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Wednesday, August 27, 2008

Qatar To Save UK Economic Crisis

LSE said it "welcomed" the 20% stakeholding from the Qatar Investment Authority. "The QIA and the Exchange have a long standing relationship based on plans to develop the Qatar marketplace and its potential for regional leadership in financial services.

The Exchange believes that, given the strength of Qatar's economy and the development of Doha as a major financial centre, there are significant opportunities to build further this relationship to the mutual benefit of both parties," the LSE said. A spokesman for the LSE declined to comment on the proposed 28% stake that Borse Dubai would take from the Nasdaq





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