Middle East Deal Makers

Posted on September 21, 2007


Wall Street Journal,
September 21, 2007

As oil prices soar, Middle Eastern governments are demonstrating their clout in global financial markets — but doing so with a new political savvy

Yesterday saw a burst of deal activity involving Mideast governments, including a battle among two Persian Gulf emirates over the London Stock Exchange and a bid by one of them for a stake in Nasdaq Stock Market Inc. A third emirate announced an investment in Carlyle Group, a Washington-based private-equity firm known for ties to political heavy hitters such as former President Bush.

As Henny Sender, Chip Cummins, Greg Hitt and Jason Singer report, the governments [more].

Please click here to read the article from the Wall Street Journal.