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)
Sharjah-based Gulf Petrochem has ballooned into a $2.5bn oil conglomerate in less than 20 years. Co-founder Sudhir Goyel reveals why the UAE is no longer the centre-of-attention, as global plans take hold.