7StarsDubai

Dubai UAE News from the Press Property Market Disaster and More

  • October 2008
    M T W T F S S
    « Sep   Nov »
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
  • 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

    • 462,319 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

    • Untitled
    • EZB: Geld bleibt länger billig
      AnleihekaufpogrammEs bleibt beim billigen Geld: Die Europäische Zentralbank verlängert ihr Anleihen-Kaufprogramm zur Stützung der Konjunktur bis Ende 2017. Allerdings treten die Währungshüter etwas  auf die Bremse. Ab April sollen monatlich 60 Milliarden statt bisher 80 Milliarden Euro in den Markt gepumpt werden.Video EZB: Mehr Geld für die Wirtschaft Video […]
    • Abgasskandal: EU-Verfahren gegen Deutschland
      UmweltschutzDie EU-Kommission hat wegen des Abgasskandals um Volkswagen und weitere Autobauer ein Vertragsverletzungsverfahren gegen Deutschland eingeleitet. Grund dafür sei, dass die Bundesrepublik entgegen nationalem Recht die Automobilhersteller nicht mit Strafen belegt habe, erklärte die Brüsseler Behörde.Video VW streicht 30.000 JobsVideo Die Politik un […]
    • Steinmeier kritisiert Akteure im Ukraine-Konflikt
      OSZE-Treffen Außenminister Steinmeier hat den Konfliktparteien im Ukraine-Konflikt mangelnden Willen zu Fortschritten im Friedensprozess vorgeworfen. "Keine Organisation wird einen Waffenstillstand erzwingen können, wenn der politische Wille fehlt", so Steinmeier in seiner Eröffnungsrede des OSZE-Ministerrats in Hamburg.Video OSZE und die Ostukrain […]
    • Was ist die OSZE?
      StichwortIn Hamburg tagt der Gipfel der Organisation für Sicherheit und Zusammenarbeit in Europa: 50 Außenminister kommen zusammen. Aber was genau ist die OSZE? (Video)
    • Assads Truppen auf dem Vormarsch
      SyrienIn den Regierungsgebieten Syriens keimt durch die Erfolge der Assad-Truppen in Aleppo die Hoffnung auf ein baldiges Ende des Bürgerkriegs auf. Doch der syrische Präsident lehnt eine Waffenruhe für die umkämpfte Stadt ab und macht klar: Der Kampf wird weitergehen.Video Altstadt in Regierungshand?Video Gespräch mit Uli GackVideo UN-Resolution gescheitert […]
    • Brexit: Vieles offen, alles drin
      GroßbritannienDer Brexit ist beschlossene Sache - wie er abläuft, allerdings nicht. In Großbritannien entscheidet zunächst das höchste Gericht, ob das Parlament der EU-Austrittserklärung zustimmen muss. Selbst bei einem Nein haben die Abgeordneten noch Einfluss auf den Brexit.Video Angst vor dem BrexitVideo Wie weiter mit der EU?Video Populismus in Europa […]
    • Das rot-rot-grüne Experiment beginnt
      Neue Regierung für BerlinDas Ringen war zäh. Nach sechs Wochen stand der Koalitionsvertrag, und nicht alle Koalitionäre - vier Stimmen aus dem eigenen Lager fehlten - votierten für Regierungschef Müller. Rot-Rot-Grün hat sich viel vorgenommen in Berlin. Grüne und Linke haben Grund zur Freude - in der SPD rumort es.Video Rot-Rot-Grün in BerlinVideo Politologe […]
    • Bund-Länder-Treffen: Viele Baustellen
      FinanzbeziehungenEs geht um Geld und Einfluss auf dem Bund-Länder-Treffen in Berlin: Mehr Milliarden als bisher sollen die Länder ab 2020 vom Bund bekommen. Dafür pocht die Regierung auf mehr Kompetenzen für den Bund. Viele Details sind noch umstritten - darunter die geplante Autobahn-Gesellschaft.Video Autobahn: Streit um PrivatisierungVideo Neuer Länderfin […]
    • Michigan: Gericht stoppt Neuauszählung
      Nach US-WahlEs ist eine Niederlage für die grüne US-Präsidentschaftskandidatin Jill Stein: Im Bundesstaat Michigan werden die Stimmen des US-Wahlkampfes nicht weiter ausgezählt. In einem anderen Staat kann sie aber vielleicht noch Erfolg haben.Video Trump ist "Person of the Year"Video Neuauszählung in Michigan
    • Veggie-Boom hat an Kraft verloren
