Highlights of the 2023 programme include site-specific commissions and premieres by renowned international artists, presented in partnership with the region’s leading institutions….reports Asian Lite News
Held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Art Dubai has announced details of the programme and partnerships for its 16th edition.
The expanded 2023 programme features an ambitious and multi-strand conference, talks and education programme, reinforcing Dubai’s emergence as a hub for art and culture and a significant contributor to global conversations about contemporary art.
The 2023 edition of Art Dubai will be held at Madinat Jumeirah from 3rd to 5th March 2023, with previews on 1 and 2 March 2023.
Art Dubai’s expanded 2023 programme, developed in collaboration with local and international cultural partners, reaffirms the premier art fair’s role as the meeting point for the Global South’s creative industries and communities.
“Art Dubai has always tried to reframe what an art fair can be,” said Benedetta Ghione, Art Dubai’s Executive Director. “This year’s expanded programme fully reflects our role as a meeting point for the region’s commercial and not-for-profit creative industries.”
“As an innovative public-private partnership, we have been an incubator of talent, a catalyst for the creative economy here in Dubai, a convener of great minds, and an entry point to this vibrant ecosystem for the wider cultural sector.”
“We are thrilled that our long-term partnership with Julius Baer will continue into a second decade. Their continued support allows us to provide the next generation of the region’s artists and arts professionals with incredible opportunities.”
Highlights of the 2023 programme include site-specific commissions and premieres by renowned international artists, presented in partnership with the region’s leading institutions.
The expanded programme continues Art Dubai’s long-standing commitment to thought leadership and supporting the development of Dubai’s cultural infrastructure.
The Artist Commissions for 2023 are themed around food, community, celebration and hope, with artists selected from participating Art Dubai galleries and South Asia’s leading institutions.
Julius Baer has renewed its association with Art Dubai as its lead partner for another five years until 2027. The Swiss wealth management group will premiere a newly commissioned artwork by Refik Anadol, the new media artist and pioneer in the aesthetics of machine intelligence.
The commission will debut in Dubai as a part of Julius Baer’s new initiative, NEXT, which will encourage the interdisciplinary exploration of megatrends across the arts, science and technology.
Also debuting at the fair will be UAE First Immersion, a presentation of new artworks produced following the November 2022 visit to the UAE by some leading names in digital art.
The exhibit will be part of the expanded second edition of Art Dubai Digital, which will feature collaborations with various organisations pioneering new institutional models, including Lian Foundation and 6529’s Open Metaverse project.
Celebrating its 10th edition, Campus Art Dubai, Art Dubai’s flagship professional development initiative, will expand to incorporate placements with local partners, including Alserkal Avenue and Jameel Arts Centre in Dubai and 421, an Abu Dhabi-based emerging artists platform. With 421, the fair will present a new group exhibition curated by UAE-based artist and researcher Dania Al Tamimi.
The 16th edition of Art Dubai’s celebrated transdisciplinary conference Global Art Forum, commissioned by Shumon Basar, will explore the theme “Predicting the Present” and consider the central question: if it’s the end of history and the end of the future, what happens next?
The fair’s 2023 conference programme will expand to include the first Dubai edition of Christie’s Art+Tech summit.
The summit brings together regional and global leaders, innovators, artists, and visionaries to foster meaningful dialogues on the intersection of Art and Technology.
The sixth iteration of the summit—and the first in the region—will survey tech trends, hear from artists incorporating tech in their practices, and explore current and future challenges and opportunities.
Highlighting the role played by collectors and philanthropists in developing the region’s cultural infrastructure, Art Dubai 2023 will include a series of high-level Collector and Modern Talks, presented in partnership with Dubai Collection, the first institutional art collection in the city and for the city.
Noting to Dubai’s conducive business and investment ecosystem, Sheikh Mohammed bin Rashid Al Maktoum affirmed the city’s keenness to improve cooperation with its global partners…reports Asian Lite News
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, yesterday toured the 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa and South Asia, at the Dubai World Trade Centre.
Sheikh Mohammed said technological advances are disrupting several sectors, including construction. He said the sector had introduced various elements of the fourth industrial revolution, including AI and its applications in projects. Infrastructure projects are key enablers of comprehensive sustainable development, he added.
