UAE rolls out plan to invest in economy, liberalise laws
Dubai, Sep 5: The United Arab Emirates announced Sunday a major plan to stimulate its economy and liberalise stringent residency laws for expatriates, as the country seeks to overhaul its finances and attract foreign residents and capital.
The country's plan to lure foreign talent reflects a growing contrast with the other oil-rich economies of the Persian Gulf that are becoming increasingly protectionist.
Although many of the Emirati ministers' promised overhauls remained vague at a press conference, their intentions to boost spending after the devastation of the pandemic and loosen laws to draw more residents was clear.
Abdulla bin Touq, the minister of the economy, pledged that the Emirati government would pour some USD 13.6 billion into the economy over the next year. He laid out a raft of investment opportunities for countries to boost development by 10 per cent in the coming years.
We are confident that these projects in the support of investment will make (the UAE) one of the most competent economies in the world, he proclaimed at the government's first large in-person press conference since the pandemic.
The UAE for years since its independence has tied employment to residency status, giving employers outsized power and forcing people to immediately leave the country once they lost their jobs.
The new plans give residents more time to seek other jobs after termination, allow youth over age 15 to gain employment as they live with their parents, and enable widows and divorced couples to live longer without visa restrictions in the country.
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Mangaluru: Teacher booked for allegedly beating student in school
Vittla (Dakshina Kannada): A case has been registered at the Vittla Police Station against a school teacher on charges of seriously assaulting a student with a cane at an English-medium school in Idkidu village here near Vittla in Dakshina Kannada district.
According to the complaint, the student, who attends the school regularly, had gone to school as usual. Around 2 pm, the child’s parents received a call from the school office stating that their child had allegedly disturbed other students. The school informed them that when the teacher scolded the student over the issue, the child became frightened and urinated, and the parents were asked to come and take the child home.
The parents reportedly told the school staff that no one was at home at the time and requested that the child be sent home in an autorickshaw.
After returning home, the student told the parents that a teacher identified as Istikaar had beaten him severely on the hand with a cane. The child also said that he urinated out of fear while the assault was taking place.
When the parents contacted the teacher over the phone to question him about the incident, he allegedly responded in a dismissive manner.
Following this, the parents lodged complaints with the Vittla Police Station and the Child Development Project Office, seeking justice and strict action against the teacher for allegedly assaulting the child without any valid reason.
Police have registered a case against the teacher and have taken up further investigation.
