Media reports had suggested the trip would begin as soon as Sunday and last two days
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
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles