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
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
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
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.
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
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.
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
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
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
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