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Article: Middle East & Africa: UAE - Getting On With The Neighbours - Stephen Timewell Reports On The Fruits Of A New Found Spirit Of Co-operation Between Dubai And Abu Dhabi.(Dubai World partnership with MGM Mirage)(joint venture between Dubai and Abu Dhabi for airport construction and industrial zone)
- Article from:
- The Banker
- Article date:
- September 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: STEPHEN TIMEWELL
Demonstrating Dubai's dynamism on the global stage, Dubai World, the government's holding company, last month agreed a long-term strategic partnership including a $5bn investment with MGM Mirage, the world's second largest casino operator. At the same time, Borse Dubai was making an all-cash $4bn hostile bid for Nordic exchange operator OMX.
Meanwhile, back in the UAE, two less controversial initiatives, the emergence of the Dubai Mercantile Exchange (DME) and the development of the multi- billion dollar Khalifa Port and Industrial Zone, a joint venture between the Abu Dhabi and Dubai governments, are likely to have a ...