      MarktforscherWurstersatz und Veggie-Frikadellen schmecken offensichtlich nicht allen: Die Begeisterung für Fleischersatzprodukte hat zuletzt deutlich nachgelassen, sagen Marktforscher. Dazu könnten auch einige Warentests beigetragen haben. Langfristig werde die Zahl der Vegetarier aber wohl wachsen.Video Was ist in der Veggie-Wurst?Video Veganer auf Fleischm […]
    • 2:2 in Madrid: BVB holt Gruppensieg
      Champions LeagueGeballte Offensivpower und ein neuer Torrekord: Borussia Dortmund hat mit dem 2:2 im Estadio Santiago Bernabéu für eine dicke Überraschung gesorgt und Real Madrid den Gruppensieg in der Champions League noch weggeschnappt. (Video)
    • Schwimm-WM: Koch holt Gold über 100m
      KanadaSchwimmstar Marco Koch hat bei der Kurzbahn-WM im kanadischen Windsor den Titel über die 100 Meter Brust gewonnen. Der Darmstädter schwamm seine eigentliche Nebenstrecke in 56,77 Sekunden und schlug vor dem Russen Vladimir Morozov (57,00) und dem Italiener Fabio Scozzoli (57,04) an.Video Neue Chefin für Schwimmverband
    • Das "lautlose Aussterben" der Giraffen
      Auf der Roten ListeSie sehen die Welt aus luftiger Höhe - eine Welt, die ihnen immer weniger Raum lässt: Giraffen sind auf die Rote Liste der bedrohten Arten gesetzt worden. Bei Vögeln sieht es nicht besser aus. Kaum entdeckt, sind sie vom Aussterben bedroht.Video Supertiere: RiesenVideo Arten vor dem Aus?Video Kenia: Treffen gegen Wilderei
    • Untitled
    • USA: Prozessauftakt gegen Schützen von Charleston
      08.12.16 14:25 | Vor einem Bundesgericht im US-Bundesstaat South Carolina hat das Verfahren gegen den Todesschützen von Charleston begonnen. Der 22-jährige Weiße hatte im Juni 2015 während einer Bibelstunde auf schwarze Gläubige geschossen und neun Menschen getötet. Der Schütze muss sich unter anderem wegen Mordes und Hassverbrechen verantworten. Der Angekla […]
    • Brüssel: Nicht alle Informationen vorgelegt
      08.12.16 14:02 | In dem jetzt wegen des VW-Skandals eingeleiteten Verfahren gegen Deutschland sieht die EU-Kommission einen weiteren Verstoß: Deutschland, aber auch Großbritannien hätten der Behörde in ihren nationalen Untersuchungsberichten nicht sämtliche bekannten Informationen zur Verfügung gestellt. Brüssel will nachvollziehen können, ob die gewährten A […]
    • Mehr Übernachtungen in deutschen Hotels
      08.12.16 13:32 | Die Übernachtungszahlen in deutschen Hotels steigen weiter. Auch für Oktober hat das Statistische Bundesamt mehr Gäste registriert als im Vorjahresmonat. Die Zahl stieg um vier Prozent auf 41,9 Millionen, wie die Behörde berichtete. Etwa jeder sechste Gast kam aus dem Ausland. Damit hält der positive Trend bei den Übernachtungszahlen an. Nac […]
    • Nach Veto von Obama: Chinesen sagen Aixtron-Kauf ab
      08.12.16 13:05 | Die Übernahme des deutschen Spezialmaschinenbauers Aixtron durch chinesische Investoren ist geplatzt. Da US-Präsident Obama den Erwerb des US-Geschäfts von Aixtron untersagt habe, sei eine Bedingung für die Offerte entfallen und das Übernahmeangebot insgesamt erloschen, teilte die chinesische Grand Chip Investment mit. Obama hatte sein Veto […]
    • Greenpeace begrüßt EU-Verfahren
      08.12.16 12:34 | Greenpeace hat ein EU-Verfahren gegen Deutschland wegen des VW-Abgasskandals begrüßt. "In der schleppenden Aufklärung des Abgasskandals macht der zuständige Verkehrsminister weiterhin keinen Finger krumm", so der Verkehrsexperte Austrup. "Es ist beschämend, dass jegliche Konsequenz aus dem Abgasskandal von außen kommen muss. […]

Industry corruption – Construction & Industry – ArabianBusiness.com

Posted by 7starsdubai on October 8, 2008


ArabianBusiness
Wednesday, 08 October 2008

Recently in the UAE there have been several reports in the media of senior personnel in a number of companies who are being investigated for corruption or worse.No doubt this being part of the government’s continuing initiative and resolve to fight corruption and punish those that are guilty of it.

