| Investment Corporation of Dubai (ICD), the government investment group, has struck a landmark deal with the sovereign wealth fund of South Korea to cooperate on financial opportunities around the world. The deal – signed in Dubai – involves ICD and Korea Investment Corporation (KIC) developing a platform that “facilitates communication between the two organisations, while empowering them to jointly explore investment opportunities in the UAE, South Korea and other countries”, ICD said.
ICD holds valuable stakes in assets such as Emirates Airline, Emirates NBD, and the Dubai Electricity and Water Authority. It has assets valued at US$160 billion, according to a bond prospectus issued last year...............................................Full Article: Source
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