Why Are Dubai Residents of Exclusive Emirates Hills, Posh Jumeirah & Man Made Palm Jumeirah Island Sitting In Jail Cells of London, NY & New Delhi?

Less than 3 months ago, under a secret mission, 2 wanted financial absconders in India were "picked up" from Dubai and flown in a Govt plane to one of the harshest jails of India.

Most of the information is only available in Indian media because for the first time, no laws of India or UAE were followed and these 2 persons were picked up from their multi million dollar homes in Dubai and within hours were sitting inside the infamous Tihar jail of New Delhi.

"The ED (Enforcement Directorate) had summoned Rajeev Saxena, a resident of Palm Jumeirah in Dubai, multiple times in the case and had arrested his wife Shivani Saxena from the Chennai airport in July, 2017. She is now out on bail. 

Why Are So Many Board Members, CFO's & CEO's Resigning From Top Most Companies In UAE?

Starting with EMAAR Developer, Founder and Chairman,  Mohammed Alabbar, who has resigned from the Board of Aramex (a large courier company in the Middle East, based in Dubai and listed on DFM,  with 13,800 employees in 54 countries) there is a long list of recent resignations across top most companies in the UAE.

"Another board member, Christine Holgate - who represents the Australia Post Transaction Services Pty Ltd - resigned from Aramex's board as of April 10.

Last month, Australia Post sold a 10 percent stake in Aramex for $164 million, according to a DFM filing."

Third Abraaj Executive Arrested By The US Govt Which Dubai Failed To Do

Photo Credit: Twitter account of Abraaj Group

We have warned since last year that anyone associated with Abraaj fraud will get arrested.

They can run but they can't hide.

Now, the 3rd top employee of Abraaj has been arrested, Sev Vettivetpillai.

Here is our warning from just last week:

"Arif and most Abraaj employees have left Dubai and resigned from Abraaj but the ghosts of their past misdeeds are definitely not behind them and they will end up being banned, or go to jail or be thrown out of their new jobs wherever in the world they maybe because the investigations are still ongoing in a dozen countries."

India's Jet Airways Ends Operations As We Had Predicted In Aug 2018

Back in Aug 2018, when almost no one had a clue whether a top Indian airline would shut down, we had made our bold prediction that one airline will shut and our hint was towards Jet Airways because they were the only ones to default on their debt.

Ever since that day, Jet Airways has juggled from one public crisis to another and finally, right during the general elections of India being held since 11 Apr until 23 May (when the results shall be announced), Jet Airways has collapsed!

Knowing what we know about the company and how India works, it went exactly as we had predicted.

US Govt Arrests Abraaj Founder & Ex-CEO - Arif Naqvi & Managing Partner & Head of Private Equity - Mustafa Abdel-Wadood For Fraud & Stealing Investor Funds Via DIFC, Dubai Based Abraaj Group

The saga of Abraaj fraud stumbled out of the closet in Feb 2018 when their crimes were first uncovered.

When we restarted this blog in June 2018, the first few days were electric. 

Saudi and UAE had signed a very wide ranging bilateral agreement thus almost demolishing the 6 nation GCC agreement.

And Abraaj had announced that it may file for liquidation due to approx. USD 1 billion in outstanding debt, an unknown amount in missing funds and commingling of funds on top of everything.

7 More UAE Banks To Merge While Abu Dhabi Struggles For Cash, Qatar Sues FAB & SAMBA Banks Plus Dubai Arrests Expats For Silly Facebook Posts

Bank after bank is collapsing (oops, merging) in UAE.

We have predicted since last year that most banks will fail in UAE as well as across GCC. 

At this point we do not even wish to count how many mergers or branch closures or job cuts are going on.

This week alone news has appeared about 7 different banks across UAE who are going to merge in the next few months.

Saudi Arabia, Once Again, Threatens USA To Sell Oil In "Other Currencies" Like Chinese Yuan: Analysis & Impact

The first time we argued about the rising animosity between Saudi and USA was in Dec 2014.

This chart is from the advisory that we had prepared for our clients back in Dec 2014.

This chart shows when America began producing more oil than Saudi Arabia in 2014 after 22 years.

Ever since, Saudi has struggled in it's oil sales, has run out cash, is busy selling it's top most companies, has run 6 years of budget deficit while borrowing tens of billions every year, passed new taxes and fines, removed subsidies on petrol, water, electricity bills, deported millions of expats, has arrested thousands of Saudis and taken their trillions, major companies like Saudi Oger have collapsed, large banks are merging and thousands of small businesses have shut etc.

Your Opinion Counts: Feedback & Survey For Redesigning This Blog

Credit: www.goodfirms.co

We shall be redesigning this blog.

Besides a refresh, one change will be that we wish to make it a paid members only blog.

We intend to charge as following:

Monthly: USD 5 per month (one time or recurring option to pay every month shall be made available)

Quarterly payment: USD 12 per quarter (20% discount from monthly payment option).