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Many billionaires in the UAE are drawn to the country's zero income tax policy. As a result, people travel to the United Arab Emirates in order to safeguard and increase their wealth without having to pay high taxes on it.    The United Arab Emirates (UAE) provides a golden visa program that permits investors, entrepreneurs, and professionals to stay in the nation for an extended period of time. This effort has been essential in attracting skilled labor and funding from around the world.    Due to its strategic location at the crossroads of Asia, Africa, and Europe, the UAE can be quite alluring for investment. This is also important information for visitors planning meetings there.    UAE Offers  a lots of opportunities for ventures and investments. Under a stable political climate, the state of the United Arab Emirates can enjoy a sense of security and predictability, both of which are necessary for efficient long-term planning.     Countries that have seen the greatest growth in

UAE’s GAAC Corporation to run Kabul Airport

 

Kabul Airport

The Taliban and UAE reached an agreement for the UAE to run airports in Afghanistan, according to Ghulam Jailani Wafa, the deputy minister of transportation and civil aviation. Taliban deputy minister of transportation signed a contract with a GAAC business representative on May 27 in the presence of first deputy prime minister Mullah Abdul Ghani Baradar. The United Arab Emirates-based GAAC is a global business that offers aviation services.

 Up to August 15, 2021, when the Taliban overthrew the Western-backed government and gained control of Afghanistan, the GAAC was in charge of ground operations in Kabul. The Taliban's almost 20-year war came to an end later that month as the last American and NATO soldiers left Afghanistan.

 According to media sources, Taliban representatives claimed that they personally renegotiated the prior agreement with GAAC, making some revisions and that the arrangement was only with the company and not with the UAE government.

 After months of disruption, the renewed agreement will likely restore business, trade, commerce, and people-to-people contact in Afghanistan, according to GAAC's managing director Razeq Aslam Mohammad Abdul Razeq. According to VOA, Razeq stated that they hoped Afghanistan will contact them again so they could carry on with the activities in Afghan airports.

 A GAAC spokesperson stated in an email that GAAC would offer specialized services to "safeguard civil aviation from unlawful intervention" and was equipped to handle air traffic management among other services.

 The official stated that all personnel providing services at Afghan airports were GAAC workers and that GAAC had assisted in restoring operations at Kabul Airport in September.

 The decision to hold talks with the Afghan government and finalize new agreements for our services at Afghan airports, he said, was made by GAAC.

 The terms of the arrangement were not discussed by the Taliban. An inquiry for comment was not immediately answered by the Emirati Foreign Ministry. On a single page of its website, GAAC Solutions presents itself as an Abu Dhabi-based joint venture with the company G42 as one of its partners. G42 officials have declined to reveal the company's ownership, but many believe it has ties to Abu Dhabi's ruling family.

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