Breaking

Is Dubai a money-laundering hub?

Latest news

    With its skyscrapers, luxury villas and a high concentration of millionaires and billionaires, Dubai’s rise to global city and business hub captured the world’s attention.

    It’s one of seven emirates that make up the United Arab Emirates (UAE) an absolute monarchy long ruled by the Al Maktoum family.

    The rapid development of the city has made it one of the fastest growing economies in the world.

    But the Washington-based Center for Advanced Defense Studies has obtained leaked property data from the city state.

    And it has found that those who make money out of wars, who finance ‘terror’, or are involved in drug trafficking use Dubai’s real-estate market as a haven for money laundering.

    Presenter: Peter Dobbie

    Guests:

    Casey Kelso, advocacy director at Transparency International

    Andreas Krieg, assistant professor at the Defense Studies department at King’s College, London

    Laurent Lambert , senior policy analyst at the Social and Economic Survey Research Institute at Qatar University

    View the original article: https://www.aljazeera.com/programmes/insidestory/2018/06/dubai-money-laundering-hub-180613192659667.html

    Source: Al Jazeera News

    In the same category are

    ‘Spycam’ epidemic seizes South Korea’s women South Korea is in the grip of a "spycam" epidemic with covert footage of sex, nudity, and urination posted online in what amounts to a "social death p...
    Vietnam’s Communist Party chief set to become president Ho Chi Minh City, Vietnam - Nguyen Phu Trong, the general secretary of Vietnam's ruling Communist Party, is expected to be chosen as the country's nex...
    Australia apologises to child sex abuse victims Australian Prime Minister Scott Morrison issued a national apology to victims of child sex abuse in an emotional address to parliament on Monday, ack...
    Trump ‘not satisfied’ with Saudis but will he pressure Riyadh? US President Donald Trump says there have clearly been "deception and lies" about how Saudi journalist Jamal Khashoggi was killed. He says he is not s...
    Jamal Khasoggi killing: Is Saudi Arabia too toxic for investors? There's a conspicuous lack of A-listers in Riyadh this week. Business and financial luminaries are keeping their distance after the fate of dissident ...
    Opposition parties reject vote results in Iraq’s Kurdish region Erbil, Iraq – Opposition parties in Iraq's Kurdish region have rejected the final results of the September 30 parliamentary elections. After a delay o...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.