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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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India’s BCKIC 2025 Conclave to unlock $10–50 billion green market access for UAE and GCC leaders

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The stage is set for one of the most significant India–Middle East business dialogues of the decade, as the Bhubaneswar City Knowledge Innovation Cluster (BCKIC) 2025 Conclave prepares to open in India this November, offering, according to organisers, a $10–50 billion sustainability and investment opportunity for Gulf-based leaders.

Scheduled for November 21 and 22 in Bhubaneswar, Odisha, the two-day conclave will bring together senior representatives from government entities, sovereign funds, and the private sector across the UAE, Saudi Arabia, and the wider GCC region. 

The event is organised by the BCKIC Foundation, supported by the Government of Odisha’s Department of Energy, under the aegis of the Office of the Principal Scientific Adviser to the Government of India.

Themed around The Next Wave of Sustainability Policy and Investment Flows”, the summit seeks to bridge India’s rapidly expanding green economy, valued at over $165 billion, with the Middle East’s capital, innovation and policy frameworks under Vision 2030 and UAE Centennial 2071.

“This is not just another global summit, it’s a strategic inflection point for India–Middle East collaboration,” said Dr Mrutyunjay Suar, Chairman of the BCKIC Foundation.

“From green hydrogen and water security to circular economy and AI-driven sustainability, the synergies between India’s innovation scale and the Gulf’s execution capacity are unparalleled. Missing this window could mean losing the first-mover advantage in shaping global sustainability frameworks.”

A New Era of India–Middle East Sustainability Partnership

The conclave comes at a pivotal moment for both regions. Following India’s G20 presidency in 2023 and the UAE’s hosting of COP28, both nations have emerged as global voices in sustainability transition and climate finance.

Dr. Suar noted that the conclave will act as a strategic platform for Gulf leaders to consolidate their role within the India–Middle East–Europe Economic Corridor (IMEC), while also gaining access to India’s technology, research, and policy innovation ecosystem.

“Gulf sovereign funds now control over $2 trillion in assets and are increasingly looking for sustainable, high-return projects,” he said. 

“India’s innovation and affordability, combined with the Middle East’s capital and implementation speed, make this partnership an unprecedented opportunity to move from commitment to concrete outcomes.”

Access to Proven Technologies and MoU-Ready Projects

Middle Eastern delegates will gain direct access to Indian policymakers and experts from NITI Aayog, DST, and the Principal Scientific Adviser’s Office, with discussions focused on green hydrogen, renewable energy, waste-to-energy, and climate-resilient infrastructure.

The event will also unveil a pipeline of over 50 proven Indian technologies relevant to Gulf market needs, ranging from water management systems to digital smart-city solutions, many of which have demonstrated cost efficiencies of 30–50% compared to Western alternatives.

The BCKIC Foundation confirmed that the conclave is structured to deliver tangible outcomes, with more than 20 Memorandums of Understanding (MoUs) already in advanced stages of preparation. The targeted projects are expected to offer internal rates of return (IRR) between 15% and 25%, appealing to investors seeking both profitability and environmental impact.

Odisha: A Live Model for Sustainable Urban Innovation

The conclave will take place in Bhubaneswar, the capital of Odisha, one of India’s fastest-growing hubs for renewable energy and smart cities. The venue itself will serve as a live showcase of sustainable urban development, featuring zero-waste hospitality, circular economy practices, and local sourcing models.

Organisers say the event is designed to foster lasting bilateral frameworks that will drive long-term cooperation between India and the Middle East across sustainability, technology transfer, and impact investment.

“This is the decade of decisive climate action and cross-regional collaboration,” Dr Suar added. 

“The BCKIC 2025 Conclave will not just discuss ideas but catalyse partnerships that define the global sustainability roadmap for years to come.”

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Abu Dhabi T10 levels up its game with BC.GAME Esports as principal partner

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The Abu Dhabi T10 League has announced BC.GAME Esports as its Principal Partner for the 2025 season. This landmark partnership connects the energy of T10 cricket with the fast-growing global esports ecosystem, driving brand visibility and fan engagement to new levels.

The alliance will deliver powerful exposure across broadcast, digital, and in-stadia platforms, while introducing esports-inspired activations to enhance the tournament experience for fans. The aim is to bring the worlds of live cricket and competitive gaming closer than ever before.

The Abu Dhabi T10 will run from November 18 to 30, 2025, at the Zayed Cricket Stadium, featuring top international players competing in action-packed 10-over matches. With BC.GAME Esports on board, the league will strengthen its appeal to younger, digital-first audiences across global markets.

“We’re excited to welcome BC.GAME Esports as our Principal Partner,” said a T10 League spokesperson. “Season 9 will be our biggest yet, with expanded global reach and enhanced fan experiences — and we are confident that BC.GAME Esports will return again next year.”

