Dubai targets financial crimes

May 19, 2013

Dubai_financial_crimes

Dubai, May 19: Financial crime that was detected in Dubai topped Dh200 million during last year and the first quarter of this year, according to Dubai Police’s General Department of Anti-Economic crime.

Department Director Major Salah Bu Osaiba said the police had arrested 371 suspects for involvement in those crimes — which relate to selling thousands of fake electronics and counterfeit products, using forged credit cards and money multiplication — with 130 cases coming in the first quarter of this year alone.

The General Department of Criminal Investigation Director Brigadier Khalil Ibrahim Al Mansouri said the economic department was providing protection to trademark owners who chose Dubai to be their regional hub, while the police were exerting tireless efforts to help companies which were harmed by the sale of counterfeit products. Damage came in terms of lost sales and damaged company reputations, he said.

Al Mansouri said Dubai’s reputation as a business hub attracted fraudsters interested in violating intellectual property rights, who had advanced technology which could produce high quality counterfeit products or defraud people through forged credit cards.

The police were trained to differentiate between fake and genuine products, he said. Despite the numbers, the figures actually represented a reduction in economic crimes, with money multiplication scams and counterfeit crime both down.

The police had recorded 130 economic crimes during the first quarter of the year, compared with 140 for the same period the previous year, with Al Mansouri attributing that to a decrease in the number of criminals plying their trade here, including a smaller number of sources importing fake products.

Popular counterfeit products, not surprisingly, include the iconic Apple technology devices, many of which had been found in the Naif area, he said.

Al Mansouri revealed the Anti-Economic Crime Department had arrested three Nigerians and three Indians, while the police were chasing a fourth African, on charges of possession of forged credit cards. The police received information that the suspects had purchased electronic appliances from a shop in Al Khaleej Al Tijari area, using forged credit cards.

The Indian owner of the electronic shop told the police that in February, two Africans and an Indian had wanted to purchase phones worth Dh71,540 using two forged credit cards. However, he said he could not deliver the goods as the men wanted such large quantities of material that the shop needed time to get the products. On the same day, the shop received an e-mail from the bank notifying staff that the two cards were forged.

A salesman at the same shop told the police that was not the first time the men had visited the store, with one of the Indian men calling the salesman in January, telling him there was a client who wanted to buy goods with credit cards. The next day the man came with an associate to the shop with the pair requesting iPhones and Samsung phones worth Dh53,000, which they purchased. The salesman told the police that he had not received any notification from the bank at the time.

The police set a trap to arrest the suspects when they returned to the store to collect the phones worth Dh71,540 they had previously purchased. Other suspects were arrested in other areas of Dubai, many of them fiercely resisting arrest before attributing the forged credit cards to other suspects among the group. One suspect confessed to owning the forged credit cards, but said he had received them from other people and was only to receive five per cent of the total profit.

During raids on the various flats of the suspects, the police seized seven forged credit cards.

Conterfeit goods

The Anti-Economic Crime Department has arrested the manager of a company for selling counterfeit products, in the Naif area.

Police officials received information that a company, located near Maktoum Hospital which had warehouses in Al Qusais area, was selling fake Philips and Osram products. The products were stored in warehouses, in violation of trademark laws which harmed accredited agencies in the country.

After verifying the tip-off, the police got permission from the Public Prosecution and raided the shops and warehouses of the company. The company manager was taken by the police for interrogation, where he confessed that he owned the products. The police sent a sample to their forensic laboratory to confirm the products were fake, while the manager was released on bail. The products in contention are being held by the police.

In a second case, the police arrested a Chinese national and two Bangladeshi nationals after receiving information that a company located in the Naif area, opposite Hyatt Regency hotel, was selling fake Apple products including iPhones and accessories. After verifying information, the police took legal action and raided the company. This started a string of accusations that the fake goods had come from another company. The police set up a trap with a representative from another company in January, and told him they wanted to buy 500 phones, coming to the value of Dh123,000 — giving a down payment of Dh2,000. An invoice was issued, and a time for the delivery of the phones was specified. The police then raided the shop and arrested several more suspects, who in turn pointed the finger at a company called Momo International Electronics, based in Naif. The police then raided this company, where they seized 108 iPhones which were lying unpacked, without their cartons, alongside 1,100 empty cartons. The suspect told the police that the company was close to a flat, which was then also raided leading to the seizure of another 340 iPhones. The police have sent a number of the seized goods to the police forensic laboratory to verify whether the goods were counterfeit.

The General Department of Criminal Investigation Director Brigadier Khalil Ibrahim Al Mansouri said the economic department was providing protection to trademark owners who chose Dubai to be their regional hub, while the police were exerting tireless efforts to help companies which were harmed by the sale of counterfeit products. Damage came in terms of lost sales and damaged company reputations, he said.

