297 counterfeit cases worth AED 2 billion recorded in 2019

Friday, 3 January 2020 12:22

As many as 297 cases of counterfeiting and forgery have been recorded in the UAE, worth AED 2 billion.

That's according to the Dubai Police, who highlighted that the fake trade cases were foiled during 2019 with an approximate market value of AED 2,570,253,778.

By conducting inspections of stores, officials were able to capture those involved in selling and distributing fake products.

More than eight international companies have praised Dubai police and their efforts in preserving their brands, including Apple, Louis Vuitton, Richemont, Toyota, and Reckitt Benckiser.

More from Business

Eleven agreements signed at Al Ain Future Business Forum

Eleven agreements and memoranda of understanding were signed as the inaugural Al Ain Future Business Forum concluded at ADNEC Centre Al Ain.
UAE, Argentina launch CEPA negotiations

The UAE and Argentina have announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a new step in efforts to deepen trade and investment relations.
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth nearly AED 1 billion to GCC Contracting to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens.
Meta launches AI gadget Charm as race for post-smartphone hardware heats up

Meta CEO Mark Zuckerberg on Wednesday has unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.