His Highness also noted that Dubai’s strong events and exhibitions sector, which offers a platform to forge new partnerships, opens up several new growth opportunities. Noting to Dubai’s conducive business and investment ecosystem, he affirmed the city’s keenness to improve cooperation with its global partners, and its ability to explore new avenues to further support the growth of the global economy through the various exhibitions it hosts.
Accompanying Sheikh Mohammed during the tour of the Big 5 exhibition were Khalifa Saeed Sulaiman, Chairman of Protocols for the Vice President and Prime Minister of the UAE, and Helal Saeed Al Marri, Director General of Dubai’s Department of Economy and Tourism.
More than 2,000 participants from 60 countries are participating in the event, which includes 20 national pavilions. More than 55,000 professionals are expected to attend the trade event, which runs from 5th-8th December 2022. The annual Big 5 show features six specialised events addressing the entire industry ecosystem: the Big 5 Heavy, Middle East Concrete, HVAC R Expo, Middle East Stone, Urban Design & Landscape Expo, and FM Expo. Running alongside the Big 5 this week is the inaugural Everything Architecture, the only exclusive event for the architecture and design community in the Middle East.
The special “Lifetime Achievement” recognition acknowledged McLoughlin for his outstanding contribution to the travel retail industry and his strong leadership of Dubai Duty Free since 1983…reports Asian Lite News
Dubai Duty Free’s Executive Vice Chairman & CEO, Colm McLoughlin was honoured with the prestigious “Lifetime Achievement Award” at the inaugural Middle East & Africa Duty Free Association (MEADFA) Awards held on 28th November at the Art Hotel & Resort in Bahrain.
The awards were held to coincide with the 20th MEADFA conference which was held in Bahrain for the first time and brought together 440 delegates. The awards ceremony was held during the MEADFA Gala dinner and in addition to the “Lifetime Achievement” award, the airport retailer also won the Sustainability and Corporate Social Responsibility Award., a joint winner with Bitmore.
Organised by the MEADFA board the new awards programme, which is now part of the annual conference, recognises innovative, dynamic and world-class travel retail specialists in the Middle East and Africa region.
The special “Lifetime Achievement” recognition acknowledged McLoughlin for his outstanding contribution to the travel retail industry and his strong leadership of Dubai Duty Free since 1983. While the Sustainability and CSR Award was awarded to the airport retailer for its commitment to sustainability and promotion of environmental projects both within and outside the organisation.
Commenting on the awards McLoughlin said, “I am delighted and very touched to receive this special award at the inaugural MEADFA Awards, it is a huge honour and I am very grateful to the MEADFA board for nominating me and to the judging panel. It is also terrific to be recognised for Sustainability and Corporate Social Responsibility. I attribute this recognition to our team of staff for their continuous effort in making our business successful and, of course, to our Chairman, HH Sheikh Ahmed bin Saeed Al Maktoum.”
Ramesh Cidambi, COO of Dubai Duty Free accepted the award in Bahrain on behalf of Mr. McLoughlin and he was joined by other Dubai Duty Free officials including Salah Tahlak, Joint COO, Sinead El Sibai, SVP – Marketing, Bernard Creed, SVP – Finance, Mona Al Ali, SVP – Human Resources, Michael Schmidt, SVP – Retail, Sharon Beecham, SVP – Purchasing and Zayed Al Shebli, SVP – Loss Prevention & Corporate Security in accepting the other award.
A special independent judging panel with a strong background in the travel retail industry adjudicated the awards. Prior to the jury’s evaluation and scoring, the MEADFA committee examined each award submission to ensure its completion.
Held from 29th October to 27th November 2022, the annual fitness movement featured an extensive range of free fitness events and activities across the city. …reports Asian Lite News
The sixth annual Dubai Fitness Challenge (DFC) has concluded after an action-packed, month-long celebration of fitness and wellness.
The Challenge, an initiative of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, aimed at making Dubai a happier and healthier city, saw 2,212,246 participants committing to 30 minutes of exercise, every day, for 30 days.
Held from 29th October to 27th November 2022, the annual fitness movement featured an extensive range of free fitness events and activities across the city.
The Challenge offered an exhilarating month of fun and inclusive fitness activities across two fitness villages, DP World Kite Beach Fitness Village, and RTA Last Exit Al Khawaneej Fitness Village, as well as 19 community fitness hubs, a host of sporting events and thousands of free classes across the city.
