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Sheikh Mohammed Bin Rashid Al-Maktoum might argue that the financial turmoil is over, but an increasing number of nationals are asking whether a more rigorous reappraisal of legislation and business practices is necessary for Dubai to emerge from its traumatic debt crisis as a more transparent place to do business
MBR: Back in the saddle
It is not just financial management and governance that is worrying the professional classes and other stakeholders in Dubai. There is growing concern about the education system, which the commercial emirate has until very recently insisted it manages itself.
The past year’s financial turmoil has stimulated calls from nationals who want greater ‘dialogue’ to promote changes in the way Dubai’s economy and society are regulated.
Dubai-based Topaz Engineering has been awarded a $45m engineering, procurement and construction contract from Sharjah-based Gulf Petrochem.
CNN interview
New Bahrain Citibank chief, United Gulf to sell stake in Tunis International, Dollar sukuk issue ‘in third quarter’, NBK Islamic fund fully subscribed in one day, Investment Dar restructuring nears approval, Qatari Diar ‘prepares $3.5bn bond issue’, Doha Bank eyes $1bn bond sale, New evidence in DIB fraud case
One of the UAE’s largest insurers, Oman Insurance Company (OIC), has elected a new board after all seven members resigned “for personal reasons”.
Authorities gloss Kurdistan security threat, Previous form, Lobbying on the Hill
Ras Al-Khaimah has said it wants to avoid the problems of neighbouring Dubai and reduce its $1.36bn debt after funding its development boom through Islamic bonds. RAK’s Investment and Development Office
Recently created credit insurer Export Credit Insurance Company of the Emirates had a successful first year despite the Dubai debt crisis and other effects of the global credit crunch.
Travels, Denies allegations,Talking up the Makkah metro, New ruler’s representative, US meetings, Extensions
An upsurge in interest in the tiny emirate puts the spotlight once again on the struggle for power between the aged ruler’s feuding sons
Expatriates in the Gulf are used to horror stories about exit permits refused, passports withheld and people being held indefinitely under house arrest, but most accept it as one of the risks of working in a developing country
Palestinian visits, South Korea trip, Deaths and marriages, Al-Madina column, Turkey visit, Europe tour, Afghanistan comments, Malaga football club, Visitors, Napolitano talks on Yemen
