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Dubai wealth fund ICD posts $2.9bn profit, up 4.4%
Dubai's sovereign wealth fund on Thurday announced half-year revenues of AED106.3 billion ($28.9 billion) and a net profit of AED10.5 billio ($2.86 billion). Investment Corporation of Dubai said revenues fell by 7.7 percent decrease compared to the year-earlier period, resulting primarily from lower oil prices. Net profit grew by 4.4…
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