Tuesday, August 12, 2008

Dubai Invests in Canada

Two Dubai enterprises have bought a 20% stake in Canada's Cirque du Soleil.Cirque founder Guy Laliberte will retain control over the circus,which is based in Montreal.The terms of the deal were not disclosed.The state-owned enterprises,Nakheel PJSC and Istithmar World Capital PJSC,are units of the Dubai World holding company.Nakheel is a property developer,and Istithmar is an investment enterprise.Dubai is one of the United Arab Emirates.

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