From July 2010, the applications for residency permits, labor cards and national IDs would be converted into a single card for UAE residents, which will save them from too much paperwork.

UAE has witnessed foreign workers outnumber local citizens due to better job opportunities. New reseidents are required to prepare huge number of documents as they settle in their jobs and homes.

Today at the Keeneland yearling sale, Sheik Mohammed bin Rashid al Maktoum, the ruler of Dubai spent $2.05 million for the first foal out of champion mare Fleet Indian.

The colt, which helped bolster a sluggish market for thoroughbred race horses at Keeneland, is from the last full crop of leading sire Storm Cat. The Kentucky-based Keeneland Association Inc.'s Web site, said: "Opening day yesterday at the world's largest horse sale grossed less than $25 million, a decline of 55 percent from the session last year."

Herve Jaubert, a former Dubai World employee charged with fraud and theft, is being sued by the company in a US federal court in Southern Florida. Disguised as an Arab woman in burkha, Jaubert had managed to flee from the UAE in a ship; and reached Mumbai, India, before moving on to Florida, where he now lives.

The accusations against Jaubert are that he embezzled nearly $3.8 million (Dh13.95 million), while he worked as chief executive of Exomos (formerly known as Palm Submarine), a subsidiary of Dubai World, established to design and build leisure submarines.

An instruction was issued by President His Highness Shaikh Khalifa Bin Zayed that allows the Saudi citizens travelling to the UAE to continue using ID cards as a travel document while visiting the country.

Lieutenant General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, announced the decision.

As per the media reports, 16 people working illegally have been uncovered this month during the raids conducted on construction sites in Madinat Zayed in Abu Dhabi. 

According to a report in a well known newspaper, the spot inspections commenced 100 workers who did not have their labor cards with them; however only 16 were working illegally in the country.

Tuesday saw a rejection coming from a Dubai Court with regard to bail for seven defendants in the 1.8-billion dirham ($490 million) Dubai Islamic Bank swindling case.

The accused in the case were looking for financing for transactions using fake companies and documents. This is one of the biggest fraud cases, which has shaken the emirate. 

It should be noted that swindling, embezzlement and forging documents are the charges announced against the seven foreign nationals. While two of them worked for the bank, five are businessmen.