Remittances: Sweating it out in the Gulf
Money
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May 212012
Mr Shaukat Ali does not have to canvas for hawala money from NRIs living in the poorer districts of Dubai any longer.
Earlier he used help blue collar NRI workers to send money back to their families living in India through the illegal hawala route, virtually charging no commission and offering better exchange rates.
After a gap of three years, he has now got his old job back with a British design and construction consultancy firm in Dubai, as a driver. The ebbing construction spree in the Read more [...]
Employees foil robbery at Dubai petrol pump
Money
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May 212012
A brave petrol station salesman and his colleague overpowered a gang of thieves who tried to rob an Eppco petrol station in the Al Qusais area of Dubai on Friday morning.
The Dubai Police have launched a manhunt for the gang members who fled the crime scene, after the attempted robbery was sabotaged by the timely action of the two employees.
The robbery attempt took place at 2.45 am on Friday and has shocked petrol station and convenient store staff, especially those doing night shifts.
Emirates Read more [...]
Sorcerer nabbed by policewoman in Dubai
Money
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May 212012
An Asian sorcerer who outwitted scores of women in Dubai by claiming he can heal them of difficult illnesses to take their money was finally outwitted by a police woman who posed as a patient.
Police sent him the female undercover after learning that the man targets woman in his witchcraft activity that lasted over three years before he was seized by a surrounding police force while in session with the undercover.
The man had eluded authorities all that period as he was continuously moving Read more [...]
May 212012
WAM Abu Dhabi, May 20th, 2012 (WAM)--National Committee for Anti-Money Laundering held its first meeting for the year 2012 today at the headquarters of Central Bank of the UAE in Abu Dhabi under the chair of Sultan Bin Nasser Al Suwaidi, Governor of Central Bank of the UAE, Chairman of the Committee.
Present were the members of the Committee, representatives from the Ministry of Interior, the General Headquarters of Abu Dhabi Police, General Headquarters of Dubai Police, the State Security Service, Read more [...]
May 202012
A brave petrol station salesman and his colleague overpowered a gang of thieves who tried to rob an Eppco petrol station in the Al Qusais area of Dubai on Friday morning.
The Dubai Police have launched a manhunt for the gang members who fled the crime scene, after the attempted robbery was sabotaged by the timely action of the two employees.
The robbery attempt took place at 2.45 am on Friday and has shocked petrol station and convenient store staff, especially those doing night shifts.
Emirates Read more [...]
Green efforts pay off slowly
Money
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May 192012
Dubai: The UAE has a lot of world records to its name. This, unfortunately, includes being consistently the world's number one ecologically wasteful country.
For the past 14 years, the World Wide Fund for Nature (WWF) has produced the Living Planet Report, a biennial study detailing the global ecological footprint chart, which the UAE has dominated each time. This year, however, is the exception.
From Read more [...]
Two weeks and Dh1m to play the market
Money
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May 192012
Unlike many of the professionals, Kawthar Fernini, defied the market and walked away with a profit of Dh154,000 at the end of this year's Dubai Financial Market's stock market game.
"I had to be on my feet and had to constantly track the movements of the stocks," said Fernini who eventually made a profit of more than 15 per cent on the virtual Dh1 million she had to trade for 11 days. She will be graduating this month with a degree in human Read more [...]
Irish prisoner calls off hunger strike
Money
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May 192012
The Irish Times - Saturday, May 19, 2012ORLA TINSLEYThe family of an Irish businessman who has been on hunger strike in a Dubai jail says he has resumed taking food this week after being promised a review of his case.Christopher Renehan (38), a father-of-five, began his hunger strike on April 16th as a last resort to highlight his case after being told he was not authorised to sign off to receive money for his company that would clear his name.Mr Renehan was sentenced to six years in Dubai’s central Read more [...]
May 192012
May 19, 2012 ·
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MOGADISHU — The Somali department of immigration is trying to locate an American man with Egyptian Read more [...]
May 182012
Officials from a new peace award set up by Dubai’s Ruler have said the prize will be “more distinguished” - and worth more money - than the famous Nobel and Gandhi Peace awards.
His Excellency Dr Hamad bin Sheikh Ahmed Al Shaibani, Chairman of the board of trustees of the Mohammed bin Rashid Al Maktoum Award for World Peace, today outlined the goals of the award saying: “The world is now facing many troubles and here in the UAE we have safety and security for all people. This award Read more [...]
Housemaid charged with stealing Dh1m
Money
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May 182012
Dubai: A housemaid has been accused of stealing Dh1 million while her sponsor was training on a treadmill after a friend promised to buy her a house in her home country.
The 30-year-old Ethiopian, K.W., admitted stealing cash and jewellery but claimed before the Dubai Court of First Instance she did not know the amount stolen.
The defendant told Presiding Judge Jasem Al Beloushi she did not count Read more [...]
May 182012
DUBAI (Reuters) - Iran's parliament on Thursday approved President Mahmoud Ahmadinejad's $462 billion annual budget, the official IRNA news agency reported, a drop in real terms from last year as international sanctions took their toll.Iran's currency has lost much of its value in recent months due to sanctions designed to curb the Islamic Republic's nuclear program, which the West suspects is a cover for making atomic bombs, a charge Tehran denies.The official exchange rate for the 2012/13 budget Read more [...]
Jailed US businessman on hunger strike in Dubai
Money
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May 182012
By BRIAN MURPHY
The Associated Press
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DUBAI, United Arab Emirates — An American businessman jailed for more than four years in Dubai under suspicion of corruption has started a hunger strike to push for a trial and seek greater U.S. diplomatic pressure in his case.Zack Shahin, a former CEO of Dubai-based Deyaar Realty, is among dozens of prominent business figures and investors who have been placed under investigation for alleged Read more [...]
May 172012
Karachi—Dubai Islamic Bank Pakistan Limited (DIBPL), a leading Islamic bank in Pakistan and Western Union have entered into a collaboration, whereby DIBPL will provide Western Union inbound money transfer service through its 76 branches across 30 major cities in Pakistan. This service will cater to the needs of people in Pakistan who wish to receive money promptly from abroad. Speaking on the occasion, Junaid Ahmed, CEO of DIBPL said, “Our strategic relationship with Western Union provides Read more [...]
May 172012
Ras Al Khaimah: The Ras Al Khaimah traffic court has ordered a man to pay blood money of Dh800,000 to his victims' families after finding him guilty of killing four people and injuring 28 in a car accident on April 12 in Ras Al Khaimah, a judiciary official told Gulf News on Wednesday.
The official said the accident happened as the Emirati motorist was trying to avoid a cat on the road during his commute to Dubai. "He veered suddenly and hit Read more [...]