7StarsDubai

Dubai UAE News from the Press Property Market Disaster and More

  • Dubai 7 Stars
  • May 2008
    M T W T F S S
     1234
    567891011
    12131415161718
    19202122232425
    262728293031  
  • Middle East Unrest Update

  • Talk of the Town

    Jo Hopworth on Justice For Natalie – Na…
    Mariam on Criminal Complaint filed in Ge…
    Martin Kraeter on ACI Dubai Funds filed bankrupt…
    Independent Observer on Iranian’s lawsuit reveals roya…
    Rado on DubaiTouristen landen schnell…
    Dubai Citizen on Al Fajer Properties Case…
    Dane on Outlook in concrete- Dubai Wor…
    jamesl fayad on RERA Dubai – Dubai Prope…
    Jacques on Malika Karoum finally arrested…
    James Brown on ACI – Alternative Capita…
    Journalist on Al Fajer Properties-500 Invest…
    ron oakeley on ACI – Alternative Capita…
    Benson Fu on Shahram Zadeh against Al Fajer…
    Monika on RERA – Dubai mulls cance…
    Ali Varahram on Shahram Zadeh against Al Fajer…
  • Top Rated Comments

  • Top Posts

  • RSS Dubai United Arab Emirates Property Real Estate Debt Fraud Developer Investor Court News

    • Criminal Complaint filed against Al Fajer Properties Sheikh Maktoum
      Criminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum Juma Al Maktoum CEO of Dubai Developer Al Fajer Properties The Dubai Sheikh who mislead and extort a German Couple  Germany – Dubai 2011 A German elderly couple , today 80 + 50 years old who have been Dubai Tourists since a decade, bought in 2005 an apartment at Nakheel´s Dubai Residen […]
    • UAE: Human Rights Blogger, Sorbonne Lecturer Charged With ‘Humiliating' Officials
      source Human Rights Watch www.hrw.org (Beirut) - The United Arab Emirates attorney general should immediately drop all charges against five pro-democracy activists to halt their trial, Human Rights Watch said today. The charges of "humiliating" top officials relate solely to the defendants' peaceful use of speech to criticize the UAE governmen […]
    • Nakheel Dubai Sunland Case
      June 5, 2011After 21 hearings, Chris O'Donnell, the Australian chief executive of Dubai's major developer, Nakheel, came to the defence of his former colleagues Matthew Joyce and Marcus Lee. Mr Joyce and Mr Lee are accused of profiting from the sale of land that had been earmarked for a colossal high-rise development, which was to include the futur […]
    • Dubai Nakheel CEO decided to leave the company
      Dubai June 7, 2011 Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added. O'Donnell has overseen a traumatic time […]
    • Owner of Dubai Developer Damac Hussain Sajwani files case against Egypt corruption ruling
      Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute and the conviction of its chairman and owner, Hussain Sajwani.A Cairo court last week sentenced Sajwani in his absence to jail and ordered him to pay a $40.5 million fine in connection with his 2006 purchase of land at Egypt's […]
    • Dubai Palm Jumeriah - Investors plan to take legal action
      Investors in Dubai Palm Jumeirah’s Golden Mile complex will this week serve the developer behind the project with a legal ultimatum to hand over their units or issue them with a refund.Up to ten investors in the luxury complex plan to issue Souq Residences with legal notice in a bid to force a resolution to a dispute that has been ongoing for more than a yea […]
  • Top Rated Posts

