Firecrackers explode as protesters take cover behind a barricade during a demonstration against the military coup in Mandalay, Myanmar, on March 21, 2021. Reuters
Firecrackers explode as protesters take cover behind a barricade during a demonstration against the military coup in Mandalay, Myanmar, on March 21, 2021. Reuters
Firecrackers explode as protesters take cover behind a barricade during a demonstration against the military coup in Mandalay, Myanmar, on March 21, 2021. Reuters
Firecrackers explode as protesters take cover behind a barricade during a demonstration against the military coup in Mandalay, Myanmar, on March 21, 2021. Reuters

EU sanctions Myanmar's Junta chief as civil disobedience and protests continue


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The EU placed Myanmar junta chief Min Aung Hlaing on an assets freeze and visa ban blacklist on Monday over a coup and crackdown on demonstrators, the bloc's official journal said, as protests and civil disobedience continued.

"Commander-in-Chief Min Aung Hlaing has been directly involved in and responsible for decision making concerning state functions and is therefore responsible for undermining democracy and the rule of law in Myanmar," the listing said.

It said that the army chief was "directly responsible" for a brutal crackdown by the authorities in the wake of the February 1 seizure of power.

On Monday, protesters marched against the military junta at a predawn rally in Myanmar's second largest city, a day after 8 demonstrators were killed.

Myanmar has been convulsed by demonstrations against a coup that dismissed civilian leader Aung San Suu Kyi's government last month, with the junta ordering a brutal crackdown in response.

More than 2,600 people have been arrested and 250 killed during the crackdown, according to the Assistance Association for Political Prisoners, a local monitoring group, which warns fatalities could be higher.

Scores of people, including teachers, marched the streets of Mandalay, some carrying placards calling for UN intervention in the crisis.

Early morning protests were also held in parts of Yangon, the commercial capital.

Mandalay, the country's cultural cenre, has been hit by some of the worst violence of the crackdown and recorded eight more deaths on Sunday, a medical source told AFP. Fiftypeople had been injured.

Meanwhile, the BBC on Monday said that a journalist from its Burmese-language service was released by authorities.

The journalist, Aung Thura, was detained on March 19 by men who appeared to be plainclothes security agents while he was reporting outside a court in the capital of Naypyitaw.

Arrests of media workers have been part of the junta's intensifying efforts to choke off information about resistance to the February 1 coup.

About 40 journalists have been arrested since the coup, half of whom are still in detention – including Thein Zaw of The Associated Press – according to the Myanmar-based Assistance Association for Political Prisoners.

Monks held an evening candlelight ceremony, while in one neighbourhood persistent gunfire was reported until about 11pm local time.

One man was also killed during daytime clashes with security forces in the central city of Monywa on Sunday.

The Australian and Canadian governments have confirmed they are providing consular assistance to two business consultants detained in Myanmar.

It is understood that Matthew O'Kane and Christa Avery, a dual Canadian-Australian citizen, are under house arrest after trying to leave the country on a relief flight on Friday.

The couple run a consultancy business in Yangon.

The Canadian and Australian foreign ministries have refused to comment further on the case.

International condemnation by the US, Brussels and the United Nations has so far failed to halt the bloodshed.

The US expanded its blacklist against the Myanmar junta on Monday after sanctioning Min Aung Hlaing shortly after the coup in February.

The Biden administration’s latest sanctions were placed on police chief Than Hlaing, special operations commander Lit Gen Aung Soe, as well as the 33rd and 77th light infantry divisions of the army.

“Today’s actions send a strong signal that we will follow through on our pledges to continue to take action against coup leaders and those who perpetrate violence,” US Secretary of State Antony Blinken said in a statement.

“The United States continues to call on the military regime to release all those unjustly detained; stop its attacks on civil society members, journalists and labor unionists; halt the brutal killings by its security forces; and return power to the democratically elected government.”

In a new bid to increase diplomatic pressure on the generals, EU foreign ministers are expected to approve sanctions against 11 junta officials on Monday.

Politicians from the Association of South-Eeast Asian Nations urged regional leaders to meet and devise a “strong and decisive response” to increased violence against protesters by Myanmar’s military.

The politicians urged the 10-nation bloc to send a delegation alongside the UN special envoy to Myanmar to help negotiate a "democratic and human rights-based solution".

Asean has a policy of non-interference, but some regional leaders have rebuked the violence and urged restraint in Myanmar.

