Tuesday 19 March 2024
 
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Investment Corporation of Dubai

Dubai FM group celebrates success of strategic tie-ups

Imdaad, a Dubai-based group of companies that provides integrated and sustainable facilities management (FM) services, recently honoured more than 30 suppliers and partners for their contributions to the company’s outstanding growth and tr

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Dubai ICD's portfolio grows 6.9pc to $209.5bn

The Investment Corporation of Dubai (ICD) has announced its consolidated financial results for the year ended  December 31, 2016 demonstrating robust revenues of Dh176.3 billion ($48 billion) and a net profit of Dh22.1 billion ($6 billion).

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Dubai, Korea ink tie-up for global investments

Investment Corporation of Dubai (ICD), the sovereign wealth fund of the Emirate, and the Export-Import Bank of Korea (Kexim) have agreed to form an alliance to explore international investment and export prospects. Investment Corp

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ICD tightens price guidance ahead of $1bn bond

Investment Corporation of Dubai (ICD), the state-owned fund which holds stakes in some of the emirate's top companies, has tightened price guidance ahead of its debut bond and sukuk issue later on Wednesday, a document from lead arrangers sa

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Dubai fund revenue up 18pc to $24.8bn

Investment Corporation of Dubai (ICD)'s revenue rose 18 percent in the first half of 2013, the fund said in financial results made available before its debut bond offering. The fund, which holds stakes in some of the emirate&#

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ICD strategic partner for investment event

The Investment Corporation of Dubai (ICD) has announced its strategic partnership with the Annual Investment Meeting for its third edition to be held in Dubai from April 30 to May 2. The event will be held under the patronage of S

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Dubai Duty Free eyes $1.5bn loan

Airport retailer Dubai Duty Free (DDF) has increased the size of a multi-tranche loan facility it is currently raising to $1.5 billion, driven by high interest from local and international lenders, said a senior government official. "We ar

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Dubai fund says no bond issue this year

The Investment Corporation of Dubai (ICD), the emirate's sovereign wealth arm, has no current plan to issue a bond this year and will likely pay off a $2 billion loan that is due next year, the fund's CEO said. 'ICD at the mome

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Dubai eyes property revamp with $1bn fund

Dubai, whose 2009 property collapse led to a debt crisis, launched a $1 billion real estate investment fund along with Canada's Brookfield Asset Management in a bid to revive the battered sector and restore investor confidence. The emi

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Dubai to repay $4 billion loan in full

Investment Corporation of Dubai (ICD), the emirate's sovereign wealth arm, on Monday said it will repay in full a $4 billion loan maturing on August 21, financing it mainly with dividends from its investments. ICD had been expected to repa

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