Tehran, April 23 (IANS) Iranian Foreign Minister Hossein Amir-Abdollahian and his counterpart of the United Arab Emirates (UAE) Sheikh Abdullah bin Zayed Al Nahyan have agreed to expand cooperation in various fields. During a phone call, Iran’s Amir-Abdollahian and UAE’s Sheikh Abdullah agreed to expand cooperation in various fields, including the private sector, Xinhua news...
Dubai property sales surge 60% as investors, Russians flock in
DUBAI, July 29 (Reuters) – Dubai’s red-hot property market surged in the first half of the year as investors piled in, with Russians among the top five buyers as the emirate benefits from an influx of wealth in the wake of Western sanctions. The first half saw residential real estate transaction volumes up 60% with...
Grey Listing of the UAE
On 4th March 2022, the United Arab Emirates (UAE) was added to the list of jurisdictions under increased monitoring (Grey List) by the Financial Action Task Force (FATF). Grey Listing is typically applied to countries with gaps in their anti-money laundering (AML)/countering the financing of terrorism (CFT) regimes, but where commitments have been made for...
Wealthy Russian investors are snapping up luxury properties in Dubai amid Western sanctions, a report says
Wealthy Russians are flocking to Dubai’s real estate market as Western sanctions prompt them to look at alternative destinations for their luxury property purchases, The Observer reported on Saturday. Individuals with money tied to Russian financial institutions have been purchasing properties and leasing apartments in Dubai, which has not imposed financial sanctions against Russia in the weeks...
Wealthy Russian investors are snapping up luxury properties in Dubai amid Western sanctions, a report says
Wealthy Russians are flocking to Dubai’s real estate market as Western sanctions prompt them to look at alternative destinations for their luxury property purchases, The Observer reported on Saturday. Individuals with money tied to Russian financial institutions have been purchasing properties and leasing apartments in Dubai, which has not imposed financial sanctions against Russia in the weeks...
Candidate to lead Interpol accused of torture
Politicians, human rights organisations and former foreign detainees are concerned about a candidate from the United Arab Emirates (UAE) who is running for presidency of the International Police Organization (Interpol). If elected, Major General Ahmed Naser Al-Raisi would succeed Kim Jong-yang of South Korea, who has been in office since 2018. There is also concern here in Germany....
Candidate to lead Interpol accused of torture
The new head of Interpol will be elected next week. However, one of the candidates — Major General Ahmed Naser Al-Raisi from the United Arab Emirates — has been accused of torture. Politicians, human rights organisations and former foreign detainees are concerned about a candidate from the United Arab Emirates (UAE) who is running for presidency of...
Flemish Environment Minister to skip COP28 and takes a dig at Dubai
After boycotting COP27 in Egypt due to concerns about the human rights situation there, Flemish Environment Minister Zuhal Demir has already confirmed she will not be attending next year’s climate summit in Dubai, either. On Wednesday, Demir announced she will not be attending the 28th UN climate conference (COP28), which will be hosted by the United Arab...
Russia’s Rich Move Money to Dubai
Rich Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, financial and legal sources say. The sanctions are a result of the Russian invasion of Ukraine. Dubai, the Persian Gulf’s financial and business center, has long been a point of interest for the very rich. And...
What are the different types of human trafficking?
Human trafficking, also referred to as modern-day slavery, is a general term that covers a wide range of illegal and unjust practices. But what’s the difference between something like human trafficking vs sex trafficking? Read on to learn the difference between types of human trafficking and the definition of key human trafficking terms. What is human trafficking? Human...