| 10.12.2009 - Dubai property subsides further after scrapping of rescue merger |
| From Timesonline.co.uk: Emaar, Dubai’s most solvent property company, has backed out of a rescue takeover of Dubai Holding’s failing property businesses as the fragile web of state-backed companies in the emirate continues to unwind. This and further bad news from Nakheel, one of Dubai World’s ailing subsidiaries, helped to send stock markets in Dubai crashing for the third successive day...................................Full Article: Source |