Friday 18 April 2014
 
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Investment Corporation of Dubai

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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Dubai ICD seeks $4bn loan refinance

Dubai's sovereign wealth fund, Investment Corporation of Dubai (ICD) has asked banks to submit proposals on a new $4 billion, five-year loan refinancing, banking sources said. The loan, which is the largest to emerge from Dubai since its

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Investment Corporation of Dubai finance chief quits

The chief financial officer of Investment Corporation of Dubai (ICD), the investment arm of the Gulf emirate, will step down after two years in the post, in the second high-level departure from the firm in recent weeks. ICD said in a state

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Investment Corporation of Dubai MD leaves post

The managing director of the Investment Corporation of Dubai (ICD), the investment arm of the emirate, has left the post, a government spokeswoman said. Abdulaziz Al-Muhairi will take up a new role within the investment body, the spokeswom

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ICD, Investors Club ink accession agreement

The Investment Corporation of Dubai (ICD), the investment arm of the government of Dubai, has signed a membership accession with the Long-Term Investors Club. The signing ceremony was held on the sidelines of the Paris Conference for Long-

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Borse Dubai begins 'talks for refinancing loan'

Borse Dubai has begun talks with banks over a syndicated loan that will refinance the company's $3.78 billion loan agreed in March to back its acquisition of Nordic exchanges group OMX, banking sources said. The original financing, whi

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