Desert Storm

Old Mar 9th 2009, 5:50 am
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Default Desert Storm

Well, that is the attention-seeking headline of an article about yet another Royal bail-out of a property developer in the UAE. It does make interesting reading although its several weeks out of date. Does anyone know if the information is true or simply another Arabian Business fabrication?

http://www.arabia.msn.com/Business/2...-In-Dubai.aspx
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Old Mar 9th 2009, 6:37 am
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Default Re: Desert Storm

you never know what to believe these days
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Old Mar 9th 2009, 9:45 am
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Default Re: Desert Storm

Don't know the ins and outs of the article, but it begins badly as Sheikh Hasher Al Maktoum, is not Sheikh Mohammed bin Rashid's brother!!! They should get their facts right!!!!!!!!!!!

The company was building about 5 office blocks in a line somewhere, perhaps that never got off the ground? Was heavily promoted a few years back!
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