DAMA

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DAMA

[¦dē¦ā¦em′ā or ′däm·ə] demand assignment multiple access
References in periodicals archive ?
In 2010, Dubai's Financial Standards Authority convicted the Damas family's Abdullah brothers of withdrawing some $167 million in 'unauthorised transactions, having effectively used public funds as a personal bank account.
Damas, a leading jewellery and watch retailer in the Middle East, has signed a deal to launch Tanishq, an India-based premium jewellery brand from the Tata Group, in the region.
Damas, a leading jewellery and watch retailer, has announced the opening of its new Damas Collections store in LuLu Hypermarket at Barwa City.
Kevin Ryan, retail director, Damas, said: "The Damas sale is our way of celebrating and showing our gratitude for the continued support of our loyal customers across the region.
Local daily The National earlier in March wrote Damas was seeking a standstill on around $872 million worth of debt.
During the promotion, customers can buy any piece of diamond jewellery from the Damas Pavilion at Al Qurum Complex (Old Capital Commercial Centre, Qurum) by paying half the market price.
Damas is primarily involved in the business of trading in gold and gold jewelry, diamond jewelry, pearls, watches, silver and precious stones on a wholesale and retail basis.
In 2009, Damas ousted then-CEO Tawhid Abdullah - a grandson of the company's founder - after he made what the company described as "unauthorized transactions" worth as much as $165 million.
Mannai plans to hold a 66 per cent stake in Damas, while EFG Hermes will take a 19 per cent stake, with the remaining 15 per cent retained by the jeweler's current majority shareholders Tawfique, Tawhid and Tamjid Abdullah.
Damas Chief Executive Anan Fakhreddin and Mannai officials declined to comment.
Ce groupe obscur dont on ignore les affiliations, dit avoir mene une "operation militaire a Damas contre les repaires du regime, ayant vise la branche Palestine des services de securite" et une autre branche des services de securite.
Damas perhaps is the most common tree dotting the landscape of Dubai.