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UAE Predicted to Become World’s Top Wealth-Attracting Country for Third Consecutive Year

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UAE Predicted to Become World's Top Wealth-Attracting Country for Third Consecutive Year

(CTN News) – The Henley Private Wealth Migration Report predicts that the UAE will become the world’s top wealth-attracting country for the third year in a row.

The survey, which was released earlier this week, expects an extraordinary inflow of 6,700 millionaires from all over the world by the end of 2024, CNBC reported.

The United States is trailing behind the UAE in second place, with an expected inflow of 3,800 millionaires by year end.

According to Henley, the analysis projects that 128,000 millionaires, or high-net-worth individuals with one million dollars or more, will relocate in 2024, breaking the previous record of 120,000 millionaires set last year, signaling a watershed moment in global wealth migration.

The analysis is based on data provided by the global wealth intelligence business, New World Wealth. It provides information on millionaires’ inflows and outflows, as well as their global mobility trends.

Why the UAE is a Top Choice for Millionaires

“This great millionaire migration is a canary in the coal mine, signaling a profound shift in the global landscape and tectonic plates of wealth and power, with far-reaching implications for the future trajectory of the nations they leave behind or those which they make their new home,” said Dominic Volek, director of private client services at Henley & Partners, an international law firm.

The UAE is becoming a popular choice for high-net-worth individuals worldwide, thanks to its favorable tax regulations, strategic location, and modern infrastructure.

The country offers a “golden visa” to attract foreign talent, intending to “provide long-term residence to investors, entrepreneurs, specialists, students, and researchers who make a significant investment in the country,” according to Henley & Partners.

People from the Middle East, India, Russia, Africa, and most recently, the anticipated migration from the United Kingdom and Europe, are driving an increase in migration to the UAE.

According to Henley & Partners, the top ten countries expecting the biggest net inflows of millionaires this year are listed below.

  • United Arab Emirates: +6,700
  • United States of America: +3,800
  • Singapore: +3,500
  • Canada: +3,200
  • Australia: +2,500
  • Italy: +2,200
  • Switzerland: +1,500
  • Greece: +1,200
  • Portugal: +800
  • Japan: +400

Arslan Mughal is a freelance writer for VORNews, an online platform that covers news and events across various industries. With a knack for crafting engaging content, he specializes in breaking down complex topics into easily understandable pieces.

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Tracking Tropical Storm Beryl: Implications for Texas, Houston, Routes, and Hurricane Watch

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Beryl likely makes landfall in south coastal Texas as a category 1 Hurricane late Sunday into Early Monday

(VOR News) – Severe weather is a hallmark of the tropics. Storm Beryl is presently en route to the Texas coast, passing over the Gulf of Mexico. This very moment is the present moment.

The hurricane was situated approximately 385 miles southeast of Corpus Christi at 4:00 p.m. on Saturday afternoon. It was traveling at a speed of thirteen miles per hour in a northwesterly direction. The highest wind speed ever recorded was seventy-five miles per hour when it was sustained.

What’s the deal with Tropical Storm Beryl, and how will it pass over Texas?

It is highly recommended that you prepare to “hunker down.” The National Hurricane Center is presently in the process of relocating to the general vicinity of Corpus Christi.

It is traveling in an exceedingly uncommon manner, despite the fact that its trajectory has not significantly changed.

The final landfall location will be substantially impacted by any modifications, regardless of their size, to the left or right as it travels up the coast. This is a result of the hurricane’s descent along the coast.

The National Storm Center (NHC) continues to anticipate that the storm will make landfall as a Category 1 hurricane early on Monday, despite the fact that all factors have been considered.

Nevertheless, there are a few things to be cognizant of, one of which is a precipitous increase in intensity that occurs immediately before the impact. It is not entirely improbable that a similar incident could occur, despite my sincere desire that it does not.

It is essential that the residents of Matagorda Bay, Galveston, or the coast are cognizant of the possibility of a five-foot increase in sea levels and storm surges. It is essential that you maintain a high level of awareness in relation to this issue.

The winds that follow will be substantially impacted by a variety of factors, including the precise location of landfall and any last-minute category adjustments.

It is crucial to have water, food, medication, pet food, and any other essentials on hand in the event of an electricity outage. By performing this, you will be able to effectively address any unforeseen circumstances. It is more advantageous to be overly prepared than to be underprepared. In these situations, it is advantageous to be overly prepared.

At present, the FOX 26 Weather Team is meticulously monitoring the most recent advancements in the weather phenomenon. They will continue to keep you informed of the most recent events by utilizing the internet, TV broadcasts, social media, and FOX Local.

Beryl is accountable for both monitoring and issuing warnings.

