23 December, 2006

Dubai Investment Group - on the RUN

The Dubai Investment Group has become the biggest shareholder in a bank with assets worth $29bn following Cypriot lender Marfin Popular Bank's acquisition of Greece's Marfin Financial Group and Egnatia Bank, reported Emirates Today. The DIG bought 31.5% of Marfin Financial in May and also owns 5% of Marfin Popular. The new, enlarged Marfin Popular aims to list on the Athens bourse and in Dubai (ameinfo.com)

Dubai Investment and Dubai Holdings seem to be working aggressively to diversify and woe international interests to not only diversify the Dubai Market but also create more sustainability for it.

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