UAE Launches First Phase Of Blue Visa System For Environmental Champions

by THEFUTURE.TEAM

February 13, 2025

The UAE has officially launched the first phase of its Blue Visa system, granting 10-year residency permits to individuals who have made outstanding contributions to environmental protection and sustainability. The announcement was made during the World Governments Summit (WGS) 2025 in Dubai on February 11–13.

Aimed At Sustainability Advocates

The Blue Visa targets environmental champions, including NGOs, international organizations, award winners, and activists who have significantly contributed to sustainability. The first recipients of the visa will include 20 thought leaders and innovators in the field of sustainability, as confirmed by the UAE Ministry of Climate Change and Environment and the Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP).

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How To Apply For The Blue Visa

This new visa offers 10-year residency to individuals who have demonstrated exceptional dedication to environmental causes. Eligible applicants include members of international organizations, global award winners, and environmental researchers or activists. Applicants can apply directly to the ICP or be nominated by the appropriate authorities in the UAE.

The Blue Visa will be granted electronically, with applications submitted through government agencies working in the sustainability sector, following the ICP’s approved procedures. The system, activated during the first phase, is an extension of the Golden and Green Residency programs.

Strengthening UAE’s Global Sustainability Role

Dr. Amna Bint Abdullah Al Dahak, UAE’s Minister of Climate Change and Environment, emphasized the country’s commitment to becoming a global sustainability leader. She noted that the Blue Visa initiative aligns with the UAE’s vision of attracting innovators and environmental leaders to achieve ambitious national sustainability goals.

Continuous Access To Blue Visa Services

Major General Suhail Saeed Al Khaili, ICP’s director-general, announced that eligible individuals will have 24/7 access to the Blue Visa service through the ICP’s website and mobile app, subject to the established terms and conditions.

This initiative marks another significant step in the UAE’s sustainability journey, continuing its efforts to build a more sustainable future for its citizens and the world.

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Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

by News Editor

August 17, 2026

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

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IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.

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