Dubai Buys A Portion of NASDAQ

At a time when we should be quarantining the Muslim world, and stopping all Muslim immigration to the U.S., and finding another source of energy to replace oil, how on earth could we allow a terror supporting country to buy a part of NASDAQ?

In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress.

As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world.

The transaction is being made through Borse Dubai, a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin Rashid al-Maktoum, the head of the Dubai ruling family.

Naturally, the terrorist loving New York Times sees this deal as a good thing.

By buying into Nasdaq, Borse Dubai would gain expertise. For Nasdaq, the deal means that its chief executive, Robert Greifeld, can fulfill his goal of creating a more global stock market. He has failed to combine with the London exchange in the past, while the rival NYSE Group successfully merged with Euronext.

Borse Dubai’s chairman, Essa Kazim, said, “Our primary objective is to build a world class, growth-oriented exchange out of Dubai and to become the center for capital markets activities in the emerging markets.”

This needs to be stopped!