Monday, 3 June 2013

Kaloti drives Dubai’s rising share of precious metals refining - FT.com

"For Munir Alkaloti, it all started with the Abu Dhabi oil rush in the early 1960s. As the world’s leading oil companies descended on the Gulf emirate, their waste became another man’s treasure.
Mr Alkaloti, newly arrived from Jordan and with a mind for business, started to clear the yards for those oil majors – feasting on an abundance of scrap metal. The rule was simple, if the magnet in his pocket did not attract it, then it was worth money."

'via Blog this'

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