Guess the Skyline 5

Ajman Bluebeard

Hats off to Secret Dubai for, among many other things, including such a hilarious commentary on her blog about Daad Mohammed Murad. It made me miss being in Dubai and absorbing these totally off the wall stories you read in the press. I can only imagine how the press coverage of Daad's quest differed from Secret Dubai's.

Dubai Sub-Prime

In another example of the growing influence of the Dubai government in global finance, the government-held group Istithmar announced plans Monday to possibly buy two US firms hard-hit by exposure to subprime mortgages. With predictable bravado, Istithmar CIO Felix Herlihy stated that "For every loser there is a winner and some institutions may have to sell some good assets, because of bad assets hit by sub-prime." In the world of finance, it somehow seems that Dubai is always the winner...