    • 490,647 visitors 2010
  • Disclaimer 7 Stars Dubai

    This Website of the Blog 7starsdubai.wordpress.com and 7starsdubai.com content still existing media releases and comments from reputated press and websites only. The content of this Website focus to consumer protection for Investors of the Dubai Property market, the UAE and the Middle East. Press Article from the international Press who report about Fraud in relation with Property Investment and Real Estate Developer Investor Disputes in Dubai and the UAE as well reports from the Press about other criiminal acts and Civil Real Estate cases, Lawsuits before the Court in Dubai, the UAE or other countries. Furtheron we show reports about consumer protection and human rights in the Middle East. Actual Topics about the Unrest in Middle East. The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this site does not constitute advice or a recommendation by us.Communications and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Web site. We can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on this Web site nor do opinions of contributors necessarily reflect those of us.In no event shall we be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to this Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise. Comment Rules: Although the administrators and moderators of 7starsdubai.com will attempt to keep all objectionable comments off this Blog, it is impossible for us to review all comments . All messages express the views of the author, and neither the owners of this Blog, nor the administrator of this Blog will be held responsible for the content of any message, comment. By agreeing to these rules, you warrant that you will not post any messages that are obscene, vulgar, hateful, threatening, or otherwise violative of any laws. The adminstrator of this Blog reserve the right to remove, edit, move or close any comment (message) for any reason This Blog content still existing media releases and comments from websites only. The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this site does not constitute advice or a recommendation by us.Communications and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Blog. We can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on this Web site nor do opinions of contributors necessarily reflect those of us.In no event shall we be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to this Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise. Copyright: The copyright to the text of the blog is held by the author or link as source provided, where applicable. All images displayed are copyright their respective owners and are used either under licence or under the fair use provisions of international copyright law. The information contained in this Web site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this site. Accordingly, the information on this site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. Before making any decision or taking any action, you should consult the administrator of this website. While we have made every attempt to ensure that the information contained in this site has been obtained from reliable sources, 7starsdubai.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this site is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will 7starsdubai its related partnerships or corporations, or the partners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this site or for any consequential, special or similar damages, even if advised of the possibility of such damages. Certain links in the Web site connect to other sites maintained by third parties that may or may not be presented within a frame on the Web site. 7starsdubai.com has not verified the contents of such third party sites and does not endorse, warrant, promote or recommend any services or products, that may be provided or accessed through them or any person or body which may provide them. 7starsdubai.com has not issued or caused to be issued any advertisements which may appear on these Web sites. We do not review, monitor or endorse any third party web sites linked to Our Site and We are not responsible for the content of any web site linked to Our Site. Your access to any web site that links to Our Site is at your sole risk. We are not responsible for the information, material, products, or services contained on or accessible through such other web sites and will not be liable for any form of loss or damage arising as a result of or in connection with your visits to such web sites. Any links to other web sites are provided merely for the convenience of the users of this Site and the inclusion of these links does not imply an endorsement of the linked web sites or the content therein. In addition, you agree not to link your web site or any other third party web site to Our Site or frame Our Site as part of any other web site without Our express prior written consent. We reserve the right, at any time and for any reason not prohibited by law, to deny permission to anyone to link a web site to, or frame, Our Site. We reserve the right to withdraw Our consent at any time to a link to, or framing of, Our Site at Our sole discretion without notice. Your use of this Site and the operation of these Terms and Conditions shall be governed by and construed in accordance with the laws and regulations of and applicable in Germany You agree, acknowledge, and submit to the Court in Germany having non-exclusive jurisdiction over all and any dispute or difference between us arising out of or in connection with this Agreement. Please review these Terms and Conditions carefully before using this Site. Your use of this Site indicates your irrevocable agreement to be bound by these Terms and Conditions (as may be amended by Us from time to time). If you do not agree to be bound by these Terms and Conditions please stop accessing and using this Site immediately. Warning: We are aware that several times Cybercriminals mirrowed our Website and posted on several Forums, Website comments by misuse of our email adresses. These Cybercriminals registerd several similar looking Domains and installed several 1:1 mirrowed Websites which look like our Website 7starsdubai. We have already taken the necessary steps by filing criminal complaints against the Individuals behind this Identity theft an Cybercrime, by misusing fraudulently our Blog Identity 7starsdubai. In Search engines like Google, Yahoo, Bling and others you should always take a close view to the links. If this links do not originaly start with www.7starsdubai.com or http://7starsdubai.worpress.com/.... you will end on a faked mirrowed modificated Website. The genral Background of this Cybercriminals is a Stalking and Smear campaign, faking stories for their personal use, to discriminate Persons with the goal to destroy their reputation.
  • RSS ZDF Heute Germany

    • An error has occurred; the feed is probably down. Try again later.

Archive for May 24th, 2008

Interpol – UAE ADCB Banker Wanted

Posted by 7starsdubai on May 24, 2008


original published 7days.ae

An Interpol arrest warrant has been issued for the chief executive of Abu Dhabi Commercial Bank. “This is a personal matter linked to his personal divorce case and is not linked in any way to the bank’s activities,” the bank said in a statement. The capital’s third-largest bank said it supported Eirvin Knox, a 59-year-old American, who has headed ADCB since 2003.

