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FINANCIAL NEWS
Abu Dhabi’s DED captures USD9.5 m worth of counterfeit products
12 Dec 2013
(MENAFN) Abu Dhabi Department of Economic Development (DED) has seized 139.000 tons, or USD9.527 million worth, of counterfeit products during the current year, according to Gulf News.
Government entities and private firms plan to fight this phenomenon especially as Expo 2020 approaches and the UAE economy is improving.
Sharaf Al Hijazin, from Al Tamimi and Company, a UAE-based law firm, said: “The market is currently ripe, the country is booming and people want to exploit this fact. Counterfeit products in imports and exports are being stopped and seized.”
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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