INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE passport ranked most powerful in the world

The UAE passport has been ranked the most powerful in the world by the Nomad Capitalist Passport Index. 
  • With a score of 110.50, it jumped straight from 35th place last year to the top of the list
  • This is mainly due to the recent changes allowing foreigners to apply for dual citizenship

The UAE passport has been ranked the most powerful in the world by the Nomad Capitalist Passport Index. 

With a score of 110.50, it jumped straight from 35th place last year to the top of the list. 

This is mainly due to the recent changes allowing foreigners to apply for dual citizenship, as well as the country’s business-friendly environment and tax system. 

The index evaluates a passport’s strength based on five factors, including visa-free travel, international taxation laws, global perception, dual citizenship, and personal freedom. 

The UAE has a Travel score of 181. The UAE passport holders from the United Arab Emirates can travel to 116 countries without a visa and 58 countries that allow United Arab Emirates passport holders to enter by obtaining a visa on arrival.

Last year, the UAE passport was ranked as the world’s most powerful travel document.in the Passport Index issued by Montreal-based citizenship financial advisory firm Arton Capital.