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FINANCIAL NEWS
ICD acquires Dubai World’s Atlantis hotel
05 Dec 2013
(MENAFN) Investment Corp of Dubai (ICD) has announced its acquisition of the Atlantis hotel, previously owned by Dubai World, Arabian Business reported.
Deputy chief executive officer of ICD said: “Our acquisition of an asset that is a major contributor to the domestic tourist industry is in line with our overall strategy to support long-term sustainable growth for Dubai.”
This sale comes as part of Dubai World’s series of asset sales to repay its debts following the USD25 billion restructuring two years ago.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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