Sheikh Ahmed bin Saeed Al Maktoum, head of the Emirates airline, is taking over as chairman of Dubai World as the company struggles to restructure.
Dubai’s government said today that Sheikh Ahmed will replace Sultan Ahmed bin Sulayem, who oversaw the construction of palm-shaped islands off the emirate’s coast, Bloomberg News reported.
Dubai World took on $40 billion of debt as it became the…
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Emirates Chief to Take Over as Head of Dubai World originally appeared on DailyFinance on Mon, 13 Dec 2010 07:29:00.
Filed Under: Company News, Credit