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)
A decade after the world’s most expensive real estate project was announced, King Abdullah Economic City has completed many of its key components. Chief executive Fahd Al Rasheed explains why tourism, education and entrepreneurship are now his biggest focus.