• Emaar plans hotels float

Dubai developer Emaar is planning to list its hotel division. No date has been set for the IPO, but executives want to move as soon as possible, reports Reuters.

The group sold a stake in its shopping malls business last month in an oversubscribed IPO that raised USD1.6bn. Despite the importance of tourism to the emirate, there are no hotel operators listed locally.
Read the full story here:
http://www.reuters.com/article/2014/10/02/emaar-properties-hotels-ipo-idUSL6N0RX1LG20141002
 
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