The Dubai crisis raises fascinating and awkward questions about the wisdom of bankers - again - about sovereign guarantees as well as about the arcane finances and skyhigh dreams of the emirate.Tuesday, 8 December, 2009, 12:00am
I could never quite shake off the impression that it was all an illusion, that all those glittering skyscrapers, eight-lane highways and artificial islands were being generated by a huge virtual reality machine,' recalls one long-time resident of Dubai who moved to Hong Kong last year.30 Nov 2009 - 12:00am
China Merchants Securities, the mainland's third-largest securities broker by equity capital, aims to list on a domestic stock market next year, according to executives.
The firm would prepare for the move by doubling the size of its branch network and acquiring a futures brokerage to expand market share amid industry consolidation, the executives said.7 Sep 2006 - 12:00am
Dubai World and Dubai Islamic Bank are launching a US$5 billion family of private equity funds to focus on global assets.
The funds, to be launched over the next 18 months, has seven private equity funds covering energy, financial institutions, infrastructure, property, health and education, general industrials and technology, media and telecommunications.6 Apr 2006 - 12:00am