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)
Just about everything Badr Jafar touches turns to golD, formed just seven years ago, his crescent enterprises is raking in over a billion dollars in revenues and is highly profitable. But the young Emirati insists profits are just part of the plan.