United Arab Emirates says it will offer citizenship to some

first_imgDUBAI, United Arab Emirates (AP) — The United Arab Emirates has announced plans to grant some foreigners citizenship to this oil-rich nation home to Abu Dhabi and Dubai. It’s part of efforts to stimulate its economy amid the coronavirus pandemic. The UAE previously gave citizenship to Palestinians and others who helped form the country’s government after its formation in 1971. Others have received it over time as well. Saturday’s announcement by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, said the offer could apply to artists, authors, doctors, engineers and scientists, as well as their families.last_img

VEDA approves $3.2 Million in direct lending

first_imgVEDA BOARD APPROVES $3.2 MILLIONIN PROJECT FINANCING ASSISTANCE Montpelier, VT – Manufacturing, development, agricultural and travel and tourism projects totaling $6 million will receive $3.2 million in financing assistance from the Vermont Economic Development Authority (VEDA). “We are very pleased to be able to offer financial assistance to these business acquisition and expansion projects,” said Jo Bradley, VEDA’s Chief Executive Officer. Approved for financing by the VEDA Board of Directors are:C Black Diamond Sportswear, Inc., Montpelier – A 75% insurance commitment ($1,312,500) was given on a $1.75 million working capital line of credit extended to Black Diamond by the Mascoma Savings Bank. Black Diamond designs, produces and sells fleece outerwear for the winter sport market, selling under its own brand to sporting goods retail stores across the country. It is estimated that within three years, job growth at Black Diamond will increase from its current 12 to 16 positions.C Railroad Row, LLC, Hartford B Phase II of a real estate development project that is part of the Town of Hartford=s downtown revitalization plan will begin with $415,000 in financing assistance approved by VEDA. The total $2.1 million construction project will see the former Twin State Fruit Building and adjacent former Tire Building converted into a 14,000 square foot, three-story commercial building. Space will be leased to house the national headquarters of the Global Health Council, Inc. (GHC). GHC=s total payroll of 4 is expected to grow to 11 positions within three years. The Mascoma Savings Bank is also participating in the project. In the Vermont SBA 504 Corporation portion of the VEDA Board’s meeting, a financing commitment was made to support the purchase of an operating inn:C Brass Lantern Inn, Stowe B Joseph and Nancy Beres will purchase the Brass Lantern Inn, consisting of 9 rooms on 1.5 acres with $198,000 in SBA 504 financing assistance. The HSBC Bank is also participating in the $933,000 project. Agricultural loans totaling $1.23 million were also approved by the Board through VEDA’s farm financing assistance program, the Vermont Agricultural Credit Corporation (VACC). VEDA’s mission is to promote economic prosperity in Vermont by providing financial assistance to eligible businesses, including manufacturing, agricultural and travel and tourism enterprises. In its 31-year history, VEDA has made financing commitments totaling over $1 billion. -30-last_img read more

Two-level Coorparoo home sells at auction for a great price

first_img544 Cavendish Road, CoorparooA five-bedroom Brisbane home, on the market for the first time, has sold for a price which far exceeded the owners expectations.The property, at 544 Cavendish Rd, Coorparoo, sold for $1.37 million under the hammer on Saturday to a middle-aged couple with three kids.544 Cavendish Road, Coorparoo More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Inside 544 Cavendish Road, CoorparooHarcourts M1 Coorparoo agent Conrad Leisemann said the two-level home featured an original fireplace, ornate cornices, ceilings and picture rails.“The auction was a great success,” Mr Leisemann said.“It’s a great price for a main road and far exceeded the owners expectations.“They were absolutely thrilled and more than a few tears were shed by all.”544 Cavendish Road, CoorparooHe said the new buyers planned to renovate the home and restore it to its former glory.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p360p360p240p240pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Mid century marvel02:03 Related videos 02:03Mid century marvel01:50A walk back in time03:19Billionaire donates architectural gem01:14Thurlow house added to the heritage register01:211960’s time capsule with Hollywood history02:57Hope estateMr Leisemann said the auction opened at $1 million, which was a surprise to everyone.“Two buyers went at each other from around the $1.25 million mark up to the $1.37 million mark,” he said.He said there were eight registered bidders and a crowd of more than 100 people at the auction.last_img read more