Wednesday, March 24, 2010

Wow, the news flow out of Dubai is pretty fast and furious

OK, I just got out of bed in New York and now it's on the tape that Dr. O has been arrested. Interestingly I have already written on this subject a while back. More than once actually. Maybe I should have a new tag line for the blog: "Wall St. WTF, todays news three months ago." Kidding, this is more about ex post facto analysis. Breaking the news is for those guys and gals at The FT, The National and Zawya. Stay tuned.

6 comments:

Anonymous said...

Wow, looks like the "big chief" reads your blog (but after 3 months)
keep up the good work

Anonymous said...

The view from 2007:
Dr.Omar Bin Sulaiman, is hands-down one of the most forward-thinking and smart personalities in this region. He has been driving the success of D.I.F.C. for the last three years, having successfully attracted blue-chip finance institutions to use the D.I.F.C. as their Middle Eastern base.
http://tmagazine.blogs.nytimes.com/tag/dromar-bin-sulaiman/
Between Bin Sulaiman, the Abdullah brothers, and David Jackson, we've got Camelot meets Nick Leeson.

Anonymous said...

Surely the DIFC must have a Chairman & Board of Directors that must have approved such bonus pay-outs which I would assume are part of his pay package agreed in id contract and is linked to performance. No one in his right mind would believe that such payments went through without sign off of the powers that be.

Ken said...

I'm not so sure about that. I don't think there is a board and in any case after what the Damas Board approved I'm not sure it would have even have mattered.

Anonymous said...

http://www.difc.ae/about-us/structure/difc-authority/board-members/

There is a board, but certainly does not seem to have made any difference.

Anonymous said...

Anonymous...what are you insinuating re. D. Jackson? Anything you know or are you barking up the wrong tree? your thoughts are appreciated