Japanese financial institutions, including three major banks, face loan exposures of about 100 billion yen ($1.16bn) in Dubai, the Nikkei business daily said. Exposures will likely reach nearly 20 billion yen ($231m) at Sumitomo Mitsui Banking Corp, according to the daily. (Bloomberg image - for illustrative purposes only)
(Information dated November 28, 2009)
Twenty years ago the Dubai-based business tycoon watched his parents flee the Rwanda genocide having lost everything — again. Today, the company he started to help get his family back on their feet is a monstrous conglomerate in 22 African countries.