Egypt kicks off trial operation of monorail and stations on the third line of the metro
Egyptian Prime Minister Mostafa Madbouly on Sunday opened the fifth session of the International Exhibition and Conference for Smart Transport, Infrastructure and Logistics for the Middle East and Africa, TransMEA 2023.
The activities of the fifth session will be held from November 5-8 under the slogan "Nationalization of the transportation industry in Egypt."
The exhibition features wide global participation from major international specialized companies, with 350 companies from about 50 countries participating this year.
The conference is also attended by a large number of Arab and African transport ministers, ambassadors from various countries, as well as 33 heads of major international companies specialized in the field of transportation.
Madbouly witnessed the trial operation of the East Nile Monorail (Nasr City/New Administrative Capital) at the Field Marshal Tantawi Station, where the length of the East Nile Monorail line is 56 km, the number of 22 stations.
The East Nile Monorail connects Nasr City to the Administrative Capital and exchanges service with the third line of the metro at the Stadium Station on Youssef Abbas Street, reaching Al-Khalifa Al-Dhafer Street and the Seventh District, passing through Zakir Hussein Street, reaching Al-Wafa and Al-Amal.
It then heads to the Field Marshal Tantawi Axis and the southern 90th Street, arriving at Beit Al-Watan, then passing through neighborhoods of the New Administrative Capital.
Madbouly also inaugurated the trial operation of the final phase of the third line from Imbaba / Rawd Al-Farag / Cairo University, with a length of 13.7 km and a number of 11 stations.
This phase serves areas with high population density in the areas of Sudan Street, Imbaba, Al-Buha, Arab Nationalism, and League of Arab States Street, all the way to Cairo University.
https://www.egyptindependent.com/photos-egypt-kicks-off-trial-operation-of-monorail-and-stations-on-the-third-line-of-the-metro/
Unlocking economic potential: Transforming Egypt's ports into global hubs
Egypt has a number of key ports at the Mediterranean Sea, including Alexandria, Damietta, and Port Said
Egypt is working on developing its seaports, which in turn helps boost its economic growth. This comes due to Egypt's geographical location, which has shorelines on both the Red and Mediterranean Seas. Accordingly, the country is developing its ports, establishing free zones, and creating added value to lure investments and activate the flow of importation and exportation.
Egyptian Ports Development
Egypt has a number of key ports at the Mediterranean Sea, including Alexandria, Damietta, and Port Said. It also has significant Red Sea ports, such as Ain al-Sokhna, Suez, and Nuweiba, in addition to specialized tourist and petroleum ports. This makes up 90% of Egypt's trade volume with the world, which passes through seaports, according to a report issued by the Egyptian Center for Strategic Studies (ECSS) in June 2023.
Moreover, the Egyptian Ministry of Transport has adopted short-term and medium-term plans until 2024 and 2030, respectively. The plans aim to employ all the capabilities available as well as the comparative advantages of the ports in the Red and Mediterranean Seas and in the Suez Canal.
The plans aim at boosting the efficiency of Egyptian ports by enhancing infrastructure and developing industrial cities near these ports. Additionally, Egypt intends to increase the ports' capacity by improving the efficiency of existing storage yards, berths, navigational channels dredging, and gates, according to Rabab Sobhy's report entitled 'Transforming Egypt into Global Trade Hub', issued by the Cabinet's Information and Decision Support Center (IDSC).
As a result, the country has been attracting investments for port development projects. Mohamed Hafez, Geoeconomist and Special Economic Zones (SEZs) Advisor, tells Arab Finance: "The significant infrastructure investments carried out by the Egyptian government and its development partners, coupled with efficient customs and trade facilitation reforms, have opened the gate for foreign investors to capitalize on that success. Most recently, Chinese companies and Abu Dhabi Ports are the latest partners investing and cooperating in Egypt's ports upgrade and management."
The Egyptian government can further attract investments by offering a number of incentives. "Fiscal incentives, a robust governance framework, and facilitation are the major pillars foreign investors are looking for," Hafez points out, adding that "Egypt has recently started to focus on fostering well-structured public-private partnerships while retaining oversight and control. This model enhances port standards and attracts quality investment."
Strategic Positioning and Economic Returns
Egypt seeks to transform into a global center for trade and logistics within the framework of the directives of President Abdel Fattah El-Sisi, while inspecting the Port of Alexandria and laying the foundation stone for the Tahya Misr multi-purpose station on docks 55 and 62.
Hafez states that "establishing and developing various types of ports is a key strategic move by Egypt to leverage its advantageous location and position itself as a global maritime hub connecting the East with the West."
