Monday 6 December 2010

Dubai weighs what may rank as GCC's sale of the century

As a policy initiative, it seems pretty conclusive.

On two separate occasions in the past few weeks, Dubai's leading officials have discussed a planned programme to sell government-owned assets: privatisation, as it is more usually known.

'We are working on opening up the capital of leading companies to our public.' Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Dubai Supreme Fiscal Committee as well as the head of Emirates Airline, said last week.

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