A hurricane warning has been issued for the entire Texas coast, which spans from the entrance of the Rio Grande River to San Luis Pass. The entire littoral is included in the warnings. The warning extends to the entire Rio Grande River.

A WARNING TO TRAVELERS FROM THE POLAR LANDS: Kindly be informed that

A tropical storm warning is currently in effect for the northeastern coast of mainland Mexico, which spans from Barra el Mezquital to the estuary of the Rio Grande River, and the coast of Texas, which extends from Baffin Bay to the outlet of the river.

Both of these regions are situated within the United States. The United States of America is divided into two distinct regions.

AIM FOR AND BE PREPARED FOR STORM SURGES.

Storm surges that would impact the entire Texas coast, from the entrance of the Rio Grande River to High Island, have been the subject of a warning. This notification will continue to be in effect until the end of the day.

Texas is enhancing its readiness for Hurricane Beryl.

On Friday, Governor Greg Abbott of Texas declared a severe meteorological calamity in response to Hurricane Beryl. Forty municipalities of the province were included in the declaration.

In order to improve the preparedness of the State Emergency Operations Center, the Texas Division of Emergency Management has implemented the following measures. This is one of the accomplishments they have achieved. Furthermore, the Texas catastrophe Management Council’s agencies are spending an inordinate amount of time coordinating the state’s resource acquisition for the catastrophe response response.

It is truly impossible to overstate the importance of having a disaster preparedness pack stored and ready to go well in advance of any potential storm. The essentials, including food, water, first aid supplies, and flashlights, should be included in the bare minimum of your kit, among other items.

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6 Takeaways From President Joe Biden’s High-Stakes ABC Interview

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An aggressive President Joe Biden downplayed his bad performance in last week’s debate in what had become a high-stakes appearance on ABC, as speculation about his candidacy’s future circulated.

During his discussion with anchor George Stephanopoulos, Biden dismissed the idea of resigning from the ticket while simultaneously presenting changing justifications for his bad performance.

The conversation was Biden’s first public interview since his debate performance, and it came at a critical time for his political future. A growing number of Democrats—lawmakers, contributors, and voters—expressed doubts about his candidacy’s viability.

Here are six key points from Biden’s interview with ABC News.

Biden claims the debate was a ‘poor night,’ not a larger issue.
The president admitted in the interview that he was “sick” and “feeling terrible” prior to the debate. When asked if it was a bad incident or a symptom of a more serious ailment, Biden downplayed the concerns.

“This was a poor episode. There is no evidence of a major condition. “I didn’t listen to my instincts in terms of preparation, and I had a bad night,” he admitted.

6 Takeaways From President Joe Biden’s High-Stakes ABC Interview

In the interview, Biden elaborated on how he was feeling during the debate, stating that he was exhausted from illness and had even tested for Covid-19. The White House did not immediately reply to CNN’s questions on whether the president took the test before or after the debate.

He stated, “I was feeling dreadful. In fact, when I asked the doctors if they had done a Covid test, they said they were attempting to figure out what was wrong. They ran a test to discover if I was infected with a virus. I did not. I simply got a very severe cold.”

The revelation regarding his illness was the latest shift in the White House’s portrayal of the president’s physical condition during the debate. During the discussion, White House officials stated that the president had a cold, and on Wednesday, press secretary Karine Jean-Pierre denied that Biden had visited his doctor, repeatedly stating that the president had not had a medical exam since his physical in February.

“It is a cold, gentlemen. “It’s a cold,” she explained at the time. “I understand that it impacts everyone differently. We’ve all had colds; therefore, the doctor didn’t check him out.”

A day later, the White House verified that the president had indeed seen a doctor about his condition, and on Friday, Jean-Pierre told reporters aboard Air Force One that Biden had a “verbal check-in” with his doctor following the debate.

She described Biden’s check-in as “a conversation” with his physician, Kevin O’Connor after reporters reported that the president informed a gathering of Democratic governors that he had seen a doctor.

The president admits to bad performance but provides a fresh reason.
The president stated that he had not watched a repeat of his performance. When questioned if he knew how awful things were going, he replied, “Nobody’s fault but mine.”

Biden’s response to the question was confused about New York Times polls.

“I prepared what I always do sitting down when I return as foreign leaders or the National Security Council – for explicit detail. And I noticed, about halfway through, that all I get mentioned is that The New York Times had me down 10 points prior to the debate, nine now, or whatever. The truth is that, from what I saw, he lied 28 times,” he stated.

When pressed on his performance, he replied, “Well, I was just having a bad night.”

But later in the conversation, Biden provided a different answer. He said he was distracted by Trump speaking out of turn even though Trump’s microphone was muted.

