As Dubai involves itself in ever larger, and more diverse international deals, it is nice to be reminded that not every deal is based on hard cash and bottom lines. We're told Sri Lanka's decision to revoke the work permit of its national carrier's CEO – a guy out in place by Emirates – will have an "extremely negative" impact on talks with Emirates over the renewal the contract to run the airline.
Never underestimate the power of the personal relationship, particularly, according to the Financial Times, when as many as 70 percent of businesses, either private or listed, are family controlled. Forty per cent of the Fortune 500 companies still under family control.
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