You are hereHome CountriesTunisia
UAE central bank orders freeze of Ben Ali assets, says paper
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Wed June 8, 2011 2:05 pm

UAE. The United Arab Emirates central bank has ordered banks to freeze all assets of ousted Tunisian president Zine el Abidine Ben Ali, his wife, and 120 other Tunisians, a newspaper said on Wednesday.

Alrroya al-Iqtissadia daily cited a central bank circular as telling banks to "search for and freeze accounts, deposits and investments" of the former autocrat who is sheltered in Saudi Arabia, and those of his wife Leila Trabelsi and the others.

The bank said it was acting following a request, transmitted through the foreign ministry from the Tunisian public prosecutor, to freeze those assets worldwide, the paper added.

Ben Ali fled Tunisia in January following a revolt against his 23-year rule. Family members say he suffered a stroke in February and he has made no public appearances.

He broke his silence on Monday through his French lawyer Jean-Yves Le Borgne describing as a "masquerade" his imminent trial in Tunisia on corruption charges.

Tunisia's interim administration has asked for the former president's extradition from Saudi Arabia along with his wife. Several European countries have frozen assets belonging to Ben Ali and his entourage.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 21, 2014
INTERNATIONAL. Against the backdrop of a rising dollar, uneven developments in global economic growth and interest rates commodities suffered broad-based selling across most sectors.
date:Posted: September 21, 2014
UAE. Average residential rents dipped marginally by 1% during Q3 this year; Office rents across the CBD area remained unchanged while secondary locations grew by 3% quarter-on-quarter; Average villa rents have witnessed a single digit growth of around 8%.
date:Posted: September 19, 2014
KUWAIT. The global Islamic finance industry reached approx. US$1.9 trillion in assets as at end 1H2014; The report analyses the role of Islamic finance in supporting economic growth.
UAE. Average residential rents dipped marginally by 1% during Q3 this year; Office rents across the CBD area remained unchanged while secondary locations grew by 3% quarter-on-quarter; Average villa rents have witnessed a single digit growth of around 8%.
dhgate