Meanwhile, Egypt has been working on providing logistics services as it adds and develops fuel-supply tankers, which helps achieve the country's goal of becoming a regional energy hub. Moreover, in July 2023, the Economic Committee of the House of Representatives approved the project submitted by the Cabinet to grant commitment, design, construct, manage, operate, maintain, and re-deliver a multi-purpose terminal in the East Port Said Port of the Suez Canal Economic Zone.
The terminal will be implemented on a 900-meter-long pier and a 380,000-square-meter goods handling yard, with $65 million in investments. The project will offer about 550 direct job opportunities.
Egypt is developing its ports and their application through different steps, including improving the work environment, developing customs systems, forming strategic partnerships with major industrial and commercial countries, and reforming the legislative environment and regulating laws to ensure ease, fluidity, and freedom of movement of goods, according to the State Information Service Website.
Establishing New Free Zones
When it comes to Egyptian ports, the economic value does not only exist in the ports but also in the nearby free zones. Industrial zones, free zones, and special economic zones are all under the umbrella of free zones. "SEZs could offer a successful way to drive sustainable development in the country, provided that economic zone is appropriately established and customized to fit Egypt's needs," according to the AUC Knowledge Fountain's thesis published in 2020, entitled 'The use of special economic zones to drive sustainable development in Egypt: A case study on the Suez Canal region'.
Egypt has established several economic zones near coastlines and ports, such as the Port Said free economic zone, the Alexandria free trade zone, the Damietta free trade zone, and the Seuz Canal Economic Zone (SCZONE).
According to Hafez, "12% of global trade passes through the Suez Canal, and 60% of exports from China, the world's factory, to Europe also pass through it."
"Therefore, the SCZONE is designed to capitalize on this strategic global trade advantage of the canal and diversify economic clusters and activities beyond shipping; the incorporation of manufacturing, logistics, and technology into the economic landscape of the zone serves to broaden its industrial scope, reducing susceptibility to economic fluctuations within the canal corridor," he explains.
Egypt is further developing the port and industrial city of Jarjoub. The port is set to be a gateway to northwest Egypt for foreign trade and modern industries by creating a sustainable urban community that adopts sustainable development and clean energy and creates job opportunities for local and targeted residents, Prime Minister Mostafa Madbouly said in November. The Jarjoub Industrial City includes the industrial zone, logistics and business center, in addition to urban development areas, as well as tourist development areas.
The development and modernization of Egyptian ports have the potential to transform the country into a logistical and commercial hub in the Middle East and Africa. It will also help attract more investments and create added value, which will boost economic growth and international trade. These developments, along with establishing free zones, can boost the economic returns of the Egyptian ports and their surrounding areas.
https://www.zawya.com/en/world/middle-east/unlocking-economic-potential-transforming-egypts-ports-into-global-hubs-cja544du
Saudi Arabia's ministries of investment and foreign affairs have launched the second phase of issuing electronic business visit visas, according to the state-run news agency, Saudi Press Agency.
The second phase of "visiting investor"e-visas will cover the rest of the countries of the world as part of the kingdom's broader strategy to boost foreign direct investment.
Saudi Arabia said the service is part of Vision 2030, the country's economic transformation strategy that is aimed at attracting investors from all over the world, advancing the investment environment, facilitating the launching of businesses, and drawing substantial investments.
Mohammed Abahussain, the Undersecretary for the Ministry of Investment for Integrated Investor Services said the "visiting investor" e-visa is expected to attract foreign investors to apply for an electronic visa through the platform affiliated with the Ministry of Investment "Invest Saudi".
"The process will take place without any need to consult with the kingdom's representative offices abroad to obtain biometrics," Abahussain said, adding that the visa is valid for one year and allows multiple entries.
The Ministries of Investment and Foreign Affairs have expanded the category of people who could benefit from the instant e-visa to include countries listed in the Ministry of Investment's "Invest Saudi" platform.
The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country and who accessed at least once the countries where the visa is valid.
Individuals who have permanent residency in the US, the UK or any EU countries as well as those who have valid residency for at least three months in any GCC country can also benefit from the e-visa offering.
Saudi Arabia revamps visa system
Meanwhile, Saudi Arabia's Ministry of Tourism expanded access to its electronic tourist visa to nationals from six new countries in October, taking the total to 63.
The kingdom said it will grant an e-visa to visitors from Turkey, Thailand, Panama, Saint Kitts and Nevis, Seychelles and Mauritius.
