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Investment Corporation of Dubai

Investment Corporation of Dubai News

The “inflationary increase in the cost of living" is thought to have prompted the focus on personal savings

Mena professionals vow to build up their savings in 2023

Saving money is the top new year’s resolution for Mena professionals, a survey has found. In the poll by jobs site Bayt.com, almost two-thirds (63 percent) of the 2,988 respondents said building a nest egg was their No 1 priority for 2023. Keren Bobker, a Dubai-based independent financial adviser and senior partner at Holborn Assets, […]

Dubai Marina

Dubai investors scramble for prime development plots

Dubai’s dwindling number of prime development sites is keeping prices high and competition fierce in this segment of the emirate’s property market. Waterside plots connected to existing infrastructure are in especially short supply, experts have said.  Earlier this month an undisclosed Dubai-based developer bought three adjoining plots spanning 1.7 million sq ft in Dubai Marina […]

ICD's investment portfolio includes some of Dubai’s biggest companies, including Emirates National Oil Company (Enoc), Emirates airlines and the Commercial Bank of Dubai

Dubai’s wealth fund hunts for opportunities after H1 profit

The Investment Corporation of Dubai (ICD) said it would remain “cautious and selective” when making new investments, having reported a tenfold annual increase in net profit to $4 billion for the first six months of 2022.  Described by ICD as “exceptional”, the results mark a return to pre-pandemic-level earnings by the Dubai sovereign wealth fund, […]

Taaleem

School operator Taaleem up next in string of Dubai IPOs

UAE schools operator Taaleem Holdings is the latest in Dubai’s string of initial public offerings (IPOs) as the emirate continues to open up key state-owned assets for investment. Dubai’s privatisation drive this year to raise revenue and boost investor interest includes the listing of 18 percent of utility company Dewa on the Dubai Financial Market. It […]

The Shard, London

Gulf SWFs are back on a roll but beware Russian ties

Buoyant oil prices are keeping Gulf treasuries full following the pandemic The past few years may have been decidedly mixed for Gulf sovereign wealth funds (SWFs), but with a recent surge in oil prices and lockdowns ending the pressure is now easing.  During the Covid-19 pandemic many funds found their reserves heavily depleted by governments […]