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Jul 30 18, 9:34 am

UAE announces May 24 as first day of Eid Al Fitr

(WAM) -- Sunday, the 24th of May, will be the first day of Shawwal 1441 H, marking the beginning of Eid al-Fitr, announced the Moon-sighting Committee in a statement issued after its meeting tonight at the Abu Dhabi Judicial Department. Sultan bin Saeed Al Badi Al...

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

Fraudulent investment group targets OFWs in UAE

by | News

Jul. 30, 18 | 9:34 am

The Philippine Embassy in Abu Dhabi warned overseas Filipino workers (OFWs) in UAE of dealing with unregistered investment schemes targeting OFWs promising big returns in a short period of time.

Charge d’ Affaires Rowena Pangilinan-Daquipil released the reminder following an advisory released by Philippine-based Securities and Exchange Commission (SEC) stating that Paysmart Limited Philippines (PAYSMART), an investment group, is not a registered and accredited investment group by the Philippine government.

“Per SEC’s records, PAYSMART is not registered as a corporation or partnership and is not authorized to solicit investments from the public as said entity did not secure prior registration and/or license to solicit investment from the SEC as prescribed under Section 8 of the Securities Regulation Code,” Pangilinan Daquipil said.

PAYSMART allegedly targets OFWs in Dubai, Italy, and Norway and promises a return of investment (ROI) of 30 percent in 15 days, and an ROI of 60% in 60 days in exchange of investment ranging from $23 (Dh84.48) to $9,000 (Dh33,058).

The embassy reminded OFWs to be careful with investing their money as some unregistered investment groups may end up being fraudulent.

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UAE announces May 24 as first day of Eid Al Fitr

UAE announces May 24 as first day of Eid Al Fitr

(WAM) -- Sunday, the 24th of May, will be the first day of Shawwal 1441 H, marking the beginning of Eid al-Fitr, announced the Moon-sighting Committee in a statement issued after its meeting tonight at the Abu Dhabi Judicial Department. Sultan bin Saeed Al Badi Al...

Observatory experts say Shawwal crescent moon might not show today

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

Pakistan plane crashes with 107 on board

Pakistan plane crashes with 107 on board

An aircraft from Pakistan International Airlines (PIA) carrying 99 passengers and eight crew members crashed at a residential area in Karachi on Friday, May 22. Pakistan immediately mobilized paramilitary troops and civil administration authorities to aid and rescue...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

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