The two-month grace period covers all types of visas, including tourist and expired residency permits
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The bank is still expect single digit growth this year, but the second half is more important in terms of growth, he added.
About the S&P concerns for Dubai he said that long-term fundamental of Dubai are extremely sound and the Emirate will continue as the economic hub in the region.
Requirement of the country is not that huge as the S&P has already said that $20 billion programme of Dubai will alleviate liquidity pressure.
Khaleej Times also tried to contact other banks Mashreqbank, but could get any comment.
· abdulbasit@khaleejtimes.com
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