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)
After a decade as director-general of the Dubai Land Department, Sultan Butti Bin Mejren says he is acting fast to improve regulation of the real estate industry and ensure it remains a thriving part of the emirate’s economy. He explains why he is adamant investors will keep coming.