Al Mansouri said Dubai’s reputation as a business hub attracted fraudsters interested in violating intellectual property rights, who had advanced technology which could produce high quality counterfeit products or defraud people through forged credit cards.

The police were trained to differentiate between fake and genuine products, he said. Despite the numbers, the figures actually represented a reduction in economic crimes, with money multiplication scams and counterfeit crime both down.

The police had recorded 130 economic crimes during the first quarter of the year, compared with 140 for the same period the previous year, with Al Mansouri attributing that to a decrease in the number of criminals plying their trade here, including a smaller number of sources importing fake products.

Popular counterfeit products, not surprisingly, include the iconic Apple technology devices, many of which had been found in the Naif area, he said.

Al Mansouri revealed the Anti-Economic Crime Department had arrested three Nigerians and three Indians, while the police were chasing a fourth African, on charges of possession of forged credit cards. The police received information that the suspects had purchased electronic appliances from a shop in Al Khaleej Al Tijari area, using forged credit cards.

The Indian owner of the electronic shop told the police that in February, two Africans and an Indian had wanted to purchase phones worth Dh71,540 using two forged credit cards. However, he said he could not deliver the goods as the men wanted such large quantities of material that the shop needed time to get the products. On the same day, the shop received an e-mail from the bank notifying staff that the two cards were forged.

A salesman at the same shop told the police that was not the first time the men had visited the store, with one of the Indian men calling the salesman in January, telling him there was a client who wanted to buy goods with credit cards. The next day the man came with an associate to the shop with the pair requesting iPhones and Samsung phones worth Dh53,000, which they purchased. The salesman told the police that he had not received any notification from the bank at the time.

The police set a trap to arrest the suspects when they returned to the store to collect the phones worth Dh71,540 they had previously purchased. Other suspects were arrested in other areas of Dubai, many of them fiercely resisting arrest before attributing the forged credit cards to other suspects among the group. One suspect confessed to owning the forged credit cards, but said he had received them from other people and was only to receive five per cent of the total profit.

During raids on the various flats of the suspects, the police seized seven forged credit cards.

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News Network
May 19,2020

Dubai, May 19: In a heart-warming decision to reunite families that have been split by anti-Covid travel restrictions, the UAE has announced that residents with valid visas stranded outside the country can return from June 1.

The Ministry of Foreign Affairs and International Cooperation and the Federal Authority for Identity and Citizenship said they will begin the process on Monday, June 1, by allowing the return of those residency holders currently stranded outside the country who have relatives in the UAE. Residents who meet this criteria must apply for a Resident Entry Permit on smartservices.ica.gov.ae.

The ministry and the authority said the decision was taken to reunite families that have been affected by the anti-coronavirus measures taken due to the exceptional circumstances.

"The UAE is keen to facilitate the procedures for holders of UAE residency visas who are stuck outside the country and reunite them with their families who were affected by the precautionary measures taken by the country in light of the current exceptional circumstances to combat Covid-19," the federal authorities were quoted by state news agency Wam.

Hundreds of UAE residents are currently stuck abroad and are separated from their families due to the unexpected freeze on air travel imposed by many countries as precautionary measures to curb the spread of coronavirus.

The #BringBackUAEresidents hashtag was trending on Twitter on Monday as several residents and families requested the government to expedite their return to the UAE.

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Agencies
June 9,2020

Dubai, Jun 9: Dubai's Emirates airline has begun laying off employees to reduce cost and save cash as the carrier looks to rightsize its workforce.

"We at Emirates have been doing everything possible to retain the talented people that make up our workforce for as long as we can. However, given the significant impact that the pandemic has had on our business, we simply cannot sustain excess resources and have to rightsize our workforce in line with our reduced operations. After reviewing all scenarios and options, we deeply regret that we have to let some of our people go," the spokesperson said in the statement.

Citing sources, Reuters and Bloomberg earlier reported that a majority of those being made redundant are cabin crew workers as well as a minority of its engineers and pilots, including those flew the Airbus A380.

"This was a very difficult decision and not one that we took lightly. The company is doing everything possible to protect the workforce wherever we can. Where we are forced to take tough decisions we will treat people with fairness and respect. We will work with impacted employees to provide them with all possible support," said the statement.

The spokesperson, however, didn't disclose how many employees are being made redundant in this latest round of rightsizing the workforce.

Emirates on Sunday confirmed that it extended the period of reduced pay for its staff for another three months till September. It had previously reduced basic wages by 25 to 50 per cent for three months from April, with junior employees exempted.

The airline had employed around 60,000 people at the end of its 2019-20 financial year.

Saj Ahmad, chief analyst at StrategicAero Research, said the announced job cuts at Emirates will likely not be the last given the unprecedented damage that Covid-19 has had not just on air travel, but on the entire aviation industry as a whole.

