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ICD benefits from robust capital, liquidity: Moody’sThe Islamic Corporation for the Development of the Private Sector benefits from a robust capital position and strong liquidity, although its weak asset quality remains a challenge, said Moody’s in its annual Credit Analysis report. More… |
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Investment Corp of Dubai H1 profit hits $2.8bnInvestment Corporation of Dubai (ICD) has announced its consolidated financial results for the six month period ended 30 June 2017 having achieved revenues of Dh93.2 billion ($25.3 billion) and net profit of Dh10.3 billion ($2.8 billion). More… |
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Work starts on Dubai's iconic One Za’abeel towerWork has started on One Za’abeel, an iconic new high-rise mixed development that will tower over Zabeel Park in Dubai, UAE. Located on Sheikh Zayed Road, One Za’abeel is a mixed-used development comprising two skyscrapers li More… |
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Nasdaq Dubai welcomes $1bn ICD sukuk listingNasdaq Dubai has welcomed today’s listing of a $1 billion sukuk by the Investment Corporation of Dubai (ICD) on the stock exchange. The listing reinforces Dubai’s position as the world’s largest venue for sukuk l More… |
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ICD six-month profits down 19pc to $2.8bnInvestment Corporation of Dubai (ICD) has announced a net profit of Dh10.3 billion ($2.8 billion) for the six-month period ended June 30, 2016. Revenues for the preiod was Dh82.5 billion, a decrease of 7.8 per cent compared to the More… |
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ICD to implement new Islamic finance modelThe Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model. The Islamic Corporation for the Develop More… |
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ICD, Brookfield launch $1bn mixed-use project in DubaiThe Investment Corporation of Dubai (ICD), a government-owned wealth fund, and Canada’s Brookfield Property Partners have broken ground on their 53-storey office and hotel tower project worth over $1 billion in Dubai, UAE. More… |
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ICD, Canada group to launch $1bn Dubai towerThe Investment Corporation of Dubai (ICD), a government-owned wealth fund, has partnered with Canada’s Brookfield Asset Management to launch a 50-storey office and hotel tower project worth Dh3.67 billion ($1 billion) in Dubai, UAE, said a More… |
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IDB unit secures $300m Islamic financingThe Islamic Corporation for the Development of the Private Sector (ICD) the private sector arm of the Islamic Development Bank Group (IDB) recently secured a 13-month $300 million Islamic Murabaha financing facility. The facility More… |
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ICD in deal to open ‘Islamic window’ in ChadThe Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed an agreement with a Chadian-Libyan bank The Banque Commerciale du Chari (BCC) for the establi More… |
