UAE amnesty to end on Nov 30; no more extensions

Khaleej Times
November 29, 2018

Abu Dhabi, Nov 29: The Federal Authority for Identity and Citizenship (FAIC) on Thursday said the amnesty that had been granted to illegal residents is ending on November 30 and that there will be no more extensions for the initiative.

"The amnesty initiative ends on November 30. No more extensions for the scheme," an official from the FAIC told Khaleej Times.

Authorities said that they will step up campaigns to crackdown on those still living illegally in the country immediately after the end of the amnesty scheme.

The "Protect Yourself by Modifying Your Status" initiative that granted a three-month grace period for illegal residents to modify their status or leave the UAE without facing fines or legal issues started on August 1 until October 31, 2018. But the authority extended the amnesty scheme for a month until November 30 to avail more time to amnesty seekers who had not availed of the initiative.

The FAIC has warned that people that will be caught staying illegally in the country after the end of amnesty period, will face tough punishments including fines, jail sentences and deportation.

Officials said intensive campaigns will be conducted across the country to crackdown on the violators of residence laws after the end of the three-month amnesty initiative.

Ali Mohammed Al Shamsi, Chairman of the Board of Directors of Federal Authority for Identity and Citizenship had earlier thanked all teams at the amnesty registration centres across the UAE for the tireless efforts and good services they have rendered to residents seeking to rectify their status or those that wanted to get out passes since the amnesty initiative started.

"After the end of the amnesty period, intensive campaigns will be conducted across the country and those caught violating residence laws will face tough penalties," he said.

Officials said the amnesty centres have registered and issued exit passes to thousands of illegal residents wanting to exit country throughout the amnesty initiative.

Those seeking to rectify their status to remain across the country and look for jobs after being granted a six-month temporary residence visa, have also been dealt with by the Amer and Tasheel centres.

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Agencies
July 31,2020

Dubai, Jul 31: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia tweeted early on Friday sending congratulations to everyone on Eid Al Adha.

"I congratulate everyone on the blessed Eid Al Adha. May Allah [grant us another Eid where we will be in] good, blessings, health, and wellness," King Salman said.

"We also ask [God] to accept the pilgrimage of those who completed Haj, and [to accept] Muslims' prayers, and to remove the coronavirus pandemic in our countries," he added.

King Salman left King Faisal hospital in Riyadh after recovering on Thursday, the Saudi Press Agency (SPA) reported on Thursday.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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