Indian retail tycoon M.A. Yusuffali becomes UAE's first permanent expat resident
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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AIMIM wins Malegaon Central seat by 162 votes
Malegaon (Maharashtra), Nov 23: In a closely contested election, Mohammad Ismail Abdul Khalique of the All India Majlis-e-Ittehadul Muslimeen (AIMIM) has retained the Malegaon Central assembly seat, winning by a razor-thin margin of 162 votes.
This victory in the north Maharashtra constituency marks a significant turnaround for Khalique, who previously enjoyed a commanding lead in the 2019 elections, winning by over one lakh votes.
Khalique, an Islamic scholar, received a total of 1,09,653 votes this time, narrowly defeating his nearest rival, Asif Shaikh Rasheed of the Indian Secular Largest Assembly of Maharashtra party, who got 1,09,491 votes.
There were a total of 13 candidates contesting in this Muslim dominated constituency. Barring Khalique and Rasheed, two other candidates -- Shaan-e-Hind Nihal Ahmed of Samajwadi Party and Ejaz Baig Aziz Baig managed below 10,000 votes. Other remaining candidates were below 1,000 votes.
This election marks Khalique's third term as an MLA. He initially represented the Malegaon Central seat in 2009 as a member of the Jan Surajya Shakti party.
However, Khalique faced a setback in the 2014 elections when he contested under the banner of the Nationalist Congress Party and lost.
His return to the assembly in 2019 under the AIMIM banner solidified his political presence, and despite the significantly reduced margin this year, he has once again emerged victorious.
The results highlight the competitive nature of the Malegaon Central constituency and underscore Khalique's resilience in maintaining his position amidst changing political dynamics.