The warrant was issued in the Philippines, where Knox once worked as the head of a major bank, and relates to “a violation of an early 2004 (Philippine) act pertaining to violence against women and their children,” Interpol sources said. The Interpol warrant is classified as a “red notice” which seeks the arrest of a wanted person with a view to extradition, they said.“He was married to a Filipina and she is a very well connected person,” a senior official at ADCB said. ADCB said Abu Dhabi courts had already ruled in favour of Knox and the “current matter is linked to the implementation of a sentence between him and his divorcee”.Knox did not respond immediately to calls for comment. The UAE Interior Ministry and police officials declined to comment. Knox joined ADCB having come from Ahli Bank of Kuwait, according to a biography on the Global Real Estate web site. He was a country chief executive for 24 years with Standard Chartered Bank and Continental Bank of Chicago, having started his career in the United States with earlier assignments including Wells Fargo Bank and Continental Bank, the web site said.According to World Trade Markets country guide, which contains information provided by the US Department of Commerce, Knox was previously the chief executive of Standard Chartered in the Philippines. Since joining the bank in 2003, Knox has overseen a near 400 per cent growth in net profit to dhs1.98 billion ($539 million) last year from 405 million in 2003.
___________________
ADCB stands by chief as Interpol issues warrant
The warrant, which was issued by Interpol’s Manila branch in the Philippines, accuses Knox of committing “crimes against life and health.”
The warrant was followed immediately by an official statement by ADCB, which denied that the offences are related to any banking activities, and emphasising its support for the chief executive.
Personal matter
“This is a personal issue not related to the bank’s business. The bank and its executive management confirm their full support and ratification of all the CEO’s actions,” the bank’s statement said.
“The issuance of an Interpol Red Notice against the CEO is just a personal issue regarding a matrimonial matter and has nothing to do with the bank’s business,” the statement further explained.
It also said the marital proceedings filed and examined before the UAE courts of law were resolved in favour of Knox and that the court decision is pending execution.
“Everything is possible in the Philippines, especially if you are well connected, and it seems that the financial settlement for the divorce set by the UAE courts did not appeal to the lady who seeks to pressure Knox for getting more out of him,” a top ADCB executive said.
“Interpol’s branch in the UAE respects the court’s decisions in this respect, and accordingly it did not contact the chief executive,” another ADCB official told Gulf News.
original punlished GulfNews.com
By Ahmed A. Elewa
© Gulf News 2008

Posted in Dubai, Vereinigte Arabische Emirate | Tagged: , , | Comments Off on Interpol – UAE ADCB Banker Wanted

Launched 2005 – Now on Hold – Tameer Al Salam City Umm Al Quwain

Posted by 7starsdubai on May 24, 2008


original source EmiratesBusiness 24-7

22 May 2008

Investors in Tameer’s Al Salam City are being informed the project is on hold and allowed to withdraw their money or roll it over into another project, according to a company official.

“To our knowledge the project is not cancelled.”
We are experiencing delays because of lack of water and power supplies.
We are suggesting options only to those who are impatient and want their money back,” said Khurram Rahman, who heads the customer care section at Tameer.
The Al Salam City project has not been cancelled.
The first cluster was expected to be ready in 2009 followed by others in the coming years.
But because of lack of water and power there is a major delay.”And a Tameer sales agent said uncertainty surrounds the development in Umm Al Quwain, which had been designed to house up to half a million residents.”
About 70 per cent of the project has been sold.
Some customers who have already bought are willing to wait to see what happens, but the government is not giving us any answers.
Meanwhile, Tameer is offering one of three options to dissatisfied customers who invested in Al Salam City.
– They can get a full refund,
– roll over their investment into Al Arjan, a residential project in Dubai, with a 20 per cent discount,
– or roll over their investment into any other project with a three per cent discount.
However, one investor in Al Salam City, who did not want to reveal his identity, said prices have gone up so much that he can no longer afford a comparable two-bedroom townhouse in another Tameer project.
He said two years ago he paid Dh550 per square foot for a townhouse in Al Salam City, but if he took his money out he would be asked to pay Dh1,200 to Dh1,500 per sq ft for a townhouse in Al Arjan.
In January, the Middle East Economic Digest (Meed) reported a long-awaited agreement had been signed to hand responsibility for power generation in the Northern Emirates to Abu Dhabi. Under the deal, the five northern emirates will depend on the Abu Dhabi Water and Electricity Authority (Adwea) for power. In future, the Federal Electricity and Water Authority (Fewa) could provide Adwea with land to develop new plants in the north.The memorandum of understanding between Adwea and Fewa would be followed by a power purchasing agreement under which Adwea will supply the northern emirates with 2,500MW of power up to 2015, Meed said.Water supply for new developments in UAQ has also been set back as a $545 million (Dh2 billion) desalination project, which was expected to become operational by the first quarter of 2008, has yet to break ground and no contractor has been selected for the project. In 2006, Imdad – a joint venture between Saudi-based Al Rajhi Investment Group and the Government of Umm Al Quwain – first announced the desalination project to produce and distribute water to the emirate, including upcoming developments, and to export water to other countries.
Eight companies submitted tenders for the contract to build the plant, but so far no tenders have been issued. Meed quoted a source close to the project as saying:
“The Imdad project has been cancelled… I understand it is because of problems between the two parties [Al Rajhi and the Umm Al Quwain Government] within the client. As a result, there has been little activity since bids were submitted by contractors in 2007.”
Umm Al Quwain property law
Law No3 of 2006 provides that freehold title may only be granted to UAE and Gulf Co-operation Council nationals and public joint stock companies in Umm Al Quwain.
The law further provides that non-UAE nationals may own floors (excluding the land) of buildings situated in any of the investment zones. The law also permits non-UAE nationals a right to a 99-year usufruct (similar to a lease) or a 50-year right of musataha (right to build) in respect of land situated within the investments zones.
Given increasing overseas interest in investment in the UAE, it is expected the laws that regulate real estate will continue to be refined in the future, Clyde & Company, an international law firm, said recently.
It is not simply the opportunities for investment return that has made freehold property ownership a sought after commodity, but also a general willingness of those non-UAE nationals living and working in the UAE to obtain the same type of property ownership rights that they would perhaps major projectsexpect to be available in their home countries. There are also the obvious inheritance advantages that come with a freehold title, the firm said.

