Abdullah brothers banned over Damas scandal

Posted by: Ammar Al H Monday, 13 February 2012 10:22 AM[UAE] - united arab emirates

Kayed , BIBI what you have said is righ and actually Damas as a company and an organization is older than a 100 years not 45 by the way , for others who commented negatively george,jessy, and john . these people you are talking about i do not think you have any clue about ,because if you did you would never say that and every one knows that 90% of what has been written in the news paper is "bzar" not true.These people more than any one else have served their country and city more than any other jewelery company owners and one of the top 5 business men that did in dubai ,still under these surcumstances they are still helping. this company was owned actually by family members more than 90 years,wealthy before they eaven got to work in damas. always individuals that are succesfull in there own way that have there own business have up's and downs

Posted by: Bibi Wednesday, 12 May 2010 2:50 PM[UAE]

I agree with Kayed Leave them alone to rectify any problems that they may have. They have themselves made a huge success worldwide of the company and employed many people and they have put the jewellery industry of Dubai in the map. They know what they do. They are grown businessmen. ighly successful for that matter. Stop all tis judging nonsense. I understand that it is now public, but leave them to fix what went wrong. I think people here lack support when the poop hits the fan, people are only good when things are good....what about in bad times??? Let's wish them the best in solving this, which must be very difficult times for them now, and make it a bigger success in the near future! In the recession we have all lot. There are no winners - they have lost too.. Must not be easy. All the best Brothers!

Posted by: george thomas Tuesday, 23 March 2010 1:34 AM[UAE] - UAE

And if I bounce a cheque for a few hundred dirhams, the police will take me to jail and keep me there until the cheque is honoured! Gives a whole new meaning to "One law for the rich - and one for the poor".

Posted by: Jessy Monday, 22 March 2010 1:10 PM[UAE]

I hope no one listens to Kayed... this kind of backwards thinking is the problem with transparency. You don't want to mention the names of people who scammed their shareholders? You obviously either don't understand what happened or you have done something your self and are feeling a little guilty. I think they should line the streets with their pictures so that everyone understands that public companies who run on the publics money are PUBLIC. And that using investor money to buy yachts is disgraceful. Everyone who works here from the construction worker to the CEO, help build the economy. They are not special...

Posted by: Ammar Al H Monday, 13 February 2012 10:58 AM[UAE] - united arab emirates

plese make sure of what you have said is true before commenting , because you are talking about great men , and not all what has been said is true and By the way the yachts were owned since 1990 or maybe before that when it was still there own company.

Posted by: John Monday, 22 March 2010 11:46 AM[UAE] - UAE

After years of being beset by management and credibility problems, this ruling finally gives the regulator some teeth, and will serve as a warning to other family shops that list yet still think minority shareholders are to be ignored. The media must pursue this story and make sure that the restitution is made, and that any further penalties are reported.