The International Monetary Fund forecast growth in the Gulf region to average 2.4% in 2024
A 52-year-old manager of European origin is facing trial at the Dubai Criminal Court on charges of demanding a bribe of Dh530,000 to facilitate work between companies owned by the Chinese and the Arabs.
A financial manager detected the irregularities and filed a complaint with the police.
The complainant also found out that the accused had sold machines from the company’s factory on a monthly basis.
The accused had demanded Dh500,000 and Dh30,000 from a Chinese and an Arab company, respectively, the probe revealed.
Further legal proceedings are in progress.
The International Monetary Fund forecast growth in the Gulf region to average 2.4% in 2024
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