Government's stake in Emaar unchanged

Dubai Government has not offloaded any fraction of its shareholding in Emaar Properties, the Dubai Financial Market said yesterday. Denying rumours the government, represented by Dubai Development and Investment Authority, had decreased its holding in Emaar, the DFM said the stake remains at 31.22 per cent, unchanged since June 30. Its ownership also remains at 11.53 per cent in Dubai Investments, 29.8 per cent in Dubai Islamic Bank, 55.63 per cent in EmiratesNBD, and 20 per cent in Commercial Bank of Dubai.