Other travellers eligible to apply for this type of visa include residents in the US, the UK, and the EU countries as well as holders of visit visas to the US, UK, the Schengen area and residents in the GCC.
The visit visa allows the holder to tour Saudi Arabia and perform Umrah. The expansion of the visit visa system is part of Saudi efforts to consolidate the kingdom's openness and support its development and economic diversity.
Over the years, Saudi Arabia has unveiled a set of measures to attract foreign investors, talent, visitors and holidaymakers.
https://gulfbusiness.com/saudi-arabia-expands-investor-visit-visa-offering/
Business visa fee exemption for investors holding diplomatic passports
After the launch of the second phase of business visa issuance, the MISA has started taking measures to reveal the exceptional investment opportunities offered by Saudi Arabia in 15 diverse and promising economic sectors
IYADH - Saudi Arabia has decided to exempt investors holding diplomatic or special passports from the payment of business visit visa fee, Asharq Al-Awsat newspaper reported quoting well-informed sources. There is a condition for this that such investors do not have official status as diplomats. The government also emphasized that the new visa service should not be misused for purposes other than commercial.
The Ministry of Foreign Affairs (MOFA), in collaboration with the Ministry of Investment (MISA), launched on Monday the second phase of issuing electronic business visit visas titled "Visiting Investor." The second phase of the business visit visa will cover the rest of the countries of the world, not included in the earlier list.
After the launch of the second phase of business visa issuance, the MISA has started taking measures to reveal the exceptional investment opportunities offered by the Kingdom in 15 diverse and promising economic sectors.
According to the ministry sources, the passport must be valid for a period of no less than six months, taking into account the bilateral agreements concluded between the Kingdom and other countries regarding the validity of the passport, visa fees and duration, in addition to taking medical insurance approved in the Kingdom.
It is also required that the investor shall adhere to the main purpose for which he applied and the regulations and instructions that are in force in the Kingdom. They should neither engage in paid or unpaid work, nor to perform the Hajj pilgrimage except after obtaining a Hajj visa.
The government stressed that investors who have obtained a visa should not perform Umrah during the Hajj season, and also to adhere to the permitted period of stay stated in the visa issued to them.
The "Visiting Investor" visa enables businessmen to visit the Kingdom and explore the diverse and promising sectors, learn about its natural resources, and its geographical and cultural location between the three continents of the world.
The new visa service aims to provide the opportunity for investors and employees of foreign establishments to apply for an electronic visit visa, through the platform affiliated with the Ministry of Investment, "Invest in Saudi Arabia", through which the application is processed and the visa is issued digitally from the unified national platform for visas affiliated with the Ministry of Foreign Affairs. The visa can be used for a period of up to one year and with multiple entry, and beneficiaries can obtain the visa immediately, for the purpose of visiting the Kingdom and reviewing investment opportunities.
This step aims to facilitate investor's journey to learn about investment opportunities in Saudi Arabia, and also aims to achieve the goals of Saudi Vision 2030 for Saudi Arabia to be a leading investment force with attractive competitiveness. This visa aims to facilitate foreign investors' exploration of the Kingdom's flourishing investment landscape, offering businessmen an opportunity to gain deeper insights into the investment environment in the country.
Last June, the Ministry of Foreign Affairs, in cooperation with the Ministry of Investment, announced the launch of the first phase of the business visit visa for investors who are citizens of a number of countries in Europe, Asia, North America and Oceania.
https://www.zawya.com/en/legal/regulations/saudi-business-visa-fee-exemption-for-investors-holding-diplomatic-passports-fh0zrwsk
Visit visas can be extended one week before expiry
RIYADH - The General Directorate of Passports (Jawazat) called on holders of various types of visit visas, who are staying in the Kingdom, to strictly comply with the visa rules and regulations and extend its validity electronically seven days before its expiry. It clarified that there is no need to visit the Jawazat offices for the renewal purpose.
The directorate said that the single entry visit visa can be extended seven days before its expiry via the Ministry of Interior's electronic services platform Absher. The renewal can be made through Absher Afrad (individuals) and Absher Aamal (business) as well as through the Muqeem electronic portal.
The beneficiary shall enter his account on Absher and make the payment of the service fee for the visit visa extension. For the extension, the visitor is required to have valid medical insurance. The visa extension procedures shall be completed in accordance with the prescribed terms and conditions. The total extension period of the visit visa must not exceed 180 days.
