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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Community leaders come together to celebrate 28 years of Thumbay Group’s legacy in UAE
Sharjah: Members of the Karnataka community in the UAE gathered at Thumbay Villa in Sharjah on 6 December 2025 to mark the 28th anniversary of the Thumbay Group. The event brought together business leaders, community representatives and dignitaries to reflect on the Group’s growth and its contributions to education, healthcare and research in the region.
The programme opened with a visual presentation outlining the Group’s development under the leadership of Dr. Thumbay Moideen. In his welcome address, Dr. Moideen spoke about the organisation’s expansion over the past two decades and expressed gratitude to the UAE leadership and the Karnataka diaspora for their support.
Karnataka Legislative Assembly Speaker U. T. Khader addressed the gathering, commending the entrepreneurial achievements of the Indian community in the Gulf. India’s Consul General to the UAE, Satish Kumar Sivan, highlighted the Thumbay Group’s role in strengthening ties between India and the UAE, noting its contributions to medical education and healthcare delivery.
Community leaders including Dr. Kaup Muhammad, Praveen Shetty, Mohammad Ali Uchil, Shashidhar Nagarajappa and Hidayath Addoor shared their observations on the Group’s journey and on the importance of collective progress within the diaspora.
A key part of the event was the presentation of Lifetime Achievement Awards to two industry and community leaders: Mohammed Meeran, Chairman of EMCO International and Electric Way, Dubai, and Dr. B. K. Yusuf, President of the Bearys Cultural Forum. Both were recognised for their long-standing contributions to business and community service in the UAE.
The event concluded with a vote of thanks, group photographs and a networking dinner. According to organisers, the gathering reflected the continuing engagement of the Karnataka community in the Gulf and acknowledged the Thumbay Group’s 28-year presence in the UAE.
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