Page 3 - Dubai

Dubai court orders man to pay $1.25 bn to Denmark in tax fraud case

A British man accused by Denmark of masterminding a USD 1.7 billion tax fraud has been ordered by a Dubai court to pay Copenhagen's tax authority USD 1.25 billion, court filings seen on Friday show, just days after another Dubai court rejected an extradition order for him. The order by the Dubai Court of Appeal against Sanjay Shah comes as part of a civil case filed four years ago by Denmark's tax authority, who have been pursuing him as part of their investigation in one of the country's largest-ever tax fraud case. Shah has maintained his innocence in the case while fighting extradition. Lawyers representing Shah in the separate civil case did not immediately respond to a request for comment Friday. Denmark has accused Shah of masterminding an elaborate tax scheme for three years beginning in 2012 involving foreign businesses pretending to own shares in Danish companies and claiming tax refunds for which they were not eligible. The Danish tax authority, Skattestyrelsen, filed the

Asia Cup 2022 points table: Sri Lanka stays on top of the table

Asia Cup 2022 Points table: Sri Lanka defeated Pakistan in the second last game of the tournament. Read this detailed report to know everything about Asia Cup 2022 points table and matches

Office rents in Dubai rebounding, rising faster than in New York, London

Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.

IND vs SL Asia Cup Super Four Highlights: Sri Lanka win by six wickets

India vs Sri Lanka Asia Cup Super Four Highlights: Sri Lanka won a thrilling encounter as Bhanuka Rajapaksa and Dausn Shanaka kept their cool to chase down 174 and win the game by six wickets

Dubai office rents are rising faster than in New York and London: Report

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 800 feet over the financial district

Danish national contests extradition in $1.7 billion fraud case in Dubai

The lawyer of a British man who was arrested in Dubai for allegedly masterminding a USD 1.7 billion tax scheme in Denmark asked judges on Monday not to extradite him. Denmark wants hedge fund trader Sanjay Shah extradited from the United Arab Emirates, but Shah's lawyer, Ali al-Zarooni, argued in court that an international extradition treaty between the two countries is still not active in the UAE. Speaking in front of three judges in a session behind closed doors, al-Zarooni asked the court to deny the extradition request. Al-Zarooni told The Associated Press after the hearing that he believed Denmark had breached international treaties regarding extradition pursuing its request. Danish officials signed an agreement in March allowing for extradition between the UAE and Denmark. Shah has maintained his innocence in interviews with journalists while living in Dubai over the last few years. The hedge fund manager had run a center for autistic children in Dubai that shut down in 2020

SL vs BAN, match 5- Asia Cup 2022: Match preview, live streaming, team

Sri Lanka Vs Bangladesh, Match 5- Asia Cup 2022: Bangladesh will play against Sri Lanka in the virtual quarterfinal to make it to the super fours. Read this article to know everything

Mukesh Ambani's Reliance Industries buys Dubai's costliest home ever

The family has been increasing its real estate footprint overseas, with all three siblings looking Westward for second homes, one of the people said

Drunk man delays Dubai-bound IndiGo flight with hoax bomb threat

A bomb threat call was received to a Dubai-bound private carrier on Saturday following which the checks were underway to ascertain if any explosive items were planted in the aircraft, officials said. An anonymous call was received at the police control room in this connection following which the airport police were alerted. Subsequently, security agencies were conducting searches inside the Indigo aircraft that was ready for departure at 7.20 am with around 160 passengers, airport officials said. An enquiry was on to trace the caller.

850,000 Indians visited till June, average stay 3-4 nights: Dubai Tourism

A senior Dubai Economy and Tourism official said UAE will soon start issuing five year multiple entry visas. The move is expected to attract Indians to make more trips to Dubai.

Asia Cup 2022: Groups, schedule, venue, team list and full squad

Asia Cup 2022 will be played in Dubai and Sharjah from August 27 to September 11. Read this detailed article to know about the venues, groups, and full squad and schedule

Dubai airport sees air travel surge, expects FIFA World Cup boost: CEO

Dubai International Airport saw a surge in passengers over the first half of 2022 as pandemic restrictions eased and the upcoming FIFA World Cup in Qatar will further boost traffic to the city-state's second airfield, its chief executive said Wednesday. Paul Griffiths, who oversees the world's busiest airport for international travel, told The Associated Press that the airport handled 160% more traffic over the past six months compared to the same period last year, part of an air travel rebound around the world. The nearly 28 million people who traveled through the airport over the past six months represent some 70% of the airport's pre-pandemic levels, even as Dubai's key source market of China remains closed due to severe pandemic restrictions. Griffiths said he expects the airport's traffic to return to pre-pandemic levels by the end of next year. It's a very, very welcome surge of traffic, Griffiths said. The first World Cup in the Middle East, he added, will send foreign socce

Indian visitors to Dubai more than double to 858,000 in Jan-Jun 2022

Dubai attracted 71.2 lakh international overnight visitors between January and June 2022, recording close to three-fold growth in visitors compared to 25.2 lakh tourists in the same period in 2021.

Dubai's metaverse plan targets 40,000 virtual jobs in next five years

Government aims to develop global standards in building safe and secure platforms for users and develop infrastructure and regulations to accelerate adoption of these technologies, WAM news said

138 stranded SpiceJet passengers leave for Dubai in alternate aircraft

An alternate aircraft of SpiceJet flew to Dubai from Karachi's Jinnah International Airport on Tuesday night, ending a wait of nearly 11 hours for 138 passengers who were stranded

SpiceJet's Delhi-Dubai flight diverted to Karachi, say DGCA officials

This is the sixth such incident on SpiceJet aircraft in the last 17 days

Pakistan Army chief Bajwa meets ailing Pervez Musharraf in Dubai: Reports

Gen Bajwa, accompanied by top physicians of the Pakistan Army, spent some time with Gen Musharraf and his family at their apartment in Dubai while the army doctors examined the former military ruler

Dubai's Emaar says aware of report claiming CEO detained in India

Dubai's Emaar Properties is aware of a media report that its Group Chief Executive Amit Jain has been detained in India, a spokesperson for the company said on Saturday

Gupta brothers, wanted for graft in South Africa, arrested in UAE

In a statement, the Dubai Police said that Rajesh and Atul have been arrested in connection with money laundering and criminal charges in South Africa

UAE president Sheikh Khalifa bin Zayed dies after prolonged illness

UAE President Sheikh Khalifa bin Zayed Al Nahyan has passed away, media reports said on Friday."The Ministry of Presidential Affairs condoles the people of the UAE, the Arab and Islamic nation and the world over the demise of His Highness Sheikh Khalifa bin Zayed Al Nahyan, the president of the UAE," Emirates News Agency, also known as WAM, said in a statement.Sheikh Khalifa Al Nahyan served as the president of the UAE and Ruler of Abu Dhabi since November 2004, Khaleej Times reported.He succeeded his father Sheikh Zayed bin Sultan Al Nahyan in November 2004.Born in 1948, Sheikh Khalifa was the second President of the UAE and the 16th Ruler of Abu Dhabi.