The directorate said that if the beneficiaries face any difficulties in taking advantage of this service electronically, they can submit a request to the Jawazat through its communication service on the Absher platform. The specialized team at the directorate will examine the case and will notify the status of the request through a text message, the directorate said in a statement
https://saudigazette.com.sa/article/636986/SAUDI-ARABIA/Visit-visas-can-be-extended-one-week-before-expiry-
Saudis Allowed To Enter Kyrgyzstan Without Visa
The Ministry of Foreign Affairs of Kyrgyzstan announced a number of amendments to its Visit Visa Regime, which allows citizens of a number of countries to enter the Kyrgyz Republic without a visa for a period not exceeding 60 days. The beneficiaries of the new visa-free regime, which came into force on Oct.21, include citizens of Saudi Arabia.
It was stated in the new visa regulation that foreign visitors must leave the country upon the expiry of the permitted period of 60 days and they will be allowed to re-enter the country only after a maximum period of 60 days. The new regulation will operate on a 60/120 principle, meaning a 60-day stay with a possible re-entry 60 days after the exit.
If the visitor fails to leave the Kyrgyz territory after the end of the permitted 60-day period of stay, he will be considered as an illegal resident, and a fine will be slapped on him upon leaving the country. The fine can be paid at one of the police stations and submit the payment receipt to the consular department of the Kyrgyz Ministry of Foreign Affairs at the airport to get an exit stamp for the departure.
The ministry stated that anyone who wishes to extend his stay in Kyrgyzstan must apply for the appropriate tourism or residence or work visa before the end of the short period of stay, which does not exceed 60 days, so that he can stay in the Kyrgyz Republic for a longer period.
https://www.gulf-insider.com/saudis-allowed-to-enter-kyrgyzstan-without-visa/
GCC unified tourist visa to be introduced soon: UAE minister confirms date
The new visa will open doors to travellers, granting them access to six countries under a single, unified tourist visa, and foster economic synergy across the GCC
Abdullah bin Touq Al Marri, UAE's Minister of Economy, has announced that the Gulf Cooperation Council (GCC) countries will roll out a unified Gulf tourist visa, which will allow visa holders to travel across the six Gulf countries.
Al Marri said the seventh meeting of GCC tourism ministers in Oman has unanimously endorsed its rollout to be presented at the upcoming GCC summit.
New GCC unified visa to be a reality soon
In a statement to the state run news agency WAM, the minister said that specific regulations and legislation for the visa will be developed, with a targeted rollout between 2024 and 2025, subject to the readiness of each GCC country's internal systems.
Al Marri noted that this new visa will open doors to travellers, granting them access to six countries under a single, unified tourist visa, ultimately fostering economic synergy across the GCC region.
He said the UAE is getting ready to welcome the new flow of international tourists with the introduction of the unified visa.
The Emirates Tourism Council has formulated a tourist route within the UAE that interconnects its seven emirates, the minister said. This strategic move positions the UAE to be well-prepared and equipped for the integration with the GCC, upon fully activating the unified tourist visa, thereby introducing a new tourism product to captivate international tourists in the Arabian Gulf region.
"This initiative is an integral part of the GCC 2030 tourism strategy, designed to elevate the tourism sector's contribution to the GDP through increased inter-GCC travel and elevated hotel occupancy rates, transforming the GCC into a pre-eminent global destination for both regional and international tourists," Al Marri added.
The tourism sector's current contribution to the UAE's GDP stands at 14 per cent, with targets to raise this figure to 18 per cent to fulfill the nation's strategic tourism objectives.
UAE's tourism infrastructure to support legislation
Al Marri also emphasised that GCC countries possess sophisticated and qualified travel and tourism infrastructure.
As of 2022, the GCC boasted a total of 10,649 hotel establishments, marking a 1.2 percent growth compared to 2016.
The UAE alone boasts 1,114 hotel establishments, ranking second in the GCC after Saudi Arabia. The total number of hotel rooms in the GCC reached 674,832, with a 0.4 percent growth.
He further stated that the GCC joint tourism strategy "2023-2030" targets an annual increase of 7 per cent in inbound trips to GCC countries.
The number of visitors to GCC countries reached 39.8 million last years, showing a 136.6 percent growth compared to 2021, with a target of reaching 128.7 million visitors by 2030.
GCC countries aim to increase the spending of inbound tourists by 8.0 percent annually. It is expected to reach $96.9bn by the end of 2023, with a 12.8 percent growth compared to 2022, and reach $188bn by 2030.
He clarified that GCC countries aim to increase the direct GDP contribution of the travel and tourism sector by 7 per cent annually.
