ARAB COUNTRY BUYING 20% OF NASDAQ!
In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress. As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world. The transaction is being made through a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin Rashid al-Maktoum, the head of the Dubai ruling family. You will recall the uproar it created when Dubai tried to buy the major US ports. Because of the uproar the deal went south. This small westernized Arab country is also the corporate home to Halliburton- started in Duncan, OK- which moved there earlier this year. Read the whole story at the link below:
http://www.worldnetdaily.com/staticarticles/article57749.html
Friday, September 21, 2007
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