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Dubai denies it is in talks with Abu Dhabi on merger of assets of two emirates - News - Gulflance

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January 21, 2021
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Home » Dubai denies it is in talks with Abu Dhabi on merger of assets of two emirates – News
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Dubai denies it is in talks with Abu Dhabi on merger of assets of two emirates – News

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The Dubai Government urges media outlets to verify the accuracy of information before publishing such stories.

The Government of Dubai has denied media reports it is in talks with Abu Dhabi to merge the assets of the two emirates.

The Dubai Government urges media outlets to verify the accuracy of information and the credibility and trustworthiness of its sources before publishing such stories.

A statement from the Government of Dubai Media Office said: “Dubai is mounting a concerted effort to help all its sectors rebound from the impact of the worldwide crisis and ease the economic strains caused by the pandemic, which have been experienced by countries across the globe.”

Reuters had reported that the governments of Abu Dhabi and Dubai were likely to link up mega-assets in the two emirates, with Abu Dhabi’s Mubadala fund playing a key role.

“The most likely deal to happen in the near term is a merger of the local stock markets,” Reuters reported.

 





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