In addition, participants had a chance to take part in two mega fitness events on Sheikh Zayed Road – Dubai Ride Presented by DP World, and Dubai Run Presented by Mai Dubai – in addition to the inaugural Expo City Dubai Sports and Fitness Weekend, offering over 45 partner sporting events and more than 13,000 free fitness classes.
The Fitness Villages and Fitness Hubs alone were attended by more than 263,000 participants who had the opportunity to engage in diverse activities ranging from Padel tennis and football training to rowing and spinning, apart from several fun high-energy group workouts, suitable for all fitness levels.
Making its debut in January (2023), the inaugural ILT20, which has received multi-year ICC approval, will be played across the UAE’s exemplary, world-class Cricket facilities in Dubai, Abu Dhabi and Sharjah…reports Asian Lite News
The first edition of the International League T20 is assured to raise the roof of the Dubai International Stadium (Dubai, UAE) through a blockbuster opening match between GMR’s Dubai Capitals and Knight Rider Group’s Abu Dhabi Knight Riders as the League gets underway on Friday January 13 (2023).
The much-anticipated schedule sees the competition played from January 13 through to the final on February 12. Abu Dhabi’s Zayed Cricket Stadium’s first game is on Saturday 14 January, a mouth-watering clash between Reliance Group’s MI Emirates and Capri Global’s Sharjah Warriors. The same two teams participate in the opening fixture at the famed Sharjah Cricket Stadium on January 17.
There will be a total of 34 games — 30 in the league stage and then the four playoffs. A total of 16 games will be held in Dubai, Abu Dhabi’s Sheikh Zayed Stadium will host ten games, and the Sharjah International Stadium will host eight games. Double headers have been slotted for five days, all weekends.
The six-team competition will have all the teams — Abu Dhabi Knight Riders (Kolkata Knight Riders), Desert Vipers (Lancer Capital), Dubai Capitals (GMR), Gulf Giants (Adani Sportsline), MI Emirates (Reliance Industries), and Sharjah Warriors (Capri Global) — playing the others twice, with the top four making it to the playoffs. Thereafter, there will be an eliminator and two qualifiers — like in the IPL — to identify the two finalists.
On days with a single game, the action will start at 6 pm local time (1930 hrs IST), while the first games on days with double-headers will start at 2 pm local time (1530 hrs IST).
Speaking about the ILT20 schedule, Mubashshir Usmani, General Secretary, Emirates Cricket Board said, “This is a very exciting time for the league and, collectively, we are delighted to announce the 2023 ILT20 playing schedule. To have superstars such as Dubai Capital’s Dasun Shanaka and Abu Dhabi Knight Rider’s Andre Russell open their teams’ accounts is very exciting. We cannot wait for the teams to arrive (in early January) and battle it out on the park and provide world-class entertainment to the cricket fans here, in the UAE, and around the globe.” “It is very important for us to launch the first season in an emphatic style, and the league management is very excited to have engaged with globally recognised artists in Badshah and Jason Derulo, both of whom will undoubtedly energise the teams, and the fans leading into the opening match. We are confident that the ILT20 will be a huge success.”
With ten matches scheduled in Abu Dhabi, sixteen in Dubai and eight in Sharjah, the competition will set the UAE-cricketing stage on fire with stars such as Shimron Hetmyer, Moeen Ali, Kieron Pollard, and Wanindu Hasaranga, as well as a number of UAE’s elite playing in a total 34 matches, boasting five-weekend-day double-headers, and where the six franchises will play each other twice before the playoffs, culminating in the thrilling final in Dubai on February 12 (2023).
ILT20’s full match schedule is available online at www.ilt20.ae.
Making its debut in January (2023), the inaugural ILT20, which has received multi-year ICC approval, will be played across the UAE’s exemplary, world-class Cricket facilities in Dubai, Abu Dhabi and Sharjah. Cricket fans across the world can catch the LIVE telecast of this exciting cricket league on ZEE’s linear channels, digital platform, Zee5 as well as Zee Cinema SD, Zee Cinema HD, Zee Anmol Cinema, &Pictures HD, &Flix SD, &Flix HD, Zee Zest SD, Zee Zest HD, Zee Bangla Cinema and Zee Thirai.
