They slipped more than one per cent on Monday as investors scaled back on safe-haven trading in favour of riskier assets
Abu Dhabi Police have arrested 159 beggars in the emirate, from November 6 to December 12 this year.
A senior official said that when interrogated, they admitted that they were brought to the UAE by some gangs.
"The gangs provide them visas, air ticket and even give them accommodation. But those who are 'in the field' will have to give whatever they earn to the gang. The beggars will get a mere 10 per cent of their earnings," the officer said.
The police have started intensified inspection campaigns after receiving complaints about beggars pestering residents with their sad stories. "With the UAE experiencing cooler weather, the number of beggars is high as they can easily walk around."
According to the police investigation, most of the beggars are brought into the UAE by Arab and Asian gangs.
"The gangs exploit the philanthropic attitude and generosity of the people of the UAE to make easy money by using poor people of some Asian and Arab countries," he said.
The official urged people not to sympathise with the beggars' stories or give money to them. He called on the public to cooperate with the police and report any begging activities by dialling 999.
"Those who are in real need of help can approach registered charity organisations," he added.
ALSO READ:
They slipped more than one per cent on Monday as investors scaled back on safe-haven trading in favour of riskier assets
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 102.59
The helium-inflated balloon that soars up to 300 metres will be open to public from March 31
Sustainable development and climate action are integral parts of UAE's strategy to achieve continued economic and social growth, says Sheikh Mohamed
Over 380 guests attend function organised at Park Hyatt Dubai by UK-based non-profit organisation that is providing health services to those in need in Pakistan
We look forward to bringing the world together in the UAE to discuss how we can join hands to protect our planet, says Dubai Ruler
The guest list also included ministers, members of the Executive Council of Abu Dhabi and high-ranking officials
All proceeds from the initiative to go towards supporting Al Jalila Foundation's healthcare programmes