Tuesday 29 July 2014
 
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DIC

Tecom units welcome 181 new companies

Dubai Internet City, an ICT cluster, and the Dubai Outsource Zone, a freezone dedicated to the outsourcing industry, have welcomed 181 new companies last year.   DIC and DOZ are a part of Tecom Investments and ar

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Dubai mulls sale of German packager Mauser

The private equity arm of Dubai Holding, which is owned by the emirate's ruler, is considering the sale of German packaging group Mauser, three sources aware of the matter said. The deal is seen fetching between 1 billion euro

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Dubai Holding arm 'plans to sell Rivoli stake'

The private equity arm of Dubai Holding, which is owned by the emirate's ruler, is planning to sell its minority stake in a luxury retailer backed by Swatch, four banking and industry sources aware of the matter said. The unit

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Tecom appoints new managing director

Dubai-based Tecom Investments has appointed Majed Al Suwaidi as managing director of Dubai Internet City (DIC) and Dubai Outsource Zone (DOZ). Al Suwaidi will be responsible for furthering the success of DIC and DOZ and will work

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Etihad Rail, DIC ink MoU to build rail terminal

Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with Dubai Industrial City for the development of a rail terminal within the City. Signed by Dr Na

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DIC sells stake in $300m Mena fund

  Dubai International Capital (DIC), the private equity arm of Dubai Holding which restructured $2.5 billion debt in April, sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm

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Dubai Holding unit inks $2.5bn debt deal

Dubai Holding today announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately $2.5 billion of liabilities. Under the ter

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DIC launches $204m storage expansion

Dubai Industrial City (DI), a leading manufacturing area and a member of Tecom Investments, has launched the second phase of its warehouse and showroom development worth $204.21 million. The new phase, which will offer state-of-the-art sto

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DIC launches $204m warehouse development

Dubai Industrial City (DI), a leading manufacturing area and a member of Tecom Investments, has launched the second phase of its warehouse and showroom development worth $204.21 million. The new phase, which will offer state-of-the-art sto

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DIC completes 15 sq km of infrastructure work

Dubai Industrial City (DIC), a major manufacturing destination, has completed large infrastructural development work covering an equivalent area of 15 sq km (161 million sq ft) across the city. The second largest non-real estate project in

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