Franchise teams, comprising 84 International and 24 UAE-based players, include Abu Dhabi Knight Riders (Kolkata Knight Riders), Desert Vipers (Lancer Capital), Dubai Capitals (GMR), Gulf Giants (Adani Sportsline), MI Emirates (Reliance Industries), and Sharjah Warriors (Capri Global). ILT20 news, updates and interactive chat can be found via www.ilt20.ae and @ILT20Official on facebook, twitter, instagram, tiktok, snap chat and linkedin.
Participants were trained on body posture, personal development, communication, and public speaking in preparation for the Grand Finale night…reports Asian Lite News
BeingShe organisation held the much-awaited BeingShe Universe 2022 grand finale on the 26th of November 2022 at Orange Chameleon – Palm Jumeirah. The event attracted local and international media, celebrities, fashion designers, influencers, and respectable names in the fashion industry.
Aparna Bajpai, founder of BeingShe Organisation mentioned that this edition was powered by Mai Dubai – running under the theme ‘Beauty and Fitness in Perfect Balance’.
The event was supported by B4U Tv, Gulf Business, Radio4, Channel4, Qomrah Photography, Ferns N Petals, Hunter Foods, and Chocolate Creations among other brands.
“This season we were mainly focused on physical fitness, the participants were invited for a four-day boot camp which served as the preliminary competition to determine subtitle winners,” she said.
Participants were trained on body posture, personal development, communication, and public speaking in preparation for the Grand Finale night.
More than a dozen countries — from the Philippines, Portugal, Russia, and Nigeria to Tunisia, Ghana, Argentina, Kenya, Algeria, Ukraine, Iran, and Lebanon — were represented this season. Media personality Wassim Mandil hosted the show.
A total of five contestants won subtitles based on their performance during the training sessions. Anna Barisova from Russia won the Woman of Substance, Daphine Najjuma from Uganda was named the Most Fit Personality, Tima Shaaban from Lebanon was the Most Empowered, while Najeh Thider won Best Social Media. Subsequently, award-winning pianist and singer Violetta Dikarieva from Argentina/Ukraine won the most beautiful singer title.
During the show, participants competed in three categories which included bridal couture and evening wear as they showcased designs from international fashion designer Walid Atallah and Evin while wearing exquisite jewellery from Mozafarian Jewellers. For the final round, the top ten contestants took part in an in-depth Q&A session by the jury.
Shania Rosario from Portugal took home the 2022 BeingShe Universe title while Tima Shaaban from Lebanon was crowned BeingShe Universe 2022 ambassador. Outgoing title winner Pooja Kathuria crowned her successor during the ceremony.
Kenyan-born Habiba Abdulrahman was crowned 1st runner up, Nutella from Tunisia won 2nd runner up and Planet Anyanwu representing Nigeria won the 3rd runner up position.
Highlights of the event included the crystal chandelier performance from Scream Entertainment and a well-choreographed cultural dance from Symphony Sargam. BeingShe Universe will be back for season five in 2023, interested women regardless of marital status or nationality can apply through the website www.beingshe.com
Former BeingShe Universe participants and winners have gone on to become authors, anchors, and business leaders, and they all champion social causes that are important to them through the platform BeingShe.
Danube Properties is one of the largest private real estate developers in Dubai with a portfolio 6,194 units in 14 projects, worth Dh4.5 billion. It has delivered 7 out of the 14 projects in six years. Danube Group has a team of 1,800 plus people working across strategic locations across the GCC and India. Established in the year 1993 by Founder and Chairman Rizwan Sajan, a Non-Resident Indian (NRI) entrepreneur, Danube Group has achieved US$1.3 billion (Dh5 billion) annual turnover in 2019. Despite the Covid-related issues in the market, Danube group achieved its targets. Asian Lite’s Iqbal Azeez meets Danube chief Mr Rizwan Sajan to get an update on Danube’s activities:
According to the Dubai Land Department, 2022 marked the highest volume of sales transactions so far. The demand for residential units is still growing. Is there any Supply – Demand issue in Dubai and how the Danube group is handling the surge in demands?
Yes, this year the total value of real estate transactions in Dubai is going to break all previous records in sale, re-sale and mortgage transactions after exceeding Dh300 billion for the first time in the emirate’s history in 2021. The market is very buoyant and you can feel this by the number of new property project launches that has taken place this year.
As a developer, we have launched five projects, four of which have been sold out in the first few days after launch. Earlier, we never launched more than two projects in a single year – till 2021. This tells you how the market has changed in a year’s time following the COVID-19 pandemic.
