UAE widens 10-year 'golden' visa scheme: Here’s all you need to know

09:57 AM | 16 Nov, 2020
UAE widens 10-year 'golden' visa scheme: Here’s all you need to know

DUBAI – The United Arab Emirates on Sunday announced granting “golden” visas for a 10-year residency for those who meet the eligibility criteria.

The eligible includes PHD scholars, medical doctors, computer experts, electronics, programming, electrical and biotechnology engineers.

Professional in artificial intelligence, big data and epidemiology can also apply for the newly announced scheme.

Emirates ruler Sheikh Mohammed bin Rashed Al-Maktoum tweets the announcement, he writes the program was announced so that talent remains in the UAE and continues “with us in the process of development and achievements,”

High school students living in the United Arab Emirates who rank top in the country and university students with a GPA of 3.8 or higher can also apply for it. Families of top students will also be eligible to obtain the golden visa.

After first announcing a long-term visa plan in 2018, the UAE in 2019 started granting 5 and 10-year renewable visas to certain foreign investors, entrepreneurs, chief executives, scientists and outstanding students.

UAE being an oil and gas producer, the economy has been badly hit by the Covid-19 pandemic amid low oil prices, prompting many residents to leave.

Daily Pakistan Global Web Desk


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08


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