Tuesday, 25 September

Desert Nights: Nearly $9 million was transferred from Dubai to Armenia in 2004



Edik Baghdasaryan
Ara Manoogian

These are the amounts of bank wire transfers from the United Arab Emirates (UAE) to Armenia over the last four years.

2001
$ 654,200
2002
$ 3,933,300
2003
$ 5,769,500
2004
$ 8,792,800


This information, provided to us by the Armenian Central Bank's public relations department, reveals a significant increase in money transfers from 2001 to 2004.

Why has there been such an increase, and who is sending the money?

We know that many Armenian businesses import different products from the UAE. But this involves sending money to the UAE from Armenia. According to Armenia's Ministry of Trade and Economic Development, in the last 14 years (1991-2004), Armenian businesses invested $4,356,000 into the UAE. This is a small sum compared to the amount of money that is sent the other way. In the last four years alone, $19,149,000 was transferred to Armenia from the UAE.

The increase of money transfers from the UAE reflects the growth in the sex trade in recent years. It is probably safe to say that this money is sent to Armenia by Armenian pimps and prostitutes. The prostitutes themselves told us that they use banks to send money to their relatives at home. But this is only a fraction of the money sent; the rest is transferred by Armenian pimps, who send part of the money to their relatives, and the rest to unknown recipients. It's hard for a journalist to prove this. But there are government agencies that could easily find out who regularly receives this money. If, of course, they want to find out.



Home page


See also

more news



Related News

  • Dubai: Center of the Sex Trade
    The man in national dress pictured here works for the Criminal Investigation Department of the United Arab Emirates (UAE). On February 3, 2005, under his supervision, pimps of various nationalities were selling women right in front of the Inter City hotel in Dubai. Among the women were underage girls, including Armenians.
  • Committee Investigates Hetq Report
    On February 23, Edik Baghdasaryan, chairman of the Investigative Journalists of Armenia, was summoned to the Office of the Prosecutor General to provide explanations to a committee set up to verify published findings by investigative journalists.
  • The Court is Soft on Human Trafficking
    On November 11 th in Echmiadzin, the Court of First Instance of Armavir announced its ruling in a case involving trafficking in women.
  • Hetq.am Banned in the Emirates
    Fore some time now our readers in the United Arab Emirates have been unable to read Hetq Online on the Internet. When they try to access the site they receive this message: "We apologize the site you are attempting to visit has been blocked due to its content being inconsistent with the religious, cultural, political and moral values of the United Arab Emirates."
  • The Promise of a Fairy Tale Life Draws Women to Dubai
    "I went to Dubai to work as a waitress. They promised me a high salary, and I really needed the money. I have four children, and I've been divorced for four years now.
... read more on "Desert Nights"
Comments (1)
1. Andranik01:35 - 29 January, 2012
Hetq is blocked in Dubai, but do you know why??? Because the UAE police is directly involved into the sex trade in Dubai, information of Hetq causes them not to have Armenian girls in Dubai, it is that simple, the security forces in Dubai can track down any one in less than two hours, they know every thing about every one in Dubai, they even know how many times you flush you toilet per day. The most amazing thing is that they are an Islamic country, how do they have sex & prostitution in broad day light??? This is how the country makes money & this how Dubai was build, but people are amazed about Dubai with out knowing any thing of what is going on, they call it the attraction of Dubai, not for the biggest tower of the world but for the sex trade.
Leave a comment
Thank you for your comment. Your comment must be confirmed by the administration.

Latest news

All news

Archive