29.06.2009 - Emaar merger signals Dubai Inc. consolidation,M&A wave
From Zawya Dow Jones: The merger of Dubai's Emaar Properties PJSC (EMAAR.DFM) and three state-controlled property firms could prompt a wave of consolidation in the struggling emirate, analysts say. "We believe M&A will pickup over the next 18 months in addition to questions around the standalone survivability of several developers," said UBS AG analyst Saud Masud........Full Article (Subscription Required) : Source