"Emirates' massive international network means that job reductions were always a last resort option as the company staves off cash burn and expenses at a time when revenues are dried up. While Emirates SkyCargo is enjoying a resurgence in activities, the reality is that this income will never offset the lost money from passenger operations," he added.

"Whilst some salary reduction schemes have prevented bigger job cuts for now, the absence of a cure or medicinal suppressant of Covid-19 means that air travel is unlikely to even reach pre-9/11 levels within 3-5 years, let alone pre-Covid-19 levels in that same time period. For that reason, Emirates' reduction in headcount is necessary to stay competitive, agile and be ready for when air travel can resume with a degree of normalcy that we have been accustomed to for decades," said Ahmad.

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News Network
April 5,2020

Beirut, Apr 5: The novel coronavirus has put global trade on hold, placed half of the world population in confinement and has the potential to topple governments and reshape diplomatic relations.

The United Nations has appealed for ceasefires in all the major conflicts rocking the planet, with its chief Antonio Guterres on Friday warning "the worst is yet to come". But it remains unclear what the pandemic's impact will be on the multiple wars roiling the Middle East.

Here is an overview of the impact so far on the conflicts in Syria, Yemen, Libya and Iraq:

The COVID-19 outbreak turned into a pandemic just as a ceasefire reached by the two main foreign power brokers in Syria's nine-year-old war -- Russia and Turkey -- was taking effect.

The three million people living in the ceasefire zone, in the country's northwestern region of Idlib, had little hope the deal would hold.

Yet fears the coronavirus could spread like wildfire across the devastated country appear to have given the truce an extended lease of life.

According to the Syrian Observatory for Human Rights, the month of March saw the lowest civilian death toll since the conflict started in 2011, with 103 deaths.

The ability of the multiple administrations in Syria -- the Damascus government, the autonomous Kurdish administration in the northeast and the jihadist-led alliance that runs Idlib -- to manage the coronavirus threat is key to their credibility.

"This epidemic is a way for Damascus to show that the Syrian state is efficient and all territories should be returned under its governance," analyst Fabrice Balanche said.

However the pandemic and the global mobilisation it requires could precipitate the departure of US-led troops from Syria and neighbouring Iraq.

This in turn could create a vacuum in which the Islamic State jihadist group, still reeling from the demise of its "caliphate" a year ago, could seek to step up its attacks.

The Yemeni government and the Huthi rebels initially responded positively to the UN appeal for a ceasefire, as did neighbouring Saudi Arabia, which leads a military coalition in support of the government.

That rare glimmer of hope in the five-year-old conflict was short-lived however and last week Saudi air defences intercepted ballistic missiles over Riyadh and a border city fired by the Iran-backed rebels.

The Saudi-led coalition retaliated by striking Huthi targets in the rebel-held capital Sanaa on Monday.

Talks have repeatedly faltered but the UN envoy Martin Griffiths is holding daily consultations in a bid to clinch a nationwide ceasefire.

More flare-ups in Yemen could compound a humanitarian crisis often described as the worst in the world and invite a coronavirus outbreak of catastrophic proportions.

In a country where the health infrastructure has collapsed, where water is a rare commodity and where 24 million people require humanitarian assistance, the population fears being wiped out if a ceasefire doesn't allow for adequate aid.

"People will end up dying on the streets, bodies will be rotting in the open," said Mohammed Omar, a taxi driver in the Red Sea port city of Hodeida.

Much like Yemen, the main protagonists in the Libyan conflict initially welcomed the UN ceasefire call but swiftly resumed hostilities.

Fierce fighting has rocked the south of the capital Tripoli in recent days, suggesting the risk of a major coronavirus outbreak is not enough to make guns fall silent.

Turkey has recently played a key role in the conflict, throwing its weight behind the UN-recognised Government of National Accord.

Fabrice Balanche predicted that accelerated Western disengagement from Middle East conflicts could limit Turkish support to the GNA.

That could eventually favour forces loyal to eastern-based strongman Khalifa Haftar, who launched an assault on Tripoli one year ago and has the backing of Russia, Egypt and the United Arab Emirates.

Western countries have been hit hardest by the pandemic, which could prompt them to divert both military resources and peace-brokering capacity from foreign conflicts.

A report by the International Crisis Group said European officials had reported that efforts to secure a ceasefire in Libya were no longer receiving high-level attention due to the pandemic.

Iraq is no longer gripped by fully-fledged conflict but it remains vulnerable to an IS resurgence in some regions and its two main foreign backers are at each other's throats.

Iran and the United States are two of the countries most affected by the coronavirus but there has been no sign of any let-up in their battle for influence that has largely played out on Iraqi soil.

With most non-US troops in the coalition now gone and some bases evacuated, American personnel are now regrouped in a handful of locations in Iraq.

Washington has deployed Patriot air defence missiles, prompting fears of a fresh escalation with Tehran, whose proxies it blames for a spate of rocket attacks on bases housing US troops.

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