Dubai’s spectacular collapse has destroyed vast fortunes and exposed the dangers of doing business in the Gulf. What have investors learned?
If Dubai’s recent implosion had a human face it would be that of Sulaiman Al Fahim. A self-professed billionaire and host of the Emirati version of the reality television show The Apprentice, he made international headlines last June after agreeing to buy British soccer team Portsmouth for a reported $100 million. Boasting close ties to the ruling Al Nahayan family–along with a private jet, a Lamborghini and a plum gig heading one of the UAE’s ritziest real estate developers, Hydra Properties–he [Read More]