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UAE passport ranked most powerful in the world

Agencies
December 2, 2018

Dubai, Dec 2: In a new historic achievement, the UAE passport has become the strongest passport and now ranked first globally.

The exceptional achievement on December 1, 2018, coincides with the 'Year of Zayed' and country's 47th National Day, and is added to country's numerous accomplishments in various domains.

The UAE, under the leadership of The President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has surpassed all expectations after accomplishing this achievement

This success was achieved by the Ministry of Foreign Affairs and International Cooperation under the leadership of Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation.

In his remarks on the occasion, Sheikh Abdullah said, "This achievement is a true reflection of the legacy of Sheikh Zayed, the Founding Father of the UAE. It also underscores what can be achieved through positive diplomacy, reflecting the UAE as a confident and engaged force at the global stage."

The UAE passport was ranked first by Passport Index, an interactive online tool that provides users with insights on passports with the ability to compare and rank the world's passports. The ranking is based on freedom of movement and visa-free travel to passport holders.

The UAE passport holder can travel to 167 countries without the need for pre-visa requirements, which is 84 per cent of the number of countries listed in the index.

The UAE passport was on 27th position in December 2016, and now has attained first place globally in December 2018.

This achievement mirrors the county's civilised face, respect and appreciation at the regional and international levels. It is supported by a wise policy and leadership that has been working hard to build the country's bright image abroad to make it a hub for wisdom, moderation, coexistence and peace.

The Ministry of Foreign Affairs and International Cooperation launched the UAE Passport Force initiative to place the Emirati passport on the list of the five most powerful passports in the world by 2021, however, the country has achieved this goal three years before the dateline.

The strength of the passport does not only represent the identity of the citizen but also an important factor affecting its access to global opportunities, ease of movement and quality of life.

The Passport Index issued by the Arton Capital, ranks countries' passports based on the number of countries a passport holder can enter without obtaining a visa or obtaining it at the time of entry. The Index is a global benchmark for classifying international passports and reflects the world's view on the power and impact of passport.

Armand Arton, Founder and President of Arton Capital, said that Passport Index is the most prominent rating of passport strength through an interactive platform that continuously monitors changes and developments, adding that it has become the world's premier reference for governments.

"We continuously compare the passports of 193 countries and 6 regions of the UN members and work to collect data directly and continuously, all through publicly available information, government sources and international bodies. We determine the strength of the passport based on the ability of the citizens of a country to travel to another country without the need for a visa in advance and obtaining visa access from the airport," said Arton.

He added, that the Emirati passport has witnessed unprecedented progress globally in the past few years, reflecting the international stature of the country. "We congratulate the UAE on this great achievement, and are pleased to work with the Ministry of Foreign Affairs and International Cooperation since the launch of the UAE Passport Force initiative," he went on to say.

Through this achievement, the freedom of movement to many countries of the world is added to the list of priorities that the UAE offers to its citizens.

The positive impacts for ease of travelling are not only making it possible for UAE nationals to travel freely for tourism, but also have economic, developmental and even humanitarian benefits by facilitating trade and economic investment for individuals and institutions.

In line with a comprehensive vision of the development of the country and society, the UAE has a future agenda that embraces innovation, empowering the community and encouraging international cooperation and participation. These principles have been an integral part of the UAE since its establishment in 1971.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
July 2,2020

Jul 2: Democratic presidential candidate and former US vice-president Joe Biden has said that if he wins the November elections, strengthening the relationship with India which is America’s "natural partner", will be a high priority for his administration.

"India needs to be a partner in the region for our safety's sake and quite frankly for theirs," he said in response to a question on India-US relationship during a virtual fundraiser event on Wednesday.

At the fundraiser hosted by Chairman and CEO of Beacon Capital Partners Alan Leventhal, the former vice president said that India and the United States were natural partners.

"That partnership, a strategic partnership, is necessary and important in our security," Biden said when asked by an attendee whether India is critical to the US' national security.

Referring to his eight years as the vice president, he said, "In our administration, I was proud to play a role more than a decade ago in securing Congressional approval for the US-India Civil Nuclear Agreement, which is a big deal".

"Helping open the door to great progress in our relationship and strengthening our strategic partnership with India was a high priority in the Obama-Biden administration and will be a high priority if I'm elected president,” Biden said.

Both as the vice president and a senator from Delaware, he was a big supporter of India-US relationship.

About the November polls, Biden said that the character of the country is on the ballot. The upcoming election is the most important poll of a lifetime and that the country is currently engaged in a battle for its soul, he claimed.

Biden also slammed President Donald Trump and his administration over the handling of the coronavirus pandemic.

"Trump ignored warnings from the very beginning, refused to prepare and failed to protect the country. Not just now but throughout his presidency, undermining the very core pillars of ours, what I would argue, moral and economic strength.

"I really do believe that our country is crying out for leadership and maybe even more important, some healing. Today, we have an enormous opportunity not only to rebuild but to build back better than before. To build a better future. That's what America does," he added.

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Agencies
July 31,2020

Makkah, Jul 31: Organising this year's scaled-down hajj required "double efforts" by Saudi authorities amid the coronavirus pandemic, King Salman said Friday after being discharged from hospital following gall bladder surgery.

Only up to 10,000 people already residing in the kingdom are participating in this year's pilgrimage, compared with 2019's gathering of some 2.5 million from around the world.

"Holding the ritual in the shadow of this pandemic... required reducing the numbers of pilgrims, but it obliged various official agencies to put in double efforts," 84-year-old King Salman said in a speech read out on state television by acting media minister Majid Al-Qasabi.

"The hajj this year was restricted to a very limited number of people from multiple nationalities, ensuring the ritual was completed despite the difficult circumstances," he said.

The speech came on the occasion of Eid al-Adha, the Muslim festival of sacrifice, a day after the king left hospital following a 10-day stay for surgery to remove his gall bladder.

The hajj, which began on Wednesday, is one of the five pillars of Islam and a must for able-bodied Muslims at least once in their lifetime.

Authorities implemented the "highest health precautions" during the rituals, the king said.

Pilgrims, who were all tested for the virus, are required to wear masks and observe social distancing.

For Friday's "stoning of the devil", the last major ritual of the hajj, Saudi authorities offered the pilgrims pebbles that were sanitised to protect against the pandemic.

In a sign that its strict measures were working, the health ministry reported no coronavirus cases in the holy sites on Wednesday or Thursday.

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