UAE

A Closer Look: Dubai hosts summit on combatting counterfeits

We hear from reporter Ali Al Shouk

The National

February 22, 2024

  • English
  • Arabic

In A Closer Look, The National provides an in-depth take on one of the main stories of the week

Dubai this week hosted law enforcement authorities from the region at this year's Middle East North Africa IP Crime Conference.

As an industry which earns criminals billions of dollars every year, discussions around intellectual property crime ranged from how to reduce offences to best practices for catching the perpetrators.

Here, host Sarah Forster hears from The National's Ali Al Shouk to find out what is being done to combat the illicit activity.

Read more

Intellectual property crime 'more lucrative than drugs for criminals'

Dubai launches new public platform for reporting economic crimes

Fake car parts seized in UAE – in pictures

  • Oil filters are the most common fake found, with some filled with newspapers selling for just Dh3 rather than the usual Dh30. All photos: Victor Besa / The National
    Oil filters are the most common fake found, with some filled with newspapers selling for just Dh3 rather than the usual Dh30. All photos: Victor Besa / The National
  • A crackdown on garages and suppliers of fake goods has seen a significant number of dangerous components taken off the market.
    A crackdown on garages and suppliers of fake goods has seen a significant number of dangerous components taken off the market.
  • Counterfeit airbags housed in the steering wheel are fitted with metal brackets that splinter when activated, releasing shrapnel at high speed.
    Counterfeit airbags housed in the steering wheel are fitted with metal brackets that splinter when activated, releasing shrapnel at high speed.
  • Kamran Sarwar, Al-Futtaim Automotive Brands protection manager with samples of fake oil filters.
    Kamran Sarwar, Al-Futtaim Automotive Brands protection manager with samples of fake oil filters.
  • Counterfeit replacement vehicle parts are not made to the specifications of original manufacturers.
    Counterfeit replacement vehicle parts are not made to the specifications of original manufacturers.
  • Kamran Sarwar, right, Al-Futtaim Automotive Brands protection manager with samples of fake oil filters. Victor Besa / The National
    Kamran Sarwar, right, Al-Futtaim Automotive Brands protection manager with samples of fake oil filters. Victor Besa / The National
More from Rashmee Roshan Lall
On Women's Day
Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

While you're here
UAE currency
COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
While you're here
Updated: March 06, 2024, 7:47 AM
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