Election Statement On Inclusiveness
    Lok Sabha Elections 2019: The BJP's overwhelming victory was historic, the official said, adding that it was the first back-to-back majority wins since 1971.  

    US Welcomes PM Modi's Post-Election Statement On Inclusiveness

    PrevNext