Chairman of Dubai’s Drydocks World Resigns - WSJ:
"Khamis Buamim, the chairman of Dubai’s shipyard arm Drydocks World, has stepped down and has been replaced by an official from the emirate’s department of finance, according to a person familiar with the matter.
Mr. Buamim took the helm of Drydocks in 2010 at a time when the company was struggling with a pile of debt it accumulated to fund an overseas acquisition and as the global economy went into a tailspin. Drydocks in 2012 agreed to a $2.2 billion debt restructuring with its creditors.
Mr. Buamim will be replaced by Abdulrahman Al Saleh, director general of Dubai’s department of finance, the person familiar with the matter said."
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