Dubai utopia still on hold

One year on, Bob McMillen of MAC Capital gives his views on how Dubai has coped with the crisis, and how it is emerging again.

In December last year, Bob McMillen, who had migrated to Dubai from Thailand in 2006 where he headed Seamico Securities, commented on the immediate aftermath of an economic crisis which hit Dubai hard, and speculated about where Dubai was heading.

One year later we caught up with him during a visit to Hong Kong to ask what happened next.

What has happened to your firm since we last spoke
The investment bank, MAC Capital, continues to provide investment banking services, the majority of our assignments being cross-border, and perhaps, in the future, restructuring advice. We advised on the first listing of a Chinese company on Nasdaq Dubai and in the...

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