ABU DHABI, UAE - UAE Ministry of Economy organized two workshops, in Arabic and English, to promote the awareness of suspicious transactions among traders and business owners in the gold and precious stones sector. The workshops, through the Department of Anti-Money Laundering, also made the traders and business owners aware...
Kazakhstan impounds jewels worth US$230m from ex-leader’s nephew
Almaty, Kazakhstan—Kazakhstan's anti-corruption agency said Wednesday it had seized jewels worth more than $230 million, in a case involving the nephew of ex-leader Nursultan Nazarbayev. "As a result of operational-search activities, exclusive gems and precious stones worth 230 million US dollars" were seized, the agency said in a statement. The agency...
Diamonds forge cornerstone of Israeli-Indian relations
Israel's Diamond Exchange is home to some 30 Indian companies making India the foreign nation with the biggest number of firms on the bourse. Most Indian diamond families, about 80 people, live close to the diamond exchange in the city of Ramat Gan, and many stay in the same building.
