Friday 18 May 2012

DIFC Investments has not yet sold SmartStream - Shaibani - Yahoo! News UK

DIFC Investments, the investment arm of the company running Dubai's financial free zones, has not sold software company SmartStream Technologies but the process is under way, the chief executive of the
Investment Corporation of Dubai said on Friday.
"No deal has been made yet. It is in the middle of the process," Mohammed al-Shaibani told Reuters on Friday on the sidelines of a business forum.
"I think that more than one entity is looking at it, among them are some of the Dubai government-related companies. They are showing a keen interest in this process," he said.

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