Dubai: Abu Dhabi-based Indian retail tycoon M A Yusuff Ali has become the first expat to get the UAE's first gold card permanent residency.

Unlike the long-term visa of 5-10 years for businessmen and talented individuals, the gold card gives permanent residency of the UAE to the holder.

The LuLu Group chairman, who was ranked the richest expat in UAE by the Forbes magazine, becomes the first of 6,800 investors with total investment exceeding USD 27 billion to receive the gold card under a scheme announced last month by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, the Khaleej Times reported.

The new initiative -- which aims at generating foreign investment and attracting top engineers, scientists and star students -- has identified 6,800 qualified expats from over 70 countries in the first phase.

Commenting on the honour, the Keralite billionaire said, "(It is) A very proud and emotional moment in my life...I am sure this new Gold Card permanent residency scheme aimed at key investors, who have played a defining role in the nation building process, will further boost UAE's image as one of key investment and business global hubs as well as attract and retain new investors here.

Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.



Mangaluru: In a reported incident of scuffle between two parties on Sunday late night, Karnataka Youth Congress General Secretary Suhail Kandak has reportedly sustained severe injuries in the incident.

Sources also added that the scuffle also turned into a shootout, however there was no immediate confirmation about the report.

Suhail has reportedly sustained head injuries and was rushed to a local hospital in Thokkuttu immediately after the incident before being shifted to a private hospital in Mangaluru.

One more sustained injuries have also been taken to a private hospital in Deralakatte.

According to the reports, the scuffle broke out between the two groups when they were reportedly having discussions on a matter. Suhail was said to be attacked with bats, sticks and other light weapons.

Mangaluru DCP (Crime) Lakshmiganesh, DCP (Law and Order) Arunangshu Giri, ACP Kondandaram and other police officials reached the spot immediately after the incident and are monitoring the situation.