Friday 29 March 2024
 
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Dubai fund

Dubai fund Abraaj set to slash nearly 15pc jobs

Abraaj Group, the Middle East’s largest buyout fund, is cutting about 15 per cent of its total workforce as it seeks to trim costs, placate investors and curb the tumult that followed allegations of misused funds, said a report, citing p

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Dubai fund DIC eyes key asset sales in 18 months

Dubai International Capital (DIC) should complete the sale of the two main assets remaining in its portfolio within 18 months, which will provide it with cash to cover its outstanding debt well ahead of scheduled repayment in two years.

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Dubai fund eyes Risanamento Milan sites

Italian real estate company Risanamento will discuss the sale of two building development sites in Milan with Dubai's Limitless, part of Dubai government investment firm Dubai World. Risanamento said in May it had had strong interest from

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