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ICD

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ICD says Dubai Duty Free ups loan to $1.5 billion

Airport retailer Dubai Duty Free has increased the size of a multi-tranche loan facility it is currently raising to $1.5…

May 22, 2012 9:20
 
ICD

Investment Corp of Dubai sees no need for bond issue

The Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth arm, has no current plan to issue a bond this…

May 20, 2012 9:39
 
Dubai may use sovereign fund to repay debt

Dubai may use sovereign fund to repay debt

Dubai could use the $3.8 billion raised by its sovereign wealth fund to pay for its debts, as Dubai entities still have about $10 billion due next year.

December 6, 2011 3:46
 
Dubai Investments Q2 net profit falls 30 percent

Dubai Investments Q2 net profit falls 30 percent

Q2 net profit 137.9 million dirhams - Reuters calculations; Co says total income 1.37 bln dirhams; Negotiations for additional facilities to conclude in H2 - CEO

August 9, 2011 2:30
 

Dubai shares fall to two-month low

Dubai shares fell to their lowest level in two months, with the Dubai Financial Market General Index falling to 2,073.66…

November 22, 2009 4:58
 
It’s a family affair, for now

It’s a family affair, for now

Sheikh Mohammed has reshuffled a number of high profile individuals, and replaced them with members of his family and his inner circle.

November 22, 2009 2:10