Dubai’s ICD posts 18% jump in H1 2013 revenue
11/05/2014 1:07 am EDT

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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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