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Discuss this article (3 Comments)Deyaar Properties chairman resigns
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 21 June 2009
REAL ESTATE: Deyaar Properties is developing a number of properties in Dubai, including The Enclave.
Deyaar Properties chairman Nasser Al Shaikh has resigned from his post, the Dubai property developer said in a statement on Sunday, without giving a reason.
Al Shaikh was replaced in May as head of Dubai's Department of Finance after spearheading the launch of the emirate's $20 billion bond programme in February, a move aimed at easing worries state-linked companies could default on debts.
"The board of directors of Deyaar will convene shortly to consider its ratification of the same," it said in a statement.
Related: New Dubai finance chief named
Related: Deyaar rebuilds
Deyaar did not name Al Shaikh's replacement.
Al Shaikh remains chairman of Islamic mortgage lender Amlak and is an assistant to the director of the ruler's court for foreign affairs. (Reuters)
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Deyaar Properties chairman resigns
Posted by John Thomas, Dubai, UAE on Sunday 21 June 2009 at 17:04 UAE time
Last week UP's CEO, this week Deyaar's Chairman- like I said last week: "one more bites the dust"!! And the Summer has just begun, comes Autumn all of them will have resigned and will never be heard from - they'll all be laying in a Mexico beach sippin' on a margherita on the investors dime "The fat lady has sung"!!!!
Posted by John Thomas, Dubai, UAE on Sunday 21 June 2009 at 17:04 UAE time
Last week UP's CEO, this week Deyaar's Chairman- like I said last week: "one more bites the dust"!! And the Summer has just begun, comes Autumn all of them will have resigned and will never be heard from - they'll all be laying in a Mexico beach sippin' on a margherita on the investors dime "The fat lady has sung"!!!!
How do you say hara-kiri in Arabic?
Posted by Geriant, Dubai, UAE on Sunday 21 June 2009 at 13:27 UAE time
This would be a useful bit of translation, because we are going to be hearing a lot more about this phenomenon.
Posted by Geriant, Dubai, UAE on Sunday 21 June 2009 at 13:27 UAE time
This would be a useful bit of translation, because we are going to be hearing a lot more about this phenomenon.
So the saga continues..
Posted by Kaptain, Honululu, Miami on Sunday 21 June 2009 at 12:41 UAE time
The crunch is getting unbearable in this heat. The worst, as experts say, is yet to come, like in episodes, or perhaps the conspirators are checking which market was subtle and resilient and how to neutralise it with its venom through banking sector before overpowering and acquiring it.
The property in the Emirate should now be listed as the expensive national treasure acquired at the higher cost of folly.
Posted by Kaptain, Honululu, Miami on Sunday 21 June 2009 at 12:41 UAE time
The crunch is getting unbearable in this heat. The worst, as experts say, is yet to come, like in episodes, or perhaps the conspirators are checking which market was subtle and resilient and how to neutralise it with its venom through banking sector before overpowering and acquiring it.
The property in the Emirate should now be listed as the expensive national treasure acquired at the higher cost of folly.
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