The total value added to the GDP of GCC countries' travel and tourism sector is expected to reach $185.9bn in 2023, with an 8.5 percent growth compared to 2022, when it achieved $171.4bn.
https://gulfbusiness.com/gcc-unified-tourist-visa-to-be-introduced-2024-25/
UAE residence visa: Where to go for medical fitness test; how much it costs; all you need to know
In a move to make things easier for residents, the UAE government has streamlined its services through the Emirates Health Services platform
Ever started your visa process and then felt like you're suddenly at a dead end?
Visa renewal can seem like a nerve-racking task for many, especially when it comes to finding fitness testing centres closest to you in your emirate.
In a move to make things easier for residents, the UAE government has streamlined its services through the Emirates Health Services platform.
From testing centres in all seven emirates to how much it's going to cost you, here is your guide to getting a medical fitness check-up while renewing your visa or getting a new one.
How much does it cost?
The service fees has been divided into three categories for old, as well as new residents in the country.
Category A includes employees, companies and workers. The service charge is Dh260.
Category B includes men working in hair and beauty salons, health clubs, and health facilities. The fees for those falling under this category is Dh250.
Category C includes nannies, domestic servants, nursery and kindergarten supervisors, hair and beauty salons employees and those working in health clubs and health facilities. The service charge for these employees is Dh360.
Where to get tested?
From Dubai to Umm Al Quwain, residents in all seven emirates can avail services provided in testing centres nearest to them.
Dubai:
Ibn Battuta Medical Examination Center for Residency
Dragon Mart Medical Examination Center for Residency
Salah Al Din Medical Examination Center for Residency
Tecom Medical Examination Center for Residency
Al Nahda Medical Examination Center for Residency
Al Khabaisi Medical Examination Center for Residency
Al Baraha Smart Medical Examination Center for Residency
Sharjah:
Muweilah Smart Medical Examination Center for Residency
Al Taj Smart Medical Examination Centre
Zulekha Medical Examination Center for Residency
Waqa Medical Examination Center
Alshrooq Medical Examination Center
Sahara Medical Examination Center
Al Khibrah Medical Center
Al Ibdaa Center - Medical Examination For Residency Screening
Ajman:
Al Nuaimiya Medical Examination Centre
Ras Al Khaimah:
RAKEZ Medical Examination Center for Residency
Dahan Medical Examination Center for Residency
Umm Al Quwain:
Almadar Medical Examination Center for Residency
Fujairah:
Al Amal Medical Examination Center
Medical Examination Center for Residency Mena Tower
How long is the process?
The test is for a duration of 30 minutes and it usually takes 1-2 days for residents to get their report and results.
https://www.khaleejtimes.com/uae/uae-residence-visa-where-to-go-for-medical-fitness-test-how-much-it-costs-all-you-need-to-know
Costs, how to apply: All you need to know about UAE family group visit visa
Tourists can apply for the family group visit visa through travel agencies for either 30 days or 60 days which can be extended within the country
UAE - If your loved ones are planning a trip to the UAE, here's a reminder: tourists can apply for a family group visit visa, in which children receive a visa free-of-cost.
The family group visit visa allows children under the age of 18 to receive a visa free-of-cost, while the parents to pay for their own fee.
"The application for this visa should be submitted along with either father's or mother's application," said Subair Thekepurathvalappil, senior manager for inbound and outbound operations at Regal Tours Worldwide.
Industry experts said that the family group visit visa is highly in demand and many visitors are opting for this entry permit. "A family group visit visa is more convenient and cost-effective for families, given that there is no visa fee for children under the age of 18," said Subair adding that it is not restricted to any number of children.
"The visa can be applied for one parent and both of them visiting the UAE is not necessary," added Subair.
As it's the festive season, we are issuing many family group visit visas every day as Indians want to celebrate Diwali in Dubai, said Firoz Maliyakkal, founder and CEO of Tahira Tours and Travels
Tourists can apply for the family group visit visa through travel agencies for either 30 days or 60 days which can be extended within the country.
Experts say that this visa was introduced two years ago and people from all over the world who are aware of it prefer this service.
HOW TO APPLY
To apply for this visa, visitors should collectively submit passport copy and photos to the agency.
"We will process the entry permit as a family visa, where the children can travel without visa charges. However travel agent service charges and insurance must be paid children," said Firoz.
"This visa will be issued in a day or two," Firoz added.
COST
The visa fee for parents within the group application, along with the service charge for children, may vary on the travel agency.
However, the cost for 30 days visa for a parent ranges from Dh350 to Dh500 on average and the service charge and insurance for a child lies between Dh80 and Dh120.
