Mugabe backed Dubai has failed, minister

Mugabe backed Dubai has failed, minister:



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Partnership sealed in diamonds ...
President Mugabe with Dubai Multi-Commodities
Centre chairman, Ahmed Bin Sulayem

A CABINET minister has said the Dubai Diamond Exchange (DDE) has failed to be a trustworthy market for Zimbabwean diamonds after delaying to remit proceeds from a March sale.



Early last month President Robert Mugabe, accompanied by his wife Grace, travelled to the United Arab Emirates and visited the Dubai Exchange as the government sought new markets for the country’s diamonds.



Speaking during the visit, Mugabe was full of praise for DDE, saying: “It is encouraging to see how Dubai has developed tailor-made strategies to an industry which was new to them only 12 years ago."



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