LEGISLATION IN THE EMIRATES
MAGDA WIERZYCKA: Dubai no safe haven for finance criminals
Relations between SA and Dubai, and its reputation in the eyes of the world, will trump vested interests of a few people
The latest exposé of the Gupta and Zuma families’ love affair with Dubai in the Sunday Times did not come as much of a surprise. The Guptas have long been purported to have exported their gains to the emirate, where they, or possibly President Jacob Zuma, own an opulent property and, where, they are expected to settle if they need to leave SA. Dubai is the largest city in the United Arab Emirates (UAE). It is best known for being a business hub for the Middle East and a transport hub for passengers and cargo.Oil was discovered there only in 1966 and although it helped to accelerate development, it accounts for less than 5% of Dubai’s revenue, and oil reserves are expected to be depleted within 20 years. Dubai has a population of 2.7-million people, with 15% of the population nationals and 51% of Indian descent. It is regarded as one of the most expensive cities in the world to live in. The main religion is Islam, with its very strict moral codes. The legal system includes both civil...