Sunday 19 April 2015
 
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Dubai Internet City to host top Android developer forum

Dubai Internet City (DIC), a leading information and communication technology (ICT) hub in the Middle East and North Africa (Mena) region, is set to bring the world’s biggest android developer conference to Dubai next month.

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DIC launches sale of German aluminium group Almatis

Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has ma

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DIC mulls sale of UK engineering giant Doncasters

Dubai International Capital (DIC), a unit of Dubai Holding, the conglomerate owned by the ruler, is planning to launch a formal sale process for Doncasters, a British-based engineering aerospace group, which the company has been owning since 200

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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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DIC completes sale $1.7 billion of Mauser

Dubai International Capital (DIC), the private equity arm of Dubai Holding, has completed the sale of Mauser Group, a leader in industrial packaging to US-based private equity firm Clayton, Dubilier & Rice for about $1.7 billion.

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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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