I don’t think there is any demand-supply mismatch here. The market is well supplied and people are moving in to their homes. Investors who invested in properties for rental income, are now seeing new tenants moving in their properties and they are witnessing an increase in rental returns. The vacancy rate is quite low now and you can see it from slight increase in rents. So, the market is doing well in terms of demand-supply situation.
Having said that, there is also a strong demand for offline properties as well as ready-to-move-in properties due to a number of local, regional and international factors. One of the key reasons behind this is the UAE’s effective handling of the COVID-19 pandemic that showed the country’s leadership in handling crises and pandemics, making it a safe haven for people to live in.
While other countries were grappling with the 2nd and the 3rd wave of the COVID-19 pandemic, the UAE had already created a safe haven for people by vaccinating everyone with the two mandatory doses and booster dose by 2021 – that inspired the wealthy people from other countries to relocate to Dubai temporarily to save their lives. While in Dubai, they saw the vibrancy of the emirate, especially with the pick up of economic activities at the beginning of the Expo 2020 mega event. This encouraged them to invest in Dubai and relocate their families here. As a result, they started setting up businesses and buying up properties for staying and for renting out to increase cash flow for the families.
This gave Dubai’s real estate market the biggest impetus for growth and we have seen the market returning to a strong growth trajectory in the last two years. In addition to the above factor, the Ukraine-Russia conflict encouraged lots of people to move their wealth to Dubai – which is being pumped into the emirate’s real estate market.
Currently, the real estate market is well regulated with investor protection mechanism in place. Due to strong regulatory environment, developers are also delivering their property on time and this has strengthened the investor confidence further.
I believe, this growth will continue for a while and most real estate businesses as well as property buyers and investors will benefit from the current market situation.
The UAE population is growing at a fast pace. There is a new influx of customers from Russia and Arab world. Are there any special projects to cater that market?
I think the UAE has created a number of sub-segments for all types of property buyers – local Emiratis, Arab expatriates, Europeans, Asians, Africans and others. There are projects and homes for everyone – the affordable home buyers, the luxury home buyers and the ultra-luxury home buyers – who are into the Dh100 million and above level. We have seen how some properties on the Palm Jumeirah has been snapped up by foreign ultra-high net-worth individuals and the global super-rich.
So yes, Dubai has properties and projects for every market segments – affordable, middle-income, luxury, ultra-luxury and the super-rich ones. There is room for everyone.
What is the new trend in the real estate sector in Dubai? Did you notice any visible changes comparing to pre-Covid period?
Yes. Investors are back in Dubai’s real estate in big numbers, while families with fixed income – who were priced out before – are also buying, due to the fact that there are properties catering to their needs as well. In the payment options, some developers have started to collect money through crypto-currency.
Indians constitute the major customer segment in Dubai. What are they looking for, and how the Danube group is helping them to relocate to Dubai?
Yes, Non-Resident Indians (NRIs) as well as people from India are one of the biggest buyers of properties in Dubai. We have a good number of customers from India and UAE-based NRIs buying homes from us.
As careful buyers, Indians obviously look at the best value for money, convenience, location, flexible payment options as well as the best utilization of space. We are the best in all these areas – so they find our properties the best and more pocket-friendly. Besides, our 1 percent monthly payment scheme is a trend-setter in the market and helps them a lot.
How was your business in 2022 and what is the agenda for 2023? How many new projects and their unique features?
As mentioned earlier, the business in 2022 has been great and we expect the current trend to continue in 2023 as well. We are planning to launch more projects next year. However, as a responsible and credible developer, we will assess the market situation before every launch. If market could absorb more, we will launch more projects next year.
The new features that we are adding to our new homes is built-in swimming pools as well as adding open spaces for the home-owner to create office space inside the house.
Following COVID-19 pandemic, we have seen a new trend of professionals working from home. Companies are allowing employees to work from home. So, home-owners might need co-working space at home to carry out office work from home. This trend will continue for a long time. So, we are adjusting our designs to create those spaces – both swimming pool built-in homes and office space.
The idea is, if you work from home, you will save time in commuting and might have more time to work out and swim as well.
What is the advantage of investing in the property sector in Dubai?
The advantages of investing in Dubai’s property sector are multiple. In fact, it is one of the most lucrative investment vehicles that offers the best return on investment. Most investors with deep pockets want to invest in safe instruments with high return on investment. Dubai’s real estate offers one of the best returns.
