13 October, 2006

What will happen to dear KT?

The Government of Dubai has taken a 30 per cent stake in Galadari Brothers Co, a family-owned group in the emirate that publishes the Khaleej Times, according to Dow Jones Newswires.

A court appointed by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, first restructured the group and then replced the board with a three-member temporary board, the financial news organisation said. [gulf news] [zawya]


Seabee said...

Now their debt's been written off maybe they'll be able to afford some professional journalists.

Woke said...

30% Government propaganda and 70% pure KT sounds like a lethal combination. :D

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