In this April 1, 2015 photo, a tram crosses a bridge over a canal that forms the Marina waterfront district of Dubai, United Arab Emirates. (AP Photo/Kamran Jebreili)
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The United Arab Emirates is abandoning decades of restrictions on foreigners owning companies and settling in the country to help lure money and talent in a slowing economy.Like in most other Gulf states, a majority of the UAE's population of 9 million consists of foreigners who are expected to leave once their employment ends and many send earnings abroad.While Abu Dhabi and especially Dubai have thrived on tourism, financial services and as airline hubs, the UAE government is turning to science and technology to ensure the country can keep growing.UAE citizens have to own 51 percent of the ventures.
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