Fund chief to redraft business landscape

Marwan Abedin is not exactly a household name, but he is now very likely one of the most influential men in Dubai.

A career banker, Mr Abedin was appointed earlier this month to run the new Dubai Financial Support Fund (DFSF), the agency that will oversee how Dubai’s US$20 billion (Dh73.46bn) in emergency funds are disbursed, deciding which of the companies in the Dubai Inc stable receive how much, and under what conditions.

He will be determining which government-controlled companies must swallow their weaker counterparts and which are swallowed – and presumably which will live or die.