UAE Will Now Grant "CITIZENSHIP" To Investors And Professionals, According To New Amendment In Law

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  The United Arab Emirates (UAE) reported it is opening a way to citizenship for certain foreigners, however it is indistinct if new visa holders will profit by this framework.  Dubai ruler and UAE Prime Minister Sheik Mohammed Rashed Al Maktoum on Saturday said "investors, professionals and experts including scientists, doctors, engineers, craftsmen, inventors and their families" would be qualified for naturalization under the new amendment to the citizenship law.  "The UAE bureau, nearby emiri courts and chief boards will name those qualified for the citizenship under clear measures set for every class," he said. "The law permits recipients of the UAE visa to keep their current citizenship."  The UAE government said the change "targets valuing the gifts and capabilities present in the UAE and pulling in more brilliant personalities to the Emirati people group".  Residents make up a little minority of the 9,000,000 in number populace of the UAE,...
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US-China Trade War Will Only Result Disaster in World Economy, Says Commerce Minister Zhong Shan

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During annual session of China’s Parliament Commerce Minister Zhong Shan said, Trade war with US will only cause loss to both countries and to global economy as well. Minister further said China will never initiate any trade war or will become part of any such war, there is no winners in trade war, added  Zhong Shan.


China come up with criticism on Metal tariffs recently proposed by President Trump’s government. Trump’s government has given exemption from tariffs of 25% on import of steel and 10% on import of Aluminium, as announced by Washington Officials last week.


Last week, EU and Japan eagerly said US for some exemption from tariffs on Metals import. However Trump’s Government is also feared of China’s position in world trade of metals, as its capacity of expansions have helped add to global surpluses of steel.


China has clearly said that “ It will defend its legitimate right-stand interests”, if they will be whether directly or indirectly targeted by US trade policies and acts. Zhong Shan Further said that “ China is in a position to handle any kind of challenges, and will put efforts to resolute problems peacefully and to protect its interests but both countries should continue talks.


The US trade policies has brought strong threat to the ChinaMetals trade industry, on Friday Chinese officials argued to retaliate by targeting US coal, it’s the only source that is the heart of Trump’s political life and during election campaign he promised to bring revolution in American industries.


Annually, US imported 35 million tons of raw material in year 2017 which makes US the world’s biggest steel importer followed by South Korea, Japan, China and India imported 6.6 million tons. Trade war between China and US started just after Trump’s holding of Office.

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