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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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DP World ILT20 Crowns ‘Habibi & Habibti’ as mascot winners

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The DP World International League T20 concluded its first-of-its-kind Mascot Design Competition this week. The competition was held from 4 July to 21 September. 

The competition captured the imagination of students across the UAE. With an overwhelming number of entries, the activation demonstrated the extraordinary creativity, enthusiasm, and energy that cricket inspires among young minds, making it a truly nationwide celebration of sport, culture, and community. 

The grand mascot unveiling was held at the Sheikh Rashid Auditorium, Indian High School, Oud Metha. The winning student, Levin Veeroy Fernandes, was officially announced, and his imaginative design (Habibi and Habibti) was transformed into the official mascot of the DP World ILT20, now set to become the face of the league for seasons to come. 

The event featured an exciting reveal ceremony, with the student’s design brought to life and presented in front of a vibrant audience, celebrating not only Levin’s creativity but also the remarkable participation of schools and students across the UAE. 

The DP World ILT20 extends its heartfelt thanks to all participants whose contributions made this initiative a resounding success. Each entry brought unique ideas and perspectives, reinforcing the league’s commitment to inspiring young minds and celebrating the spirit of cricket. 

DP World ILT20 CEO David White: “On behalf of team DP World International League T20, I want to thank all the participants for their efforts. For us, all of you are winners, we are delighted with the interest that the competition created across the UAE. 

“The DP World ILT20 is all about UAE and the development of the sport amongst present and future generations of cricketers. Sport and cricket in particular has helped bring together a number of communities and nationalities across the UAE. Cricket has a four-decade long legacy in the country and with the continued growth of the league, the future of cricket not only in the UAE but across the Gulf region is bright and exciting.”  

Indian High Schools Group CEO Shri Punit MK Vasu: “Our partnership with DP World ILT20 presents a remarkable platform for our learners to witness world-class cricket in Dubai while embracing the deeper lessons the sport imparts.  

“At The Indian High Group of Schools, we uphold the belief that cricket’s enduring spirit fosters respect, discipline, leadership, resilience, teamwork, and composure under pressure, values that cultivate not only accomplished athletes, but also well-rounded, future-ready individuals prepared to lead with integrity, ethics and purpose in a global arena.” 

The DP World International League T20 Season 4 will begin on Tuesday, 2 December – UAE National Day (Eid-Al-Etihad) with a blockbuster opening, the six-team, 34-match tournament will conclude with the final on Sunday, 4 January 2026. 

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Royal Champs announce star-studded squad for Abu Dhabi T10 debut

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The Abu Dhabi T10 is set to welcome an exciting new entrant this season, Royal Champs, a team built on talent, tenacity and international flair. Led by cricketing legends and rising stars, the Royal Champs promise to bring a bold new energy to the fastest format of cricket.

The squad boasts a powerhouse lineup that blends global experience with emerging brilliance.

From England’s dynamic opener Jason Roy to Sri Lanka’s stalwart Angelo Mathews, Bangladesh’s talismanic all-rounder Shakib Al Hasan, and Australia’s explosive Daniel Sams — the Royal Champs are primed to make an immediate impact.

The team’s complete roster includes: Jason Roy, Angelo Mathews, Shakib Al Hasan, Chris Jordan, Daniel Sams, Mohammad Shehzad, Niroshan Dickwella, Rishi Dhawan, Liam Dawson, Brandon McMullen, Isuru Udana, Quentin Sampson, Rahul Chopra, Haider Razzaq, Zahid Ali, Kelvin Pitman, Vishen Halambage, Ziaur Rahman Sharifi, and Aaron Jones.

At the helm is Head Coach Sir Courtney Walsh, one of the most respected figures in world cricket, who brings decades of international experience, leadership and an unwavering belief in the game’s evolving dynamics. Head Coach Sir Courtney Walsh share, “The Royal Champs are more than just a new team, we are a statement of intent. This squad has the right mix of skill, fearlessness and adaptability to thrive in the high-octane T10 format. Our goal is simple — to play bold, entertain fans and compete with heart and integrity”

“T10 is redefining modern cricket, and the Royal Champs are here to be part of that evolution. Every player in this line-up brings something unique, and I believe our balance of experience and flair will make us a formidable force.” Head Coach Courtney Walsh added

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UAE borrowing costs drop as Central Bank cuts base rate: What it means for businesses and residents

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Good news for UAE residents and businesses. The UAE Central Bank has just lowered its Base Rate by 25 basis points, from 4.15% to 3.90%, effective this Thursday. This move follows the US Federal Reserve’s recent decision to cut its interest rates, keeping things in sync because of the UAE’s currency peg to the US dollar.

What does this mean for you? Expect borrowing to get a bit cheaper. Whether you’re eyeing a new mortgage, a personal loan, or business credit, the rates should ease up. In simple terms, monthly payments could get friendlier, especially for those with variable-rate loans.

This comes after the US Fed trimmed its federal funds rate to a range of 3.75% to 4%, hoping to support the job market and tackle stubborn inflation. The ripple effects are clear, softening employment numbers, and ongoing economic headwinds are pushing for these cuts.

Which sectors will benefit

For the UAE, lower interest rates could give a boost to sectors like real estate, tourism, and small businesses by making funding easier. But keep in mind, analysts say the impact might be modest unless the Fed decides to cut rates more aggressively in the future.

Why is the Fed making these rate cuts? Their goal is a tricky balance: tame inflation while keeping employment strong. With big companies cutting jobs and inflation still slightly above target, the Fed is playing it safe, using these rate cuts as insurance against a potential economic slowdown.

Future interest rates

Looking ahead, another cut might come in December, possibly bringing rates closer to 3% in 2026, but things could shift depending on economic data and new Fed leadership.

Stay tuned for more updates and how these changes could affect your wallet!

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