"For 60 days visa for single person, the fees is Dh500 to Dh650 on an average and the service charge including insurance may vary from Dh130 to Dh170," said Firoz.
DOCUMENTS
- Passport copy
- Passport-sized photograph
EXTENSION
Experts said that the family visa can be extended without exiting the country, "however, a full visa fee has to be paid for children. The extension within the country is not free for children," said Subair.
"Visitors can extend the family visa up to 120 days without exiting the country," said Subair.
https://www.zawya.com/en/legal/regulations/costs-how-to-apply-all-you-need-to-know-about-uae-family-group-visit-visa-uwq3fb5x
UAE Ministry of Finance issues Cabinet Decision on tax payment rules
The UAE has announced new rules on payment of tax in the country.
Official announcements clarify the amount of tax payable on intellectual property, as well as a tax exemption on income earned trading selected items on registered stock exchanges.
The UAE Ministry of Finance has issued Cabinet Decision No. 100 of 2023 on Determining Qualifying Income, as well as Ministerial Decision No.265 of 2023 on Qualifying Activities and Excluded Activities.
UAE tax rules
Under the revised Cabinet Decision, the scope of Qualifying Income is extended to include the amount of Qualifying Income derived from the ownership or exploitation of Qualifying Intellectual Property calculated based on the methodology of the OECD's modified nexus approach, which is prescribed in Ministerial Decision No.265 of 2023.
Ministerial Decision 265 of 2023 on Qualifying Activities and Excluded Activities also lists the trading of Qualifying Commodities as a Qualifying Activity, which allows for the free zone 0% corporate tax rate to apply to income earned from the physical trading of metals, minerals, energy, and agricultural commodities that are traded on a recognised stock exchange, as well as the associated derivative trading income used to hedge against, the risk of such trading activities.
Additionally, the Ministerial Decision clarifies the intended scope of Qualifying Activities and Excluded Activities thereby providing clarity and certainty to free zone businesses.
Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, said: "Free zones are central to the UAE's economic growth, attracting foreign direct investment as well as fostering a favourable business environment.
"These new decisions reflect the continued significant role of free zones in the UAE's economic diversification strategies and commitment to aligning with international taxation standards.
"The certainty of a competitive Corporate Tax regime and offering a special regime for free zones cements the UAE's position as a leading global hub for business and investment and drives its sustainable development agenda."
https://www.arabianbusiness.com/politics-economics/uae-announces-new-tax-rules-3
Aldar launches beachfront living on RAK's Al Marjan Island
Leading UAE developer Aldar today (November 21) unveiled Nikki Beach Residences, a new beachfront development on Al Marjan Island, featuring a range of leisure amenities that will revamp beach living in the emirate.
The Phase One of the project, set for launch on December 5, will include 357 spacious one- to five-bedroom apartments with large balconies offering panoramic ocean views and mesmerizing sunrises.
Serviced apartments are available in both furnished and unfurnished options. The average price for a one-bedroom apartment is AED 2.3 million.
On the new launch, Chief Commercial Officer Rashed Al Omaira said the Nikki Beach Residences will bring an unparalleled residential experience to Ras Al Khaimah.
"The emirate's emergence as a key tourism and investment destination in the UAE has encouraged us to bring a product to the market that caters to the short term stay and second home markets, while also offering permanent residents a daily lifestyle of nature, leisure, and wellness with the added bonus of spectacular ocean views," he noted.
Nikki Beach Global CEO Lucia Penrod said: "The Nikki Beach Residences in Ras Al Khaimah will offer the opportunity to secure your own piece of Nikki Beach in this vibrant region. We look forward to working with Aldar on this property development as we bring our signature Celebration of Life to this new destination, offering both our existing clientele and new audiences an exciting Nikki Beach experience unlike ever before."
https://www.tradearabia.com/news/CONS_415996.html
WOW Resorts, Marriott to launch luxury project in RAK
US-based WOW Resorts and Marriott International have collaborated to launch a luxury resort and residential development on Al Marjan Island, one of the region's most preferred tourism and investment destinations in Ras Al Khaimah.
The project will be developed under the luxury brand, JW Marriott.
JW Marriott Al Marjan Island Resort & JW Marriott Residences Al Marjan Island is scheduled for a grand opening in late 2026 and marks the debut of WOW Resorts, who is bringing their 25 years of legacy in real estate to the top tourist and lifestyle destination of Ras Al Khaimah in the UAE.
WOW Resorts is reputed for developing real estate projects of fine quality and craftsmanship in North America. The upcoming project is anticipated to feature the JW Marriott brand's exceptional hospitality, thoughtful design and enriching experiences.
