UAE has offered clarification on recent reports claiming the country offers lifetime residency (Golden Visa) for AED 100,000 to Indian and Bangladeshi citizens.

The UAE's federal authority for citizenship has denied rumors about lifetime Golden Visas for certain nationalities, stating that all applications must go through official government channels.

The existing market for non-Chinese manufactured cranes and equipment is "incapable" of addressing domestic demand, said NAWE president Carl Bentzel.