31.12.2010 - Dubai's global bourse hopes end but options remain
From Reuters: Borse Dubai, owned by Dubai's sovereign wealth fund, plans to use the funds to pay down debt as Dubai climbs out of an approximately $115 billion debt hole. "Buying the LSE stake was part of Dubai's strategy to become the regional financial centre and I think it has achieved this, but does it make sense to own the stakes in Nasdaq OMX and the LSE?," said Mohammed Yasin, CAPM Investment's chief investment officer. "I don't think they've added value to Dubai's markets.".............................................Full Article: Source
Print