Veterans of Dubai’s Near-Default Have a New Mission 10 Years On
- Sheikh Ahmed, Al Shaibani steered Dubai through 2009 crisis
- Real estate remains central to the sheikhdom’s economic woes
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Dubai is turning to two of its most trusted officials to steer its key companies through a drawn-out slowdown, a decade after they helped pull the business hub back from the brink of default.
Mohammed Al Shaibani, director general of the ruler’s court and head of Investment Corp. of Dubai -- the emirate’s main investment arm -- was named as chairman of palm-shaped island developer Nakheel PJSC, which was at the center of the debt crisis in 2009.