WOW Resorts and Marriott International inked their collaboration on Al Marjan Island in the presence of Abdulla Al Abdouli, Chief Executive Officer, Marjan; Anwar Ali Aman and Bhupender 'Bruce' Patel, co-founders of WOW Resorts; and senior representatives of Marriott International.
Located on Marjan's flagship island development, set against the picturesque backdrop of stunning turquoise waters, JW Marriott Al Marjan Island Resort & JW Marriott Residences Al Marjan Island will be designed as an exquisite haven for both travellers and those seeking the pinnacle of indulgent resort living. This extraordinary project will cater to aspiring homeowners, the discerning global traveller, nature enthusiasts, and aquatic sports aficionados.
The residential development and luxury resort will offer uninterrupted vistas of the vast sea and will comprise of an exclusive portfolio of 524 residences, featuring a selection of 1, 2, 3, and 4-bedroom residences and luxurious penthouses, alongside 300 luxury guest rooms. The ultra-premium development will also feature a curated selection of seven distinctive dining venues, an indulgent spa, refreshing pools, and a state-of-the-art fitness centre. These aspects, among others, will render this development an irresistible proposition for discerning investors and travellers across the globe.
Al Abdouli said: "We are delighted to welcome WOW Resorts and the JW Marriott brand to our flagship development, in line with our commitment to creating unparalleled living experiences for residents and guests on Al Marjan Island. JW Marriott Al Marjan Island Resort & JW Marriott Residences Al Marjan Island are a luxurious offering that will boost investment opportunities for both homeowners and tourists keen on enjoying the perks of waterfront living in prime leisure hubs. Al Marjan Island offers a perfect blend of modernity and nature and with excellent returns on investment, it further reinforces Ras Al Khaimah's appeal as an investment and lifestyle destination."
Aman expressed his gratitude for the prestigious partnership and said: "It is a privilege to work with Marriott International and Al Marjan Island to unveil our flagship project in one of the UAE's most eagerly anticipated developments. We are humbled by the opportunity to further enrich our portfolio in the luxury sector, and we extend our heartfelt gratitude to the government and leadership for their efforts in enhancing investments in the tourism, hospitality, and residential segments within the region."
Patel stated: "Our collaboration with Marriott International and our venture on Al Marjan Island represents a new chapter in our journey. With the demand for waterfront living on the rise, we are committed to optimising and elevating the experiences of all our cherished guests and residents as we embark on this remarkable project in the UAE, set on the enchanting Al Marjan Island, a prime investment destination in the region."
https://www.tradearabia.com/news/TTN_415743.html
Sharjah To Change Rules for Single People Living in Residential Areas
Sharjah will tighten rules on single people living in residential neighbourhoods, following a government review.
The emirate's Executive Council met on Tuesday to discuss a number of topics related to the conduct of government work in the emirate, the development of services, and the follow-up of development projects in different sectors.
The Council reviewed a report on singles' housing in residential neighbourhoods in cities and regions in the emirate, which included the current status of the legislative structure regulating housing in neighbourhoods, singles' housing social, economic and security impacts.
The Council said it would tighten regulations on single people living in residential neighbourhoods while working to prepare modern legislation that keeps pace with changes in different types of housing.
At the same meeting, the Council reviewed a report by Sharjah Commerce and Tourism Development Authority on the increasing demand for natural areas in the emirate's cities and regions for tourism and recreational purposes.
The Council appreciated the efforts of government agencies in promoting eco-tourism, calling on visitors to natural areas to preserve the environment and its natural resources, thus contributing to their sustainability for future generations.
https://www.gulf-insider.com/sharjah-to-change-rules-for-single-people-living-in-residential-areas/
Oman suspends conversion of tourist entry permits to work visas
It also announced that it will no longer be issuing any type of permit for travellers from Bangladesh
The Royal Oman Police on Tuesday announced that the Gulf country would no longer convert visit visas to work visas.
Before the announcement, travellers could enter the country on a tourist or visit visa and then get it converted to a work visa.
The new decision is effective as of Tuesday, October 31.
The authority also announced that the issuance of new visas for Bangladeshis has been suspended.
UAE RESIDENTS
GCC residents from 100 countries do not need a visa to travel to Oman. The list was released by the Gulf country last year.
The rule applies provided the resident's visa in the GCC is valid for a period of no less than three months.
UNIFIED GCC VISA
A unified tourist visa for Gulf Cooperation Council countries has been approved and could be rolled out as early as next year, a UAE minister said last month.