“I understood I was having a difficult night when I noticed that even while I was answering a question and they switched off his microphone, he was still shouting. I let it distract me. I’m not blaming anything on it, but I recognized I simply wasn’t in control,” Biden told Stephanopoulos.

Biden, Trump, and their teams agreed on the rules before the debate.

Biden stated that “no one said I had to” undergo cognitive and neurological testing, telling Stephanopoulos that “I get a full neurological test every day” – referring to his job responsibilities.

“I have medical doctors who travel everywhere. You are aware that every president does this. I am accompanied by world-class medical doctors wherever I go. I am always evaluating my work. “They don’t hesitate to tell me if they suspect anything else is wrong,” he said.

When asked if he had any cognitive testing or a neurology checkup, Biden responded no.

“No one told me I had to… “They said I was fine.”

In a Friday analysis, CNN Chief Medical Correspondent Dr. Sanjay Gupta, a practicing neurosurgeon, asked Biden to undergo extensive cognitive and neurological testing and report his findings.

Gupta expressed concern about Biden’s performance during the debate. According to him, comprehensive examinations “can help determine whether there is a simpler explanation for the symptoms displayed or if there is something more concerning.”

Biden rejects polls that show him losing to Trump.
When Stephanopoulos asked Biden if he was honest with himself about his capacity to overcome Trump, he responded, “Yes.” “Yes, yes, yes.”

He cited prior surveys that suggested he couldn’t win in 2020 and subsequent down-ballot elections while dismissing comprehensive polling that shows he is lagging in the race.

When asked if his low approval rating would make it more difficult to win four years later, Biden replied, “Not when you’re running against a pathological liar. Not when he hasn’t been challenged in the same way that he is about to be.”

The president stated that all his pollsters regard the race as a “toss up” as he cited particular polls before trailing off.

Biden dismisses worried Democrats: Only the ‘Lord Almighty’ could persuade him to withdraw from the race.
When asked if he would step aside if he became persuaded he couldn’t win Trump, Biden responded he would only do so “if the Lord Almighty comes down” and tells him so.

“If the Lord Almighty came down and said, ‘Joe, get out of the race,’ I’d get out of the race,” stated Vice President Biden.

“The Lord Almighty’s not coming down,” said Biden, a devoted Catholic.

Stephanopoulos replied, “I agree that the Lord Almighty will not come down.” But what will you do if you are reliably informed by your allies, friends, and supporters in the Democratic Party, the House, and the Senate that they are frightened you will lose the House and the Senate if you remain?

Biden declined to address the question. “It’s not going to happen,” he explained.

The president later questioned whether any other Democratic leader would possess his foreign policy expertise.

“Who will be able to hold NATO together as I can? Who will be able to put me in a position to keep the Pacific basin in check now that we are in China? Who’s going to do it? “Who has that reach?” Biden asked.

Four Democratic members of Congress have urged Biden to step aside. Massachusetts Gov. Maura Healey published a statement Friday, urging Biden to “carefully evaluate” whether he is the party’s best candidate to oppose Donald Trump. According to CNN, Virginia Sen. Mark Warner is trying to get Senate Democrats on the same page regarding Biden’s reelection attempt, placing additional pressure on the White House.

Warner, who is leading the effort, has reached the point where he believes Biden’s reelection campaign should be suspended, according to a source familiar with the situation.

When asked about Warner’s efforts, Biden said, “Mark is a good man.” He also attempted to secure the nomination. Warner was considered a vice presidential candidate in 2008, a position Biden subsequently won but withdrew from consideration.

“Mark’s not—Mark and I have a different perspective,” Biden told Stephanopoulos.

Biden | Rolling stoneg

6 Takeaways From President Joe Biden’s High-Stakes ABC Interview

When asked if he would alter his stance if additional high-ranking Democrats, such as Senate Majority Leader Chuck Schumer, former House Speaker Nancy Pelosi, or House Minority Leader Hakeem Jeffries, persuaded him to drop out, Biden replied, “They’re not going to do that.”

Just before the ABC interview, Biden addressed voter concerns at a campaign rally in Wisconsin. A rallygoer displayed a banner that read, “Pass the torch, Joe.” The placard was visible briefly before someone attempted to conceal it with a Biden-Harris sign.

Biden’s remarks at that rally was enthusiastic and vibrant, but he appeared to be aware that every word he said would be dissected and carefully scrutinized during this strategically critical era. He vowed to “beat Trump again in 2020” before swiftly recognizing his error and amending himself: “By the way, we’re gonna do it again in 2024.” Biden criticized Trump’s economic policies, saying his opponent “wants another 5 billion – trillion, trillion, not billion – $5 trillion tax cut.”