"The Myanmar army is killing people every day. Statements are welcome but are useless against the military's bullets," said Charles Santiago, a Malaysian politician who heads the Asean Parliamentarians for Human Rights group.

  • Protesters run after tear gas is fired during a demonstration against the military coup, in Yangon, Myanmar. AFP
    Protesters run after tear gas is fired during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • An injured person is carried away after being shot with rubber bullets, as security force destroyed barricades erected by protesters against the military coup, in Yangon, Myanmar. AFP
    An injured person is carried away after being shot with rubber bullets, as security force destroyed barricades erected by protesters against the military coup, in Yangon, Myanmar. AFP
  • Posters featuring military chief Gen Min Aung Hlaing are placed on the road during a demonstration against the military coup, in Yangon, Myanmar. AFP
    Posters featuring military chief Gen Min Aung Hlaing are placed on the road during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • A protester holds a homemade shield during a demonstration against the military coup, in Yangon, Myanmar. AFP
    A protester holds a homemade shield during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • Protesters wash their faces to reduce the effects of tear gas, during a demonstration against the military coup, in Yangon, Myanmar. AFP
    Protesters wash their faces to reduce the effects of tear gas, during a demonstration against the military coup, in Yangon, Myanmar. AFP
  • A scooter rider attempts to ride past a makeshift barricade of wheelie bins, with the image of Myanmar armed forces chief Gen Min Aung Hlaing stuck on them, during demonstrations against the military coup, in Yangon, Myanmar. AFP
    A scooter rider attempts to ride past a makeshift barricade of wheelie bins, with the image of Myanmar armed forces chief Gen Min Aung Hlaing stuck on them, during demonstrations against the military coup, in Yangon, Myanmar. AFP
  • Myanmar nun Sister Ann Rose Nu Tawng kneels in front of police in protest against violence during anti-coup protests in Myitkyina, Myanmar. Two officers kneel in response. Reuters
    Myanmar nun Sister Ann Rose Nu Tawng kneels in front of police in protest against violence during anti-coup protests in Myitkyina, Myanmar. Two officers kneel in response. Reuters
  • Residents look on as soldiers block a road after arriving to arrest railway staff involved in the Civil Disobedience Movement, in protests against the military coup, at Mahlwagone railway station, in Yangon, Myanmar. AFP
    Residents look on as soldiers block a road after arriving to arrest railway staff involved in the Civil Disobedience Movement, in protests against the military coup, at Mahlwagone railway station, in Yangon, Myanmar. AFP
  • Anti-coup protesters retreat after discharging fire extinguishers towards a line of riot policemen in Yangon, Myanmar. AP
    Anti-coup protesters retreat after discharging fire extinguishers towards a line of riot policemen in Yangon, Myanmar. AP
  • A man runs away from burning a roadblock, set on fire by military personnel at a railway staff compound during a raid against anti-coup activists, in Yangon, Myanmar. EPA
    A man runs away from burning a roadblock, set on fire by military personnel at a railway staff compound during a raid against anti-coup activists, in Yangon, Myanmar. EPA
  • Protesters carry bricks to construct a makeshift barricade to deter security forces, during demonstrations against the military coup, in Yangon Myanmar. AFP
    Protesters carry bricks to construct a makeshift barricade to deter security forces, during demonstrations against the military coup, in Yangon Myanmar. AFP
  • Ja Mar, a supporter of the National League for Democracy is arrested, in Bago region, Myanmar. Reuters
    Ja Mar, a supporter of the National League for Democracy is arrested, in Bago region, Myanmar. Reuters
NEW%20UTILITY%20POLICY%3A%20WHAT%20DOES%20IT%20REGULATE%3F
%3Cp%3E%E2%80%A2%20Agreements%20on%20energy%20and%20water%20supply%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Applied%20service%20fees%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customer%20data%20and%20information%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Prohibition%20of%20service%20disconnections%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customer%20complaint%20process%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Management%20of%20debts%20and%20customers%20in%20default%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Services%20provided%20to%20people%20of%20determination%20and%20home%20care%20customers%3C%2Fp%3E%0A
Full list of brands available for Instagram Checkout

