In splitting the prize money among 11 people, there would be some maths involved because some pitched in Dh50, others Dh100, and a few gave Dh200
Dash, who launched a successful business in the period immediately after the global financial crisis of 2008, urged the government not to compromise over the business-friendly environment which it developed over a period of time.
Dash, who is member of several boards, said Dubai has one of the best competitive economies in the world, but it needs to revisit the role of corporate regulators to safeguard the interests of businesses to retain investor confidence in the system.
With reference to the investigation by Dubai Financial Services Authority (DFSA) of Al Masah Capital Management Limited and also of its parent company Al Masah Capital Limited, he said the businesses had all the relevant checks and balances which are appropriate for compliance and that Al Masah Capital has complied with all regulations and is cooperating with the authorities. He stated that in fact it was open to the DFSA to require the company to make changes if they felt that business was not conducted in accordance with the approvals. Even now, the business have not been shut down which indicates that they are not a detriment to DIFC or its users.
Dash said he is determined to continue to invest in the UAE market despite all the challenges that caused some inconvenience to the progressive growth chart of the business.
- muzaffarrizvi@khaleejtimes.com
In splitting the prize money among 11 people, there would be some maths involved because some pitched in Dh50, others Dh100, and a few gave Dh200
The violations were recorded over the past three months
The leader said that every country has the right to defend itself from aggressors
The fair catered to students aspiring for admissions and scholarships to some of the world’s leading universities
The move paving the way for sustainability in luxury industry
The capital is set to host a meeting of the Shanghai Co-operation Organisation (SCO) on October 15 and October 16
The decision was issued after the eatery was found violating Law No. (2) of 2008 regarding food in the Emirate of Abu Dhabi and its associated legislation
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