Stock, bond, mutual funds, bank deposit or bank investment products, commodities and real estate are among the most popular investment options. Investment in stocks comes with risk. Although bonds and mutual funds are safe, they offer lower returns. Gold and commodities are good investment, but again comes with risk.
Savings and investment products offered by commercial banks do not fetch much returns, although there are high-risk high-gain products, where investors could lose or gain money depending on where the bank invests the money.
Investment in real estate is asset-based investment where the investor couldn’t go wrong as the assets give fixed rental returns and the value of the property would appreciate. However, in Dubai’s real estate, return comes in higher rate, in addition to the appreciation of the property.
Let’s take the current market scenario and how investment would fetch returns. For an off-plan two-bedroom apartment, let’s say the buyer invests Dh1 million on a 60:40 payment plan with 60 percent payment on handover. So, the buyer is getting the apartment delivered after paying Dh600,000.
Once put in rental market, the property could easily fetch Dh60,000 a year – which means, the real return on the first year is 10 percent, when calculated on the amount invested. If the buyer is smart in negotiating the payment, he might be able to pay the rest Dh400,000 from the rental income in less than 7 years.
Then he can look at earning cash return for the rest of his life. Whenever he wants to sell the property, he could secure a 20-50 percent premium depending on the market situation at that point of time.
So, investment in Dubai’s real estate is the safest and best bet, from a return-on-investment perspective.
What is the advice to the younger generation to step into the housing ladder?
Do your homework before putting your money in. Due diligence is critical. Even in Dubai’s real estate market, your investment could be stuck for years – if the developer of the project lacks credibility. There are many developers, who could not deliver homes even after collecting installments regularly – creating more legal cases.
Developer’s credibility is crucial. One has to see the developer’s track record in delivering homes at the right time. This is crucial.
Adel Al-Suwaidi, Director, and Technical Support Department, delivered a presentation on integrating the deterrence drone with the Siyaj border control system….reports Asian Lite News
Dubai Customs topped the IdeasUK Platinum Index with full score for the third year in a row surpassing several local and international organizations participating in the conference this year.
Dubai Customs also won the best innovation award for its Smart Customs Deterrence Drone, and the second best idea of the year. The Government Department was able to go far with its First Innovation League, reaching a high level of global distinction, surpassing 33 different organizations, which urged leading British establishments to adopt the initiative.
Taking part in international awards and contests would motivate Dubai Customs employees to be part of the innovation process in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.
“Our incessant efforts to enhance creativity has been fruitful and winning these three renowned awards reflected the great performance and hard work we invested to turn innovation into a daily practice in Dubai Customs,” said Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation. “Every idea is important, and we take the employees’ creative ideas seriously and develop them into successful projects as part of our mission to facilitate trade and secure the borders.”
Hussain Al Fardan, Head of Innovation Center, Board Member Ideas UK, said; “Dubai Customs continues its successes and distinguished achievements owing to hard work, dedication and good governance. We have developed ideas and qualified them to be used effectively in our workplace. The IdeasUK is a non-profit organization and for over 30 years, the organization has been at the forefront of employee innovation and engagement. This is why winning their awards is a great achievement for us.”
Adel Al-Suwaidi, Director, and Technical Support Department, delivered a presentation on integrating the deterrence drone with the Siyaj border control system. He said; “we have integrated our smart deterrence drone with the Siyaj border control system efficiently to enhance the performance of protection and control process as part of our mission to protect the society from the hazards of illegitimate trade.” Khalid Al Zarouni, Innovation Specialist, Dubai Customs Innovation Center, presented the process of evaluating innovations in Dubai Customs.
Muhammad Hafiz was accused of cheating his father-in-law of around Rs 107 crore and at least 1,000 sovereigns of gold jewellery gifted to his daughter. He was also accused of forging documents in the name of Mangal Prabhat Lodha, Maharashtra’s Minister of Tourism, in pretext of a fake business deal
Dubai-based NRI businessman Abdul Lahir Hassan lodged a complaint at Aluva Police Station in Kerala against his son-in-law for allegedly cheating him around Rs 107 crore and at least 1,000 sovereigns of gold jewellery gifted to his daughter.
