| From Reuters: UAE-based conglomerate Dubai Investments Co posted a 3.3 percent rise in first-quarter net profit and expects a similar outcome for the second quarter. Dubai Investments -- partly owned by Investment Corporation of Dubai, the Gulf Arab emirate's sovereign wealth fund -- derives most of its revenues from the UAE and other Gulf Arab countries.
"We are forecasting that profit will be almost the same as Q1," Khalid Bin Kalban, who is also the company's managing director, said in a telephone interview.........................................Full Article: Source
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