The UAE is a popular destination for wealthy foreigners for a number of reasons.

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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
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US, Japan and South Korea Impose New Sanctions on North Korea

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North Korea

The United States (U.S.), Japan and South Korea have imposed new sanctions on some people and entities in North Korea in response to Pyongyang's recent long-range missile test.

On Thursday, the US imposed sanctions on three North Korean individuals. Washington blocked the assets of three North Korean officials in the United States. The US accused Jon Il Ho, Yu Jin and Kim Su Gil of direct involvement in weapons development. The US Treasury Department also threatened sanctions against anyone who conducts transactions with these people.

On Friday, Japan and South Korea also announced new sanctions on North Korean individuals. South Korea targeted eight individuals, including a Taiwanese and a Singaporean national. Japan froze the assets of three North Korean groups, namely Korea Haegumgang Trading Corp, Korea Namgang Trading Corp and Lazarus Group and a person named Kim Su Il.

Japan and South Korea said that the new sanctions were in response to Pyongyang's “provocative acts.” The South Korean foreign ministry also asked people to initiate any kind of transaction with sanctioned people.

Earlier, the US said that China and Russia blocked efforts at the United Nations Security Council to impose tougher sanctions. The UNSC first imposed sanctions on North Korea in 2006 for testing nuclear arms.

Last month, North Korea test-fired a suspected intercontinental ballistic missile. Japan's defence minister said North Korea launched an intercontinental ballistic missile that could impact the US mainland. This year, North Korea launched a record number of ballistic missiles, including long-range cruise missiles and short-range ballistic missiles. North Korea also tested its new Hwasong-17 ICBM system.

Despite facing crippling economic sanctions, North Korea continued testing intercontinental ballistic missiles.

During US President Joe Biden’s visit to Asia in May, the US and South Korea jointly condemned North Korea’s ballistic missile tests. Later on, North Korea fired three missiles. 

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