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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Abu Dhabi may demand more power for $10 bln Dubai lifeline

Posted on 15 December 2009

From Bloomberg: Four days before Dubai World sought to delay $26 billion of debt repayments last month, Sheikh Mohammed bin Rashid Al Maktoum set out to race his horse, Al Ayed, across 120 kilometers (75 miles) of Persian Gulf desert. He had to withdraw when the mount became fatigued.

Now Sheikh Mohammed must prove that the transformation of Dubai from fishing village to global business hub isn’t also running out of steam……………………………….Full Article: Source

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