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Dubai wealth fund ICD posts Dhs60 8bn in full-year profit

Dubai fund ICD posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses.

United arab emiratesChristopher pike gettyMohammed al maktoumMohammed ibrahim al shaibaniInvestment corporation of dubaiEmaar propertiesCouncil of dubaiDubai taxi companyEmirates groupEmirates national oil companyDubai investment fundInvestment corporationSheikh hamdanCrown princeExecutive council

Mubadala s asset under management rise to $302bn

Abu Dhabi wealth fund Mubadala reported proceeds of Dhs99bn in 2023, which includes divestments of certain legacy assets and capital recycling.

United statesAbu dhabiAbuz abyUnited arab emiratesChristopher pike gettyAbu dhabi investment authorityMubadala investment companyInvestment companyAbu dhabi investmentNorth america

Dubai regulator DFSA posts 25% increase in licencing in 2023

Dubai regulator DFSA posts 25% increase in licencing in 2023
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

United arab emiratesChristopher pike gettyFadel al aliDubai international financial centreDubai financial services authorityThreat intelligence platform

Spinneys shares surge above 11% on trading debut

Spinneys shares surge above 11% on trading debut
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaUnited statesAr riyaAl bwardyChristopher pike gettyFranklin templetonEmirates international investment companyAl ansari financial servicesRothschild coAbu national holdingAbu dhabi based national holding

Presight acquires 51% stake in G42, ADNOC joint venture

ADNOC will take a 4 per cent stake in Presight currently owned by G42, in exchange for 11 per cent of its shareholding in AIQ.

Abu dhabiAbuz abyUnited arab emiratesPeng xiaoChristopher pike gettyPresight ai holdingAbu dhabi government backedAbu dhabi backed

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