The World Bank has estimated that bribery costs the world approximately US $1 trillion each year. Such a sum can only adversely affect the economic growth of developing countries, which can ill afford such cost.

The Emirate of Dubai has set up the Dubai Ethics Centre in order to train employees to be able to guard against and be aware of all forms of corruption. On a Federal basis, the UAE in 2006 signed the United Nations Convention Against Corruption.

Moreover, the UAE has continued to support the Organisation for Economic Co-operation and Development (OECD) in its initiative to combat corruption and in April 2007 announced that the UAE was joining forces with the OECD to strengthen tax co-operation between the countries of the Middle East and Middle East and North Africa (MENA) and between those countries and the OECD countries.

It is therefore not surprising that with these actions and initiatives the World Bank reported in July 2007 that the UAE scored 83.5% in its World Wide Government Indicators, the highest score not only in the GCC countries but also within MENA.

Corruption might be defined as “one party providing inducements to another party to get them to do, or refrain from doing, some act differently from what they would otherwise have done.”In the construction and engineering industry this does not have to be the type or magnitude of corruption which grabs headlines but could be far more modest yet still effective and worse, still corruption. Examples of these could be putting someone on a bid list who might otherwise have not been included. Leaving someone off a bid list who in other circumstances should properly have been included.

Providing details with budgets, which to potential bidders can be information that is invaluable in the bidding process as well as during the negotiation stage. Giving price details of other bidders, giving an obvious unfair advantage to the recipient and making a nonsense of the bidding process.Frequently contracts are awarded on a lowest price basis, but even if they are not, the bid which is lower than those of other bidders will give the bidder an advantage over the others.One area in the construction and engineering industry that features high on the list of likely areas of corruption is the awarding of contracts. It does not have to be a major contract, it could be any contract including a supply contract or services contract, and of any value.The acceptance of a requested variation or claim can for a contractor or supplier make the difference between loss and profit, and sometimes considerable profit if accepted.Corruption does not necessarily flow from the contractor or supplier it could also be directed against the consultant in order that the consultant rejects the request for variation or claims, in which case the contractor or supplier loses but the employer gains.

Nine actions to avoid corruption and enhance good business practice

1. Always investigate complaints. If an allegation of corruption is made do not dismiss it, no matter how unlikely it may appear.

2. Require tenders to be prepared with separate commercial and technical submissions. This ensures that at the outset at least, different persons within the organisation review the submissions.

3. Open tenders together. If it is a public opening ensure that all persons who wish to attend are able to attend, including some without any interest in the outcome. Where it is a private opening then ensure that it is carried out with witnesses who can attest to the correctness of the bid opening procedure.

4. Rotate bid teams. The changing of personnel within the bid review teams is good practice in any event, especially where there are tenders for specific scopes, which may require specialist input.

5. Control entertainment and gifts. Many companies have strict policies as to what can be spent under the heading of “business development”. Moreover, the acceptance of a gift no matter how innocent can be misinterpreted. If no such policies exist then ensure that approval is sought before incurring the cost of entertainment or accepting the gift.

6. Require conflict of interest declarations. Indeed require such declarations to be in writing and signed by all those who are involved in the bid review process.

7. Control contact with bidders. Contact should not be encouraged; it should where possible be limited to communications in writing and when questions are asked by bidders, the answers should be circulated to all bidders. Care should also be taken not to discuss with bidders the subject matter of the bid, particularly where there is already an existing contractual relationship with the bidder on another contract or project.

8. Secure data. Always ensure that information that might be commercially sensitive is kept secure, to avoid it being made accessible to others who are not entitled to see or have access to it. 9. Audit trail on decisions. Whether in a bidding process or other part of a project development or construction where decisions are made, ensure that the decisions made are recorded in writing and where approvals are sought, the person giving such approvals also records the approval in writing.Dennis Brand is senior legal advisor with HBJ Gateley Wareing.

Email:Dbrand@hbj-gw.com

Sorry, the comment form is closed at this time.

 
%d bloggers like this: