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.

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Virat Kohli broke Sachin Tendulkar and Brian Lara's record to become the fastest to score 20,000 international runs, a target he reached when he scored 37 runs in the World Cup 2019 match against the West Indies on Thursday.The Indian skipper took only 417 innings to achieve the record -- 131 in Tests, 224 in ODIs and 62 in T20Is. Sachin Tendulkar and Brian Lara's previous best came off 453 innings each. Virat Kohli has now registered 11,124 runs in ODIs, and has 6,613 Test runs and 2,263 in T20Is.

Kohli, arguably the finest batsman in world cricket at the moment, started his World Cup 2019 scoring a mere 18 runs against South Africa in India's inaugural match. He however then lived up to his billing and scored 82 against holders Australia before hitting 77 against arch-rivals Pakistan. The 30-year-old also contributed with 67 runs in India's narrow victory over Afghanistan.

Virat Kohli has already become the fastest to score 11,000 One-day International (ODI) runs during World Cup 2019, breaking Tendulkar's record in the process.

Kohli achieved the feat in the match against Pakistan at Old Trafford in Manchester.

courtesy: ndtv.com