Dubai Ruler Tightens Grip on Emaar With $6.5 Billion Reshuffle
A firm controlled by Dubai’s ruler has emerged as the top shareholder in the city’s biggest developer after buying a $6.5 billion stake from the emirate’s main investment vehicle.
By Nandu Nair · Bloomberg
A firm controlled by Dubai’s ruler has emerged as the top shareholder in the city’s biggest developer after buying a $6.5 billion stake from the emirate’s main investment vehicle.