UAE Relaxes Foreign Investment & Visa Residency Rules

In a bid to encourage investment in the gulf countries; the United Arab Emirates has brought about huge changes on residency for expatriates and ownership of companies by foreign nationals to encourage investment. These changes were announced earlier this week by UAE’s Prime Minister and Dubai ruler Sheikh Mohammed.

The Russian embargo could be a good chance for Cyprus to find new importers. Cyprus Agriculture Minister Nicos Kouyialis suggested that some products affected by the Russian embargo on the EU would be sold to other markets. One of the potential markets is the United Arab Emirates. Traders from the United…