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Dubai’s ICD posts 18% jump in H1 2013 revenue

: Sunday, May 11 - 2014 @ 01:07

Investment Corporation of Dubai (ICD) has reported 18% rise in revenue in the first half of 2013 to Dhs91.2bn ($24.8bn), compared with Dhs77.3bn in the same period in the previous year, Reuters has reported. However, net profit dropped to Dhs8.1bn from Dhs8.5bn in the year-earlier period, which ICD blamed on administrative expenses and higher finance costs.

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Sunday, May 11- 2014 @ 1:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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