Dubai economy boost

More visas are being issued than cancelled and redundant workers will be helped to find jobs...

Look on the bright side, is the word from Dubai Government as the UAE prepares to weather the global economic downturn.

In an announcement yesterday, Major General Mohammad Ahmad Al Merri, Director-General of the Dubai Naturalisation and Residency Department (DNRD) told a gathering of foreign businessmen that the rumour that Dubai is collapsing is just that.

"Those who keep searching for the dark spots and walk in darkness will stumble and fall one day." said Al Merri. "What I can say at this moment is that the DNRD has cancelled the residency visas of about 44,000 people during February and issued more than 66,000 residency visas in the same month.

The same rate in the past months suggests that people coming to stay in Dubai outnumber those who are leaving the country by 50 per cent. He also said the government is reviewing its policy regarding the 30-day grace period granted for residents whose work contracts are terminated before they have to leave the country.

"The objective of the revision is to extend the 30-day period for people who have lost their jobs for reasons beyond their control in order to allow them extra time to look for work assignments with other companies, but no decision has been formed yet," Al Merri concluded.

Sponsored: Hendrick’s DXB Cucumber Day is fast approaching

This week’s episode of the Time Out Dubai podcast rolls up its sleeves

The al fresco theme park will be opening its gates with a new show

The critically acclaimed Shakespeare play will be performed in January

The beachside dining spot is celebrating international coffee day at its brand-new branch

Feeling the pinch? Fear not. We've got 16 weekend feasts for under Dhs300 for you

Newsletters

Follow us