Adidas @adidaswomen

Anastasia Beverly Hills @anastasiabeverlyhills

Balmain @balmain

Burberry @burberry

ColourPop @colourpopcosmetics

Dior @dior

H&M @hm

Huda Beauty @hudabeautyshop

KKW @kkwbeauty

Kylie Cosmetics @kyliecosmetics

MAC Cosmetics @maccosmetics

Michael Kors @michaelkors

NARS @narsissist

Nike @niketraining & @nikewomen

NYX Cosmetics @nyxcosmetics

Oscar de la Renta @oscardelarenta

Ouai Hair @theouai

Outdoor Voices @outdoorvoices

Prada @prada

Revolve @revolve

Uniqlo @uniqlo

Warby Parker @warbyparker

Zara @zara

MATCH INFO

Iceland 0 England 1 (Sterling pen 90 1)

Man of the match Kari Arnason (Iceland)

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

ARSENAL IN 1977

Feb 05 Arsenal 0-0 Sunderland

Feb 12 Manchester City 1-0 Arsenal

Feb 15 Middlesbrough 3-0 Arsenal

Feb 19 Arsenal 2-3 West Ham

Feb 26 Middlesbrough 4-1 Arsenal (FA Cup)

Mar 01 Everton 2-1 Arsenal

Mar 05  Arsenal 1-4 ipswich

March 08 Arsenal 1-2 West Brom

Mar 12 QPR 2-1 Arsenal

Mar 23 Stoke 1-1 Arsenal

Apr 02  Arsenal 3-0 Leicester

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

HWJN
%3Cp%3EDirector%3A%20Yasir%20Alyasiri%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Baraa%20Alem%2C%20Nour%20Alkhadra%2C%20Alanoud%20Saud%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

 

 

Related
Company%20profile
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Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A
Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

UAE currency: the story behind the money in your pockets
MATCH INFO

Liverpool 0

Stoke City 0

Man of the Match: Erik Pieters (Stoke)

RESULTS

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

Winner Meshakel, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

Winner Gervais, Connor Beasley, Ali Rashid Al Raihe.

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

Winner Global Heat, Pat Cosgrave, Saeed bin Suroor.

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

Winner Firnas, Royston Ffrench, Salem bin Ghadayer.

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

Winner Rebel’s Romance, William Buick, Charlie Appleby

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

Winner Topper Bill, Richard Mullen, Satish Seemar

10pm Handicap (TB) Dh102,500 (T) 1,400m

Winner Wasim, Mickael Barzalona, Ismail Mohammed.

UAE currency: the story behind the money in your pockets
Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

If you go

The flights Etihad (www.etihad.com) and Spice Jet (www.spicejet.com) fly direct from Abu Dhabi and Dubai to Pune respectively from Dh1,000 return including taxes. Pune airport is 90 minutes away by road. 

The hotels A stay at Atmantan Wellness Resort (www.atmantan.com) costs from Rs24,000 (Dh1,235) per night, including taxes, consultations, meals and a treatment package.
 

Abu Dhabi Desert Challenge – Rally schedule:

Saturday: Super Special Spectator Stage – Yas Marina Circuit – start 3.30pm.
Sunday: Yas Marina Circuit Stage 1 (276.01km)
Monday: Nissan Stage 2 (287.92km)
Tuesday: Al Ain Water Stage 3 (281.38km)
Wednesday: ADNOC Stage 4 (244.49km)
Thursday: Abu Dhabi Aviation Stage 5 (218.57km) Finish: Yas Marina Circuit – 4.30pm.

WITHIN%20SAND
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Married Malala

Malala Yousafzai is enjoying married life, her father said.

The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.

Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.

%E2%80%98White%20Elephant%E2%80%99
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jesse%20V%20Johnson%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Michael%20Rooker%2C%20Bruce%20Willis%2C%20John%20Malkovich%2C%20Olga%20Kurylenko%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EXare%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%2018%2C%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPadmini%20Gupta%2C%20Milind%20Singh%2C%20Mandeep%20Singh%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunds%20Raised%3A%20%3C%2Fstrong%3E%2410%20million%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E28%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eundisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EMS%26amp%3BAD%20Ventures%2C%20Middle%20East%20Venture%20Partners%2C%20Astra%20Amco%2C%20the%20Dubai%20International%20Financial%20Centre%2C%20Fintech%20Fund%2C%20500%20Startups%2C%20Khwarizmi%20Ventures%2C%20and%20Phoenician%20Funds%3C%2Fp%3E%0A
The%C2%A0specs%20
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Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching