Hedge Funds & Alternative Investments
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Dubai’s investment arm ICD posts $7.7bln net profit on tourism boom, high interest rates
Investment Corporation of Dubai, the main investment arm of the Dubai government, nearly doubled its net profit during the first half of the year as the local economy continued its growth momentum. The company reported on Thursday a net profit of 28.3 billion dirhams ($7.7 billion), up by 91% from…
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