"Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said on Saturday.
The Qatar sovereign fund is "carefully looking at" Versace, the Italian daily said, citing financial sources.
The paper cited market rumours as saying the fund was flanked by FSI, the Italian strategic investment fund owned by state financing company Cassa Depositi e Prestiti."
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Sunday, May 19, 2013
UAE trade surplus to hit $ 90.7 billion | ArabNews
"The UAE economy growth is expected to lower to 3.9 percent in 2012 after a solid 2011, when the GDP expanded 5.2 percent led by high oil prices and a 10.2 percent increase in oil production, according to a review of the UAE economy by Global Investment House.
Even as growth in oil sector is expected to slow down in 2012, the nonoil sector has continued its resurgence witnessing a 3.5 percent growth, on the strength of its services sector, manufacturing, utilities, and the recovering construction sector.
The economy is expected to grow 3.1 percent in 2013, led by nonoil sectors that would continue to see massive infrastructure spending, primarily in Abu Dhabi and Dubai."
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Even as growth in oil sector is expected to slow down in 2012, the nonoil sector has continued its resurgence witnessing a 3.5 percent growth, on the strength of its services sector, manufacturing, utilities, and the recovering construction sector.
The economy is expected to grow 3.1 percent in 2013, led by nonoil sectors that would continue to see massive infrastructure spending, primarily in Abu Dhabi and Dubai."
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Vow to tidy up UAE's exchange industry - The National
"Executives within the currency exchange industry and officials at the Central Bank are keen to bolster standards in the UAE to avoid the risk of a repeat of recent "major regulatory violations" and help restore customer faith in the sector.
In the case of one firm found to be in violation, Mark Denis D'souza first knew something was wrong when his staff contacted him to tell him they hadn't been paid their wages.
His investigation soon found the source of the problem lay with the currency exchange house his firm, Fortuna Engineering, used to distribute the wages.
"
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In the case of one firm found to be in violation, Mark Denis D'souza first knew something was wrong when his staff contacted him to tell him they hadn't been paid their wages.
His investigation soon found the source of the problem lay with the currency exchange house his firm, Fortuna Engineering, used to distribute the wages.
"
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Dubai targets financial crimes - Khaleej Times
"Financial crime that was detected in Dubai topped Dh200 million during last year and the first quarter of this year, according to Dubai Police’s General Department of Anti-Economic crime.
Department Director Major Salah Bu Osaiba said the police had arrested 371 suspects for involvement in those crimes — which relate to selling thousands of fake electronics and counterfeit products, using forged credit cards and money multiplication — with 130 cases coming in the first quarter of this year alone.
The General Department of Criminal Investigation Director Brigadier Khalil Ibrahim Al Mansouri said the economic department was providing protection to trademark owners who chose Dubai to be their regional hub, while the police were exerting tireless efforts to help companies which were harmed by the sale of counterfeit products. Damage came in terms of lost sales and damaged company reputations, he said."
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Department Director Major Salah Bu Osaiba said the police had arrested 371 suspects for involvement in those crimes — which relate to selling thousands of fake electronics and counterfeit products, using forged credit cards and money multiplication — with 130 cases coming in the first quarter of this year alone.
The General Department of Criminal Investigation Director Brigadier Khalil Ibrahim Al Mansouri said the economic department was providing protection to trademark owners who chose Dubai to be their regional hub, while the police were exerting tireless efforts to help companies which were harmed by the sale of counterfeit products. Damage came in terms of lost sales and damaged company reputations, he said."
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