Business | Markets
Emaar reconsiders plans to list on London Stock Exchange
Dubai-based developer Emaar Properties is reconsidering a plan to list shares on the London Stock Exchange (LSE) due to adverse conditions in global financial markets, its chairman said in remarks published on Monday.
- Agencies
- Published: 09:49 November 10, 2008
Dubai: Dubai-based developer Emaar Properties is reconsidering a plan to list shares on the London Stock Exchange (LSE) due to adverse conditions in global financial markets, its chairman said in remarks published on Monday.
"We have to reconsider that plan due to the current financial environment," Mohamed Alabbar said, according to daily Emirates Business.
Alabbar said last November that Emaar was looking at listing on the LSE within 12 months.
Share this article
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
It costs a million to raise a child
Generation Z doesn't leave home at 18, but stay with the parents until mid-20s
-
Investing in funds doesn't come cheap
Many people are unaware of the effect of different expenses on their returns
-
Firm turns televised events into marketing dream
Drops anchor in Dubai to sell world's richest yachting races
