Dubai: Shuaa Capital PSC sees "good opportunities" for acquisitions this year as small to medium-size brokerage firms struggle amid the global credit crisis.
"As I see good assets come up at the right price, I think we are in a good position to take advantage of that," Michael Burgess, chief financial officer of the UAE's largest investment bank, said.
The Gulf is bracing for a slowdown in the property market as economic growth slumps and oil prices fall. Saudi Arabia and the UAE cut their benchmark interest rates yesterday.
I have inside information!
ReplyDeleteWhich means I cannot say anything!
Dang.
Possibly you have picked up on today's story in The National, not covered in Dxb based journals!
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