As per the complaint, the accused Muhammad Hafeez a.k.a Hafeez Kudroli, a native of Kasaragod, cheated the money from Mr Hassan under various pretexts between August 2019 and November 2020. The accused also managed to obtain the ownership of some properties of the businessman in this period.
He lodged the complaint at the Aluva East Police Station on August 21. It was too late when Mr Hassan found out about the real face of his son-in-law.
As the amount involved is over ₹ 100 crore and with the accused still at large and reportedly in Goa, the investigation of the case was handed over to the Crime Branch wing of Kerala police on Thursday, November 24, news agency PTI reported.
Meanwhile, Mr Hassan, told a TV channel that Aluva police allegedly failed to arrest the accused or even call him for questioning and they also could not recover from him the ₹ 1.5 crore worth car given for his use.
The alleged cheating started with Mr Hassan’s son-in-law asking for around Rs 4 crore to pay the fine imposed on the latter after a central agency raid.
The accused also used a forged Income Tax notice to embezzle money from his father-in-law.
As per the complaint, he even forged documents in the name of Mangal Prabhat Lodha, Maharashtra’s Minister of Tourism, in pretext of a fake business deal with realty major Lodha Group, Mr Hassan told the channel.
Thereafter, under various pretexts, like for buying land or opening a footwear showroom, his son-in-law managed to obtain over ₹ 92 crore from him.
According to police, the accused did not do it all alone and had an accomplice, Akshay Thomas Vaidyan. Mr Hassan has named both of them in the complaint to the police, the officer said.
The purchase of two LR1 tankers, named TTC Vidyut and TTC Shakti, marks a new era in the 46 year history of the Group….reports Asian Lite News
Transworld Group Dubai taking a bold step to diversify away from its traditional business of feeder containerships and subsequent participation in the dry bulk segment has now ventured into the liquid bulk segment with purchase of 2 vessels of 74k DWT flying the Panama flag.
The purchase of two LR1 tankers, named TTC Vidyut and TTC Shakti, marks a new era in the 46 year history of the Group. The tankers which are trading in clean petroleum products will be employed on worldwide trades. The current strategy of the company is to focus East of Suez so the vessels will fix their initial voyages in the East, however long-haul moves to the West will be targeted basis market requirements.
Long Range (LR) class ships are the most common in the global tanker fleet, as they are used to carry both refined products and crude oil. These ships can access most large ports that ship crude oil and petroleum products. An LR1 tanker, meaning a Long Range tanker of about Panamax size, is capable of loading 55,000 mt of naphtha or 60,000-65,000 mt of distillates.
Mr. Ramesh Ramakrishnan, Chairman of the Transworld Group speaking on the occasion said “The acquisition of 2 Tanker Vessels is a testimony of our faith in the markets, our people, and our ability to grow and foray into new frontiers in the Shipping & Logistics Industry. This is a momentous milestone in the history of Transworld Group.”
The Group has decided to appoint the Navig8 Pool to manage the chartering activities for TTC Vidyut and TTC Shakti and vessels will be entered in the LR8 Pool which operates 14 tankers. This makes Navig8 one of the leading Pools for LR tankers in today’s market.
The vessels will be employed with a mixture of the large Trading Houses and Oil Majors.
The Transworld Group also owns a fleet of 25 vessels in the container and dry bulk segment under the Orient Express Lines (OEL) and Shreyas Shipping Limited (SSL) brands. The company’s handy size bulk carriers operate under the Transworld Bulk Carriers (TBC) brand.
Established in 1977 and headquartered in UAE, today Transworld Group’s activities go far beyond those in container feeders, dry bulk and liquid bulk with 40 offices around the globe being involved in all kinds of maritime and logistics services.
Transworld Group is a Global Shipping & Logistics Solution conglomerate, operating through the strong network of more than 40 own offices worldwide, with over 1000+ experienced professionals. Established in 1977 and headquartered in the Jebel Ali Free Zone (Dubai, UAE), with its global offices combined with strong network partners around the world, Transworld offers a one-stop solution with over four decades of expertise to all its customers for their Shipping & Logistics needs. The activities of the group include Ship Owning & Management (Container, MPP, Bulk Carriers & Tankers), Supply Chain Management, Warehousing, Road Transportation, Air Freight, Freight Forwarding, Feeder Services, Liner and Shipping Agencies (Container, Bulk, Tankers, Break Bulk, Project Cargo etc.).