The super-rich’s safe haven that is defying the global downturn UAE was the strongest growing market for private wealth in 2022. Signature Cocktails Collection Dubai has defied a global downturn in the fortunes of the super rich after becoming a haven for Russian money. The United Arab Emirates was the strongest growing market for private...
Amidst the world’s scrutiny, it is surprising that no envoy has yet been sent to Dubai, where the global future of the Kremlin’s mercenary army can be understood. For years, the United Arab Emirates has served as a de facto “current and savings account” for Prigozhin, facilitating his operations in the extended Middle East and...
Russia’s Wagner Group precipitated Sudan’s destructive civil war by assisting both the Rapid Support Forces (RSF) of Sudanese General Mohammed Dagalo aka “Hemeti” and General Abdel Fattah al-Burhan, the military commander of Sudan’s Armed Forces (SAF). Both did business with Yevgeny Prigozhin, Wagner’s head and confidant of Vladimir Putin, who expanded his wealth and power by...
As geopolitical winds shift, the US and European governments turn a blind eye to Emirates’ money laundering problem. BERLIN — Germany, the U.S. and several other Western countries are pushing a global money-laundering watchdog to give the financial system in the United Arab Emirates a clean bill of health despite persistent indications that the country...
In a strategic move, the first shipment of Russian oil arrived in Karachi, after undergoing refining at an Indian refinery in Gujarat. To address sensitivities, the oil was transported via the United Arab Emirates, keeping in mind Islamabad’s concerns. Moscow’s approach serves two purposes. Firstly, it safeguards India’s relationship by avoiding any concerns over the...
African women trafficked into the UAE are forced into debt and subjected to threats and violence, as they are kept in sexual slavery. The case of Christy Gold, who has been charged with sex trafficking in Nigeria, highlights the torment endured by these women in the UAE. On a pleasure boat cruising Gulf waters near...
BERLIN (AP) — A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so will require having the fossil fuel industry at the table. Environmental campaigners have slammed the presence of oil...
A Dubai-based Irish businessman has been placed on the US Treasury’s sanctions list as part of move to stop the flow of Russian money abroad. John Hanafin and his Huriya Private firm have been listed along several other individuals and companies used to help Russia evade sanctions. According to a Treasury statement yesterday “Hanafin facilitated...
Hunter’s Farm in East Sussex is exactly the sort of house that you might imagine belongs to a top London lawyer. With its 18th century buildings, 52 acres of land, swimming pool, gym and separate ‘Dairy Cottage’, the sprawling £3.4million estate offers a welcome oasis from the cut and thrust of corporate life. Until he was forced...
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....