The Arabtec saga: how we got here, and who paid the price | The National:
"It was a month that every stockbroker would like to forget. As screens turned red and losses mounted, some investors were left wiped out.
One company was the trigger for the sell-off in Dubai.
Arabtec, under the leadership of a 38-year-old chief executive from Jordan named Hasan Ismaik, had big plans. His abrupt departure on June 18 put a big question mark over all of them.
Yesterday, Arabtec had the opportunity to answer some of the questions. Khadem Al Qubaisi, the chairman of the accident-prone company, faced UAE and international media at the Abu Dhabi headquarters of International Petroleum Investment Company, the government-owned group that has a big say in Arabtec affairs via its control of Aabar."
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