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Wednesday, December 16, 2009

Dubai debacle – Dubai moves to repair reputation

Times Online reported that 2 of Dubai’s most senior figures have begun a road show with business and political leaders in the UK and the United States as part of a strategy to repair the emirate’s battered reputation.

Sheikh Ahmed bin Saeed al-Maktoum, the uncle of Dubai’s ruler, was in London for meetings to demonstrate the emirate’s new commitment to transparency. Sheikh Ahmed, the chairman of Dubai’s Supreme Fiscal Committee, was accompanied by Mohammed al-Shaibani, the CEO of the Investment Corporation of Dubai.

Their tour began two days after the Government of Dubai revealed plans to deal with a debt crisis that panicked global markets and shattered confidence in the Gulf state.

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