Thursday, August 13, 2015

Term of the Day: Investment Corporation Of Dubai (ICD)

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August 13, 2015
Investment Corporation Of Dubai (ICD)

The Investment Corporation of Dubai (ICD) is a government-owned investment organization that manages a sovereign wealth fund for Dubai, United Arab Emirates. The ICD's mandate is to generate investment returns while also benefiting Dubai. The fund is invested wholly in government-owned businesses.

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The ICD was established in May 2006 by transferring the assets from the Dubai Department of Finance's Investment Division to the...

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