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FINANCIAL NEWS
ICD six-month revenues decline by 19%
29 Dec 2016
(MENAFN) Investment Corporation of Dubai (ICD) posted that it has gained a net profit of Dh10.3 billion during the six-month period ended in June.
Moreover, the ICD’s revenues for the mentioned period have reached Dh82.5 billion, down by 7.8% from the same period in 2015. Meanwhile, net profits were decreased by 19.4%.
On the other hand, these results has achieved against a backdrop of lower oil and commodity prices, a strong US dollar against other main currencies, and lackluster global economic expansion.
M
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