This would mean that with a single visa, tourists can explore the six-member Gulf bloc - the UAE, Saudi Arabia, Bahrain, Qatar, Oman and Kuwait.
https://www.zawya.com/en/legal/regulations/oman-suspends-conversion-of-tourist-entry-permits-to-work-visas-golwjout
Morocco Extends Tax Exemption to Cover Essential Consumer Goods
The tax reform includes provisions that would incentivize businesses to boost green energy production.
Rabat - Under the new 2024 budget bill, the Moroccan government has proposed to generalize the exemption from the Value Added Tax (VAT) to cover a wide range of essential consumer goods.
The tax exemption would include all medicines and their sub-components, as well as single-use packaging.
In addition, it would extend to school supplies as well as products and materials used in their production.
The measure would also extend to some food products including butter derived from animal milk, canned sardines, and powdered milk.
Beyond consumer goods, the tax reforms include provisions that would incentivize businesses to boost green energy production, as VAT on the production of electricity from renewable sources is set to decrease from 14% to 12% starting January 1, 2024.
Insurance companies are also poised to benefit from a tax cut as the VAT rate on services provided to insurance companies by brokers or insurance agents would similarly fall from 14% to 12% starting January 1, 2024.
Meanwhile, tax reforms are set to scale VAT taxes on a number of consumer goods that the government had previously deemed hazardous to public health, including a one-point hike on refined sugar to 8% at the start of 2024.
Likewise, VAT on economical cars - vehicles designed for low-cost purchase and operation - is set to rise from 7% to 10% starting January 1.
VAT rates on passenger and freight transport operations are equally set to increase from 14% to 16% starting January 1.
Earlier today, reports indicated that despite the proposed draft, the government is heading toward reversing its decision to hike taxes on public transit and utility bills.
The current draft bill proposes a tax hike from 14% to 16% for electricity, and from 14% to 16% for electricity meter rentals. Taxes on passenger and freight transport operations were set to see an increase from 14% to 16%.
Following a meeting between the Minister of Economy and Finance Nadia Fettah, and the Minister Delegate in charge of the budget Fouzi Lekjaa, with the heads of majority parties in parliament, the government is revising the measure in an attempt to preserve the national purchasing power.
https://www.moroccoworldnews.com/2023/11/358879/morocco-extends-tax-exemption-to-cover-essential-consumer-goods
Kuwait: Family Visas on Hold for Expats, Except for Certain Professions
According to informed sources, the Ministry of Interior has not yet opened family visas for expatriates, with the exception of some categories such as doctors, as part of the ministry's plan to reduce the number of violators of the residency law, including those who entered the country under different visa categories and ended up not leaving when these visas expired.
They explained that the Ministry of Interior, based on instructions from the First Deputy Prime Minister and Minister of Interior Sheikh Talal Al-Khaled, is determined to end the problem of violators of the residency law through extensive security campaigns carried out by the ministry's sectors. This is because the Residency Affairs Investigation Sector has been arresting thousands of violators of labor law in all governorates since the beginning of this year. These measures have reduced the number of violators in the country. The sources reiterated that security campaigns are ongoing throughout the country in order to arrest violators of the residency and labour laws, adding that all sectors of the Ministry of Interior are working to control marginal workers and violators of the law.
https://www.gulf-insider.com/kuwait-family-visas-on-hold-for-expats-except-for-certain-professions/
Kuwait: Sahel App Introduces New Feature for Domestic Workers' Visa Transfer
The Ministry of Interior announced the launch of the residence transfer service "for domestic workers from one sponsor to another" through the unified government application (Sahel), in cooperation between the General Administration of Information Systems and the Nationality and Residence Affairs Sector in the Ministry, reports Al-Seyassah daily
The Ministry's General Department of Security Relations and Media said in a press statement that this service will initially be specific to domestic workers, Article (20) females, and then it will be completed in the next stage to transfer the residency of workers, Article (20) males.
The ministry added that the transaction begins with the worker's current sponsor through the (Sahel) application, and then the new sponsor completes the transfer procedures through a notification he receives through the application.
The ministry stressed the necessity of having a new employment contract between the domestic worker and the new sponsor upon transfer. The new sponsor is also required to be of Kuwaiti nationality, married, not less than 18 years old, and not have any obstacles between the sponsor and the worker to be transferred.
https://www.gulf-insider.com/kuwait-sahel-app-introduces-new-feature-for-domestic-workers-visa-transfer/
Other Countries:
India
Cyprus
soon
soon
soon
soon