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In 2022, two wanted fugitives, Atul and Rajesh Gupta, were arrested in the UAE on an Interpol red notice issued by South Africa to face fraud and money-laundering charges. [4] [5] [6] The Guptas were controversially released by the UAE on a technicality [7] [8] with both government blaming each other for the failed extradition. [9]
The United Arab Emirates has a work visa sponsorship system to issue work permits for foreign alien nationals who wish to migrate for work in the UAE. [14] Most of the visas are sponsored by institutions and companies. A person looking to enter the UAE for work needs to first procure a work permit from the Ministry of Human Resources.
In April 2015, the firm closed a US$990 million Sub-Saharan Africa fund, its third in the region according to the company. [3] Combined with US$375 million raised in August 2015 for a fund to focus on North Africa, [4] the two funds give Abraaj just under US$1.4 billion to invest in Africa, a record sum raised in a single year. [5]
The United Arab Emirates has an embassy in Kuwait City. Malaysia: 11 September 1974: See Malaysia–United Arab Emirates relations. The United Arab Emirates has an embassy in Kuala Lumpur, and Malaysia has an embassy in Abu Dhabi. [196] The countries established diplomatic relations in 1983. [197] In 2005 Malaysia's export to the UAE stood at ...
The Promotion and Protection of Investments will see more FDI from the UAE and will ease Kenyan companies wanting to do business in the UAE. [2] The Kenyan President also met the Interior Minister and Deputy Prime Minister of UAE, His Highness Sheikh Saif Bin Zayed. He also held talks with the UAE Minister of Foreign Affairs, Sheikh Abdalla Bin ...
On India’s Coast, A Power Plant Backed By The World Bank Group Threatens A Way Of Life. By Barry Yeoman Friday, May 1, 2015, 3:00 am EDT.
The Dubai Islamic Bank (DIB) fraud case was a case originally brought in 2008 that involved the alleged embezzlement of 1.8 billion Dirhams (approximately US$501 million or £330 million) by a group of six (originally seven) bank executives and expat businessmen over the period 2004-2007.
The United Arab Emirates is a high-income developing market economy.The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.