He answered criticism regarding his age, stating, “I wasn’t too old to create over 50 million new jobs, ensure 21 million Americans are insured under the Affordable Care Act, and beat Big Pharma.” Was I too old to help over 5 million Americans with college debt? Too elderly to appoint the first Black woman to the Supreme Court of the United States? To sign the Respect for Marriage Act?

Biden claimed unspecified forces are “trying to push him out of the race.”

“Well, let me say this as quick as I can,” he joked. “I’m staying in the race.”

That theme was highlighted by the song that played at the end of Biden’s speech: Tom Petty’s “I Won’t Back Down.”

SOURCE – CNN

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New UK Prime Minister Starmer Says Controversial Rwanda Deportation Plan Is ‘Dead And Buried’

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LONDON — British Prime Minister Keir Starmer announced on Saturday that he is abandoning a contentious Conservative policy of deporting asylum-seekers to Rwanda, promising to fulfill the voters’ mandate for reform, though he warned that it would take time.

“The Rwanda scheme was dead and buried before it started,” Starmer stated at his first press conference. “It has never functioned as a deterrent. “Almost the opposite.”

Starmer told reporters in a wood-paneled chamber at 10 Downing St. that he was “restless for change,” but refused to say when Britons would see changes in their standard of life or public services. His Labour Party inflicted the most devastating blow to the Conservatives in their two-century history on Friday, winning by a landslide on a program of change.

Starmer | AP news Image

New UK Prime Minister Starmer Says Controversial Rwanda Deportation Plan Is ‘Dead And Buried’

The 30-minute question-and-answer session came after his first Cabinet meeting. His new government faces the daunting task of addressing a slew of internal issues while also winning over a population weary of years of austerity, political upheaval, and a wounded economy.

“We have a huge amount of work to do, so let’s get started,” Starmer said as he welcomed the new ministers to the table at 10 Downing Street. He stated it had been the greatest honor of his life to be asked by King Charles III to form a government in a ceremony that officially promoted him to prime minister.

Among the challenges they face are reviving a stagnant economy, repairing a failing healthcare system, and rebuilding faith in government.

“Just because Labour won a big landslide doesn’t mean that all of the problems that the Conservative government has faced have gone away,” said Tim Bale, professor of politics at Queen Mary University of London.

In his first words as prime minister Friday after the “kissing of hands” ceremony with Charles at Buckingham Palace, Starmer said he would go to work right once but warned that results would take time.

“Changing a country is not as simple as flipping a switch,” he remarked as ecstatic fans cheered him outside his new official residence at 10 Downing Street. “It’ll take a while. But there is little doubt that the job of change begins immediately.”

Following the six-week campaign, he will have a hectic schedule, traveling to each of the four nations of the United Kingdom—England, Scotland, Wales, and Northern Ireland—that he claims voted for Labour.

He will next go to Washington for a NATO meeting on Tuesday before hosting the European Political Community conference on July 18, the day following Parliament’s official opening and the King’s Speech, which outlines the new government’s agenda.

Starmer singled out several major issues on Friday, including fixing the revered but crippled National Health Service and securing its borders, alluding to a larger global issue of absorbing an influx of migrants fleeing war, poverty, drought, heat waves, and floods caused by climate change.

Conservatives struggled to slow the flood of migrants crossing the English Channel, failing to keep ex-Prime Minister Rishi Sunak’s promise to “stop the boats” that led to the contentious Rwanda plan.

Starmer’s decision on what he dubbed the Rwanda “gimmick” was widely predicted given that he had previously stated that he would not carry out the plan, which cost hundreds of millions of dollars and had never taken flight.

It’s unclear what Starmer would do differently to address the same situation, which saw a record number of refugees arrive on shore in the first six months of the year.

“Labour is going to need to find a solution to the small boats coming across the channel,” Bale told the crowd. “It’s going to have to come up with other solutions to deal with that particular problem.”

Starmer | AP News Image

New UK Prime Minister Starmer Says Controversial Rwanda Deportation Plan Is ‘Dead And Buried’

Suella Braverman, a Conservative hardliner on immigration who could replace Sunak as party leader, slammed Starmer’s decision to dissolve the Rwanda accord.

“Years of hard work, acts of Parliament, millions of pounds been spent on a scheme which had it been delivered properly would have worked,” she tweeted on Saturday. “There are big problems on the horizon which will be I’m afraid caused by Keir Starmer.”

Starmer’s Cabinet is also going to work.

Foreign Secretary David Lammy was to go on his first international trip Saturday, meeting counterparts in Germany, Poland, and Sweden to emphasise the importance of their partnership.

Health Secretary Wes Streeting said he would resume talks with NHS physicians at the start of their careers next week after they launched a series of multi-day strikes. The wage conflict has exacerbated the NHS’s high wait times, which have become a defining feature of its issues.

SOURCE – (AP)

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