With that ever enthusiastic 
tagline, Dubai World intimated that it will invest up to $5.2 billion in MGM Mirage, making the state owned investment firm, a chief player in the biggest betting destination in the United States. MGM shares jumped as much as 10.5%. The company’s bonds surged on the pending $3.9 billion cash infusion shooting out from the deal as well as the premium Dubai offered for the shares. Dubai, part of the United Arab Emirates, has become a dominant player in global business and tourism. Attracted by the growth potential, even US oil services firm Halliburton Co., recently opened its headquarters there too.
For Complete IIPM Article, Click on IIPM Article
tagline, Dubai World intimated that it will invest up to $5.2 billion in MGM Mirage, making the state owned investment firm, a chief player in the biggest betting destination in the United States. MGM shares jumped as much as 10.5%. The company’s bonds surged on the pending $3.9 billion cash infusion shooting out from the deal as well as the premium Dubai offered for the shares. Dubai, part of the United Arab Emirates, has become a dominant player in global business and tourism. Attracted by the growth potential, even US oil services firm Halliburton Co., recently opened its headquarters there too.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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