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Any discussion on Dubai sell its participation in the London Stock Exchange is likely to incite the Qatar to offer counter for actions.

Abu Dhabi family decision advised by Goldman Sachs, has offered $1. 5bn (￡ 967 m) for 20pc of Dubai on the London Stock Exchange and Nasdaq, 17pc participation holding U.S. Exchange. He also accepted an evaluation. 75bn $ 2 for the DMF - Dubai - Award to a merger agreement exchange of Dubai with its own, called ADX.

Any discussion on Dubai sell its participation in the London Stock Exchange is likely to incite the Qatar to offer counter for actions.

Qatar Investment Authority (QIA) has a 15pc stake in the London Stock Exchange which out-dates own held in Dubai. When purchased Dubai first dress the Qatari were said to be angry. Insiders give suggests would very ill at ease with the property exchange hands and end up with Abu Dhabi. QIA would probably offer a premium in Abu Dhabi for the shares, but would require in support of the shareholders of the London Stock Exchange to enable it to increase its participation over 9pc 29 without having to bid for the entire company.

Abu Dhabi is regarded as having the winning hand because it offers a solution on DFM ruling and German family Dubai - who owns 75pc in DMF and issues of London and the Nasdaq Stock Exchange.

Talk about a merger between the two exchanges have been simmering for much of the year, with analysts suggesting such an approach could reduce costs and help to attract more foreign investors. However, at an impasse in the negotiations at the end of the summer when private equity funds Abu Dhabi EIA has sought to become involved.

Instead of this, the ruling family of Abu Dhabi has begun discussions with the ruling family of Dubai. Initially, Dubai has rejected any sale issues. Merger discussions was also complicated by disagreements in assessment that Dubai Exchange has more revenue because it lists companies more global social capital Abu Dhabi Exchange is larger.

Week last German Dubai have agreed to a refinancing loan of its. $ 5bn included to sell shares of Nasdaq 500 m $. In response, Abu Dhabi stated that he would accept the evaluation of DMF high if Dubai would part with the stakes of the London Stock Exchange and Nasdaq.

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DUBAI (AFP) – Borse Dubai, a majority stake-holder of Dubai Financial Market, has sold a 672 million-dollar share of its stake in Nasdaq OMX to help repay a 2.45 billion-dollar loan that matures in February.

The company sold 22.78 million shares for 497 million dollars to Nasdaq OMX itself, and eight million shares worth 175 million dollars to Nomura, it said in a statement carried by local media on Friday.

Borse Dubai, owned by the Dubai government holding group Investment Corporation of Dubai (ICD), also raised 428 million dollars through a three-year loan arranged by Nomura and government-owned Emirates NBD bank for the repayment of the same loan.

It said it reached an agreement with its existing banking group to complete the refinancing of the remaining portion of the 2.45 billion-dollar loan which matures by the end of February.

The Financial Times said Friday that Borse Dubai was forced into a quick sale as the maturity date of its loan loomed while it failed to conclude a strategic sale of its assets.

"We are very pleased to have completed this refinancing and to have partially de-leveraged and partially extended the term of Borse Dubai's facility for a further three years," ICD chief executive Mohammed al-Shaibani said in the statement.

"Borse Dubai remains a committed, long-term shareholder of Nasdaq OMX and by entering into these transactions it has been able to achieve its financing objectives while retaining substantial economic interest in Nasdaq OMX," he said.

He pointed out that Borse Dubai "remains the single largest shareholder of Nasdaq OMX."

Borse Dubai had acquired a 28-percent stake in Nasdaq OMX in 2008 through a deal in which it sold its then recently acquired Nordic and Baltic stock exchange operator OMX to the US exchange, Nasdaq.

It also holds a stake of about 20 percent in the London Stock Exchange and a one-third stake in Nasdaq Dubai, with DFM holding the other two thirds.

The deal comes after Dubai announced it might sell some of its assets in order to repay debt piled during five years of economic boom.

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