Is the City of Gold losing its glitter?

As the Middle East begins to feel the effects of the world economic crisis, Martha Kearns talks to Colm McLoughlin – one of Dubai’s leading businessmen – about current trends in the emirate

10th January, 2009

When Colm McLoughlin left Ireland for Dubai in July 1983, he went with the intention of staying for six months. McLoughlin and ten other Aer Rianta executives were sent to professionalise the handful of shops at Dubai’s small airport.

It was the first time such a retail operation had been planned for the region, and the founding team - which included John Sutcliffe and George Horan - was told it had six months to...

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