A BC.GAME Esports spokesperson added: “Partnering with Abu Dhabi T10 gives us the perfect platform to expand our community and create unique experiences that unite cricket fans and gamers worldwide.”

This partnership reflects Abu Dhabi T10’s commitment to innovation, youth engagement, and global growth, making 2025 one of its most exciting seasons yet.

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Your guide to the UAE’s new banking law, and how it changes your relationship with banks

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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Friday issued a sweeping new federal decree that fundamentally changes how banks and financial institutions operate in the UAE, with major implications for everyday customers.

Federal Decree Law No. (6) of 2025 strengthens the Central Bank’s oversight powers and introduces critical protections designed to safeguard consumers, expand financial access, and speed up complaint resolution.

Here’s what actually changes for you.

Your complaints get resolved faster

What’s new: All banking and insurance complaints now go through one unified system managed by Sanadak, an independent entity created specifically to handle customer disputes.

What this means for you:

  • No more confusion about where to file complaints
  • Faster resolution process with a single point of contact
  • Decisions are legally enforceable against banks and insurers

The game-changer: New specialised judicial committees will handle financial disputes, with final, binding decisions for amounts up to Dh100,000. Banks and insurance companies must comply, no appeals, no delays.

Bottom line: If you have a problem with your bank or insurer, getting it resolved just became significantly easier and faster.

Loans must match your actual income

What’s reinforced: Banks are now legally required to align credit facilities with your actual income, protecting you from taking on debt you can’t afford.

What this means for you:

  • Stricter affordability checks before loan approval
  • Protection from irresponsible lending practices
  • Banks can’t push you into loans beyond your repayment capacity

Why it matters: This prevents the debt spiral that happens when people are given credit they can’t realistically repay based on their salary.

Everyone gets access to banking services

What’s mandated: Licensed financial institutions must provide banking and financial services to all community members, not just high-income earners or certain demographics.

What this means for you:

  • No arbitrary account rejections based on income level
  • Access to digital banking innovations for everyone
  • Financial inclusion as a legal requirement, not a courtesy

The push: This aligns with the UAE’s digital transformation efforts, ensuring modern financial services reach all residents.

Your money is safer if a bank fails

What’s new: The Central Bank now has sweeping “early intervention” powers if a financial institution shows signs of trouble.

What this means for you:

  • Proactive measures kick in before a bank collapses
  • Your deposits and services are protected through managed interventions
  • The Central Bank can force mergers, change management, or orderly liquidation

How it works: If your bank is struggling, the Central Bank can:

  • Force it to implement recovery plans
  • Require additional capital reserves
  • Change management or business strategy
  • Arrange mergers or acquisitions
  • Conduct organised liquidation (protecting customer funds)

Bottom line: You’re less likely to wake up to frozen accounts or lost deposits because problems get addressed early.

Banks face massive fines for violations

What’s changed: Administrative fines have been dramatically increased, up to 10 times the value of the violation or unjust profit.

What this means for you:

  • Banks have a stronger incentive to follow rules
  • Real financial consequences for misconduct
  • More transparent market (violations published on the Central Bank website)

The enforcement: Fines are automatically debited from the violating institution’s accounts, no waiting for payment.

Better financial education is coming

What’s planned: National awareness campaigns about financial services, launched in collaboration between the Central Bank, the financial sector, and community organisations.

What this means for you:

  • Better understanding of banking products and rights
  • More informed financial decisions
  • Community-wide financial literacy improvements

What stays the same

The decree maintains the Central Bank’s core responsibilities:

  • Keeping the national currency stable
  • Managing foreign reserves
  • Overseeing the financial system
  • Setting monetary policy

But the enforcement mechanisms and customer protections are now significantly stronger.

When does this take effect?

The Federal Decree Law is now in effect, though implementation of specific mechanisms (like the Sanadak complaints system and specialised judicial committees) will roll out according to Central Bank timelines.

What you should do

Know your rights: You now have stronger protections – use them
Keep documentation: If disputes arise, you have clear resolution paths
Check loan terms: Banks must justify lending against your income
File complaints properly: Use the new unified Sanadak system
Stay informed: Watch for Central Bank announcements about implementation

The bottom line

This isn’t just regulatory reshuffling; it’s a fundamental strengthening of your rights as a banking customer in the UAE. Complaints get resolved faster, loans must be affordable, access is guaranteed, and your money is better protected if institutions fail.

The message is clear: customer protection just became law, not a courtesy.

Key Takeaways:

  • Unified complaints system (Sanadak) handles all banking/insurance disputes
  • Fast-track resolution for disputes up to Dh100,000
  • Mandatory income-based lending protects from over-borrowing
  • Universal financial access is required by law
  • Early intervention powers protect deposits before banks fail
  • 10x penalty multiplier for institutional violations

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