UAE Cabinet's Eid bonanza for businesses | ZAWYA MENA Edition:
"The UAE Cabinet's new announcements on employment, tourist and transit visa rules will make movement of people easier, attract good talent and boost tourism numbers and revenues in the country. The UAE Cabinet's decision to scrap a mandatory bank guarantee for employment visas was hailed by businessmen and corporate leaders as a surprise Eid bonanza that will lead to a Dh14 billion liquidity infusion, providing a major stimuluss to a cash-strapped market. MA Yusuff Ali, chairman of Lulu Group International & director board member of Abu Dhabi Chamber, said the decision will surely further boost various industries, especially Small and Medium Enterprises (SMEs), in the country."
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