DUBAI (Zawya Dow Jones)–The merger of Dubai’s Emaar Properties Emaar Properties PJSC (EMAAR.DFM) and three state-controlled property firms could prompt a wave of consolidation in the struggling emirate, analysts say.
Exec: Memory biz needs more consolidation (EE Times Asia)
The memory industry’s business model sector is broken, prompting the need for more rational behavior and consolidation in the industry, according to an executive at the Memcon technology event.
Emaar downplays debt burden of Dubai property merger (AFP via Yahoo! News)
Dubai real estate giant Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion dollars, seven percent of combined assets.
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