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UAE Passport Ranks Among World’s Top 10 for the First Time

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The UAE passport has moved into the top 10 of the Henley Passport Index for the first time. The country is ranked ninth with visa-free access to 185 countries, marking an increase of 152 countries since the index began in 2006.

“[This] is the result of deliberate and concerted efforts by the Emirati government to position the UAE as a global hub for business, tourism, and investment,” says Juerg Steffen, chief executive of Henley & Partners, the London global citizenship and residence advisory firm, which compiles the index. “Our research has consistently shown a strong correlation between a country’s visa-free score and its economic prosperity. Nations with higher visa-free scores tend to enjoy greater GDP per capita, increased foreign direct investment and more robust international trade relationships.”

Meanwhile, Singapore reclaimed the top spot with access to 195 destinations, the only country to do so. It is followed by France, Germany, Italy, Japan and Spain, which all tie for second with 192 countries. Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea and Sweden are in third with 191 destinations.

The UK hangs onto fourth place, along with Belgium, Denmark, New Zealand, Norway and Switzerland with access to 190 countries. Australia and Portugal round out the fifth spot with 189 destinations.

Meanwhile, the US continues its descent, dropping to eighth with 186 destinations. The UK and US jointly held the top spot on the index a decade ago in 2014. Afghanistan remains at the bottom with access to only 26 countries – the lowest score recorded in the history of the Index.

“The general trend over the past two decades has been towards greater travel freedom, with the global average number of destinations travellers are able to access visa-free nearly doubling from 58 in 2006 to 111 in 2024,” says Christian H Kaelin, chairman of Henley & Partners. “However, the global mobility gap between those at the top and bottom of the index is now wider than it has ever been, with top-ranked Singapore able to access a record-breaking 169 more destinations visa-free than Afghanistan.”

The Most Powerful Passports For 2024

1-Singapore (195 destinations)

2-France, Germany, Italy, Japan, Spain (192)

3-Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, Sweden (191)

4-Belgium, Denmark, New Zealand, Norway, Switzerland, United Kingdom (190)

5-Australia, Portugal (189)

6-Greece, Poland (188)

7-Canada, Czechia, Hungary, Malta (187)

8-United States (186)

9-Estonia, Lithuania, United Arab Emirates (185)

10-Iceland, Latvia, Slovakia, Slovenia (184)

For the past 19 years, the Henley Passport Index has been tracking global freedoms in 227 countries and territories around the world, using data from the International Air Transport Association (known as Iata).

Alongside the passport data, the company released the results of several other studies, such as the world’s ‘most open’ countries and rise of global millionaires.

The World’s ‘Most Open’ Countries

Additionally, the Henley Openness Index ranks 199 countries according to the number of nationalities they allow entry to without a prior visa. The top 20 “most open” countries are all small island nations or African states, except for Cambodia. There are 13 completely open countries in the world that offer visa-free or visa-on-arrival entry to all 198 passports in the world (not counting their own): Burundi, Cape Verde Islands, Comoro Islands, Djibouti, Guinea-Bissau, Kenya, Maldives, Micronesia, Mozambique, Rwanda, Samoa, Timor-Leste and Tuvalu.

At the bottom of the index, three countries score zero, permitting no visa-free access for any passport: Afghanistan, North Korea and Turkmenistan.

Sharjah and Dubai’s Rise of The Millionaire

The company also released several other studies, including the 20 fastest-growing cities in the world for millionaires. Sharjah recorded a growth rate of 95 per cent, coming ninth on the list, while Dubai is 18th. They are the only cities in the Middle East to make it. The study says Sharjah has 4,100 millionaires and 11 people with a net worth of more than $100 million. While Dubai has 72,500 millionaires, 212 people with more than $100 million and 15 billionaires.

The research by global data intelligence firm New World Wealth ranks Shenzhen and Hangzhou in China first and second, with growth rates of 140 per cent and 125 per cent, respectively.

Bengaluru, which recorded a 110 per cent growth in millionaires between 2013 and 2023, is third; Austin and Guangzhou are joint fourth with a 110 per cent increase.

According to the data, the region with the most billionaires is, unsurprisingly, the Bay Area with 68, which is home to the US’s tech epicentre Silicon Valley.

With 20 years of experience across print, TV, and digital journalism, Sudhashree is a seasoned media professional with a keen eye for news. A true news bug, she thrives on curating stories that capture the pulse of fashion, film, and all things trending. Deeply immersed in the fast-evolving media landscape, she swears by the power of social media to shape narratives and spark conversations.