Posted in Dubai, Tameer Al Salam City Umm Al Quwain, Vereinigte Arabische Emirate | Tagged: , | Comments Off on Launched 2005 – Now on Hold – Tameer Al Salam City Umm Al Quwain

Why Hotel Staff need a few tips

Posted by 7starsdubai on May 24, 2008


http://www.7days.ae/showstory.php?id=72714
original published 7 days.ae

If you’ve ever had a bad experience at a hotel, you may well have grabbed the survey form carefully placed between a postcard and an envelope that wouldn’t stick if Lassie licked it for a week. You’ll show them for not putting a chocolate on your pillow, as with pen in hand you viciously scribble sarcastic remarks in the margin.

Don’t be surprised if you still feel uptight once you’ve filled in the form – because the questions are so benign:
Do you like our hotel a little or a lot?
Do you like your tea in a cup or in your lap?

What about how I hate this hotel for not putting a chocolate on my pillow? I’ve been travelling forever, I haven’t slept properly for days and I’ve had enough with hotels not getting it right.
It is time those ridiculous hotel survey forms became more realistic – now!

1) Would you like a free glass of cheap orange juice and a 30-minute wait because the 42 emails sent months in advance were ignored OR a quick stress-free check-in that got you to your room with a minimum of fuss?

2) Would you like a buffet breakfast that partially caters to your taste, where all the food is old and tired because it’s been kept hot for hours on end OR would you like your hot breakfast food cooked to order, sizzling, fresh and the way you like it?

3) Would you like tea or coffee from a server whose idea of fresh would make an embalmer blush OR would you like genuinely fresh beverages made the old-fashioned way and delivered to your table with flair?

4) Do you want internet or telephone services harder to fathom than the layout of a QWERTY keyboard and more expensive than marrying Heather Mills OR cost-efficient systems designed for a fair price and ease of use?

5) Would you like your cutlery, crockery and unfinished food cleared away because you paused a second too long while eating, even though you are not finished, OR would you like your table cleared once everyone has finished or when you request it as is standard in all good establishments (regardless of any amount of uneducated customers’ requests in the past)?

6) Around the pool, would you like there to be a realistic ratio of sunbeds to guests OR would you rather spend 45 minutes of the hour you were going to spend around the pool searching for the one rickety sun bed in the whole area for your family of four to share?

7) Would you rather have staff who chant simple mantras like ‘Good morning’ or ‘Hello’ every few minutes without any thought because they’d been told to do so OR have well-trained staff who anticipate your needs and have the ability to problem solve effectively with a minimum of fuss?

8) Would you like staff to ignore your ‘Do not disturb’ sign OR would you rather have staff respect your privacy?

9) Would you like staff who ‘yes’ you to death OR staff who listen attentively and ask you to explain if they don’t understand something?

10) Would you unequivocally recommend such a hotel to all your friends and praise it to everyone you meet OR realise that you were simply having a dream, that you are laying on the chocolate meant for your pillow and you are just having a bad day?

Greg Hunt is an author, journalist and occasional insomniac. Email him at: lockmanhunt@gmail.com

Posted in Dubai, Vereinigte Arabische Emirate | Tagged: , | Comments Off on Why Hotel Staff need a few tips

 
%d bloggers like this: