NEWSMAKER-UAE tycoon Qubaisi named in billion-dollar U.S. suits

ABU DHABI, July 21 (Reuters) - The rise and fall of Abu

Dhabi tycoon Khadem al-Qubaisi, named this week in U.S. Justice

Department lawsuits seeking to seize over $1 billion in assets,

illustrates the unpredictability of an opaque Gulf business

world fuelled by huge sums of oil money.

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