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What Abu Dhabi’s new real estate rules mean for buyers, developers and investors

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Abu Dhabi has introduced a new set of regulations through the Department of Municipalities and Transport (DMT) to strengthen oversight of the property market and protect investor interests. Here’s a simple breakdown of what’s changing and why it matters.

What are these new decisions about?

The rules are part of updates to the emirate’s real estate law and aim to:

  • Improve transparency
  • Protect buyers’ money
  • Reduce disputes
  • Create a more investor-friendly market

They are being implemented with oversight from the Abu Dhabi Real Estate Centre.

Stricter rules for escrow accounts

Developers often use escrow accounts to fund construction.

What’s new?

  • Withdrawals before 20% project completion are now tightly regulated
  • Developers must provide bank guarantees and approved cost plans

Why it matters:
This ensures buyers’ money is not misused and projects stay financially secure.

Clearer rules for jointly owned properties

This applies to buildings, communities, and shared facilities.

What’s new?

  • Defined roles for owners, developers, and property managers
  • Standardised management of common areas

Why it matters:
Better maintenance, fewer disputes, and clearer accountability.

Owners’ committees get a unified framework

Owners’ committees help manage residential communities.

What’s new?

  • Standard bylaws across Abu Dhabi
  • Clear rules on how committees are formed and operate

Why it matters:
More organised community management and stronger owner participation.

Compensation and refunds made clearer

Covers situations where:

  • Buyers default on payments
  • Projects are cancelled and units resold

What’s new?

  • Defined compensation percentages for developers
  • Clear timelines and procedures for buyer refunds

Why it matters:
Creates a fair balance between developers and buyers while speeding up dispute resolution.

These changes aim to:

  • Boost investor confidence
  • Strengthen market transparency
  • Align Abu Dhabi with global real estate standards

In short, the new framework is designed to make the property market safer, clearer, and more efficient for everyone involved, from first-time buyers to large-scale investors.

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How UAE’s new banking plan will support businesses and individuals

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The Central Bank of the UAE has rolled out a new financial support package designed to keep banks strong and ensure they continue supporting and safeguarding the broader economy amid global and regional uncertainty.

The package was endorsed during a high-level board meeting chaired by Sheikh Mansour bin Zayed Al Nahyan, underscoring the UAE leadership’s proactive approach to maintaining economic stability.

Built around five key pillars, the initiative is designed to provide banks with greater liquidity, enhanced flexibility, and temporary regulatory relief, ensuring they can continue to support businesses and individuals during uncertain times.

Under the new measures, banks will gain expanded access to liquidity, including the ability to utilise reserve balances and secure term funding in both dirhams and US dollars. This step is expected to keep credit flowing across key sectors of the economy.

The Central Bank has also introduced temporary easing of liquidity and funding requirements, giving financial institutions more room to continue lending. Capital buffer requirements will be relaxed as well, allowing banks to deploy excess capital to support economic activity.

Additionally, new provisions will offer greater flexibility in managing credit risk, including delaying the classification of certain loans affected by current market conditions—providing relief to borrowers facing temporary challenges.

Authorities emphasised that banks are expected to maintain lending and continue supporting customers as part of the UAE’s broader economic response strategy.

Despite global pressures, the UAE’s financial system has shown strong resilience. During its meeting, the Board confirmed that current market conditions have had no significant impact on the health of the banking sector or the efficiency of payment systems.

The Central Bank also highlighted the country’s robust financial position, with foreign exchange reserves exceeding AED 1 trillion and a strong monetary base. The UAE’s banking sector, valued at over AED 5.4 trillion, continues to demonstrate solid fundamentals.

With liquidity levels remaining high and reserves strong, the CBUAE reaffirmed its readiness to take further action if needed to protect financial stability and sustain economic growth.

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UAE announces early spring break for all educational institutions

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The Ministry of Education, along with the Ministry of Higher Education and Scientific Research, on Wednesday, March 4, announced that the commencement of spring break for all academic institutions has been pushed forward to March 9, with the last working day to be March 6. Normal classes are scheduled to resume from March 30. 

The academic calendar placed the spring break dates originally from March 16 and ending on March 29 which has now moved from March 9 to March 22. The change comes in light of the ongoing regional conflict, with the safety of students and staff at schools and universities as the highest priority. 

Classes had transitioned to online learning at the beginning of this week as a precautionary measure for all students and staff, which was further extended up to the end of this week. Exams for students have also been shifted to a remote format, allowing them to complete their assessments safely from home. 

Students, parents, and staff are advised to stay updated via official channels only, as the measures aim to protect the safety of all in the education sector.

(By Shura Kola)

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