• Dubai Customs officials inspect a consignment of goods, searching for counterfeit products. Wam
    Dubai Customs officials inspect a consignment of goods, searching for counterfeit products. Wam
  • Dubai Customs officials pictured with counterfeit goods that were seized in September 2020. Courtesy: Dubai Customs
    Dubai Customs officials pictured with counterfeit goods that were seized in September 2020. Courtesy: Dubai Customs
  • Captain Ahmed Al Kaabi from Abu Dhabi Police views counterfeit products on show during a workshop held by The Legal Group in Abu Dhabi in December 2019. Pawan Singh / The National
    Captain Ahmed Al Kaabi from Abu Dhabi Police views counterfeit products on show during a workshop held by The Legal Group in Abu Dhabi in December 2019. Pawan Singh / The National
  • UAE government staff attend a workshop in Abu Dhabi to receive training on how to spot counterfeit products. Pawan Singh / The National
    UAE government staff attend a workshop in Abu Dhabi to receive training on how to spot counterfeit products. Pawan Singh / The National
  • Cheap hardware products can be harmful and dangerous. Pawan Singh / The National
    Cheap hardware products can be harmful and dangerous. Pawan Singh / The National

Dubai Customs seizes and recycles counterfeit goods worth Dh1 million


Nick Webster
  • English
  • Arabic

Customs officials in Dubai recycled counterfeit products worth an estimated Dh1 million ($272,000).

More than 134,000 items from 42 fake brands were seized, including designer bags, watches, gloves, glasses and car parts, authorities said.

The counterfeit goods were recycled in the presence of representatives from the US, Germany, Japan and the UK. The products were copies of popular brands from these countries.

“Recycling counterfeit goods is a great option for brand owners. It protects their rights and prevents any illegitimate competition,” said Yousef Ozair Mubarak, director of the Intellectual Property Rights Department.

Mr Mubarak said the confiscated goods were disposed of in an eco-friendly way.

“Recycling allows us to convert unusable counterfeit goods into valuable commodities while protecting the environment. It reduces landfill waste and carbon dioxide emissions associated with incineration,” he said.

“Our priority is to prevent the entry of these goods into the country, and for this we work closely with the diplomatic missions and brand owners to protect intellectual property rights and investors’ interests.”

In March, authorities recovered almost 16,000 illegal or fake tobacco products and shisha oils worth Dh1.5 million.

Smuggling fake car parts is another hot area for bootleggers. More than 300,000 bogus filters, spark plugs and other engine parts were seized by officials in 2020.

Over the past few years, the UAE has intensified inspection campaigns and is using blockchain technology to prevent fraud and counterfeiting.

The UAE also signed several international treaties for the protection of copyright work, including the Trade-Related Aspects of Intellectual Property agreement.

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Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

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Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait