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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UAE's e& completes establishing a joint venture with Bespin Global

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UAE

The joint venture (JV) between Bespin Global of South Korea and the UAE telecom provider e&, formerly known as Etisalat, has been finalized.

In return for a 10% interest, E& invested $60 million in Bespin Global, the telecommunications provider disclosed in a regulatory filing on Friday with the Abu Dhabi Securities return (ADX).

With effect from May 2023, the JV will be treated as a subsidiary of e&, it was said.

It will offer public cloud services for the Middle East,Turkey, Africa, and Pakistan and be owned by e& enterprise to the tune of 65% and Bespin Global to the tune of 35%.

One of the cloud managed service providers with the quickest rate of growth, Bespin Global has offices in South Korea, China, Japan, Singapore, Vietnam, Indonesia, and the US from where it serves over 1,700 clients.

The purchase fits with the strategic goals of the $57 billion telecoms business to diversify operations and increase its worldwide footprint. It entered into a legally binding deal with Uber Technologies Inc. last month to contribute $400 million in exchange for a controlling interest in Careem's super-app company.

It increased its shareholding to 14% earlier this year, making it the Vodafone Group's largest stakeholder.

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