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What? I'm Shocked! In this one-industry town...
Emaar's annoucing a merger with Dubai Holdings and its assorted subsidiaries, and no one's yet posted a thread about it?
What does it mean? More layoffs, probably. Or is there anyone left to fire at these companies? |
Re: What? I'm Shocked! In this one-industry town...
Originally Posted by Ethos83
(Post 7706161)
Emaar's annoucing a merger with Dubai Holdings and its assorted subsidiaries, and no one's yet posted a thread about it?
What does it mean? More layoffs, probably. Or is there anyone left to fire at these companies? Dubai Holding is just a shell company, a sort of umbrella arrangement that brings together a variety of companies under government ownership. Each retains some degree of management autonomy. Emaar will presumably just slot in, making 8 entities not 7. Mind you, a more formal merger with Dubai Properties would seem logical. |
Re: What? I'm Shocked! In this one-industry town...
Originally Posted by Ethos83
(Post 7706161)
Emaar's annoucing a merger with Dubai Holdings and its assorted subsidiaries, and no one's yet posted a thread about it?
What does it mean? More layoffs, probably. Or is there anyone left to fire at these companies? |
Re: What? I'm Shocked! In this one-industry town...
Originally Posted by Blue Cat
(Post 7706276)
they haven't announced it yet, discussions under way apparently.
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Re: What? I'm Shocked! In this one-industry town...
Originally Posted by The Dean
(Post 7706259)
Emaar will presumably just slot in, making 8 entities not 7. Mind you, a more formal merger with Dubai Properties would seem logical. am no expert but i cant see it being this easy - and if anything it will be the other way around (DH entities coming under the Emaar banner ) - Emaar is a listed company on the DFX whilst DH entities are state owned... |
Re: What? I'm Shocked! In this one-industry town...
Where does that leave Nakheel
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Re: What? I'm Shocked! In this one-industry town...
Originally Posted by Desert Rat
(Post 7708797)
Where does that leave Nakheel
They are of course keeping all Emiratis there, so all lay offs will be Westerners :o |
Re: What? I'm Shocked! In this one-industry town...
There goes the company.....
Originally Posted by sg800
(Post 7709080)
They are of course keeping all Emiratis there, so all lay offs will be Westerners :o |
Re: What? I'm Shocked! In this one-industry town...
Intersting one
As foxes says. Emaar private. DH state owned Emaar still ok (ish) DH and all subsiduries vertually closed down so can actually see state off loading liabilities to private entity |
Re: What? I'm Shocked! In this one-industry town...
Emaar bought Hamptons International in the UK just before the house price crash. Hamptons is struggling and downsizing.
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