03.05.2010 - DIFC Investments posts $561 mln loss on property
From Ameinfo.com: DIFC Investments LLC, the owner of the Dubai International Financial Centre tax-free business park, posted a $561.4 million-loss last year as it wrote down the value of properties amid falling real-estate prices in Dubai. DIFC had a profit of $842.5 million in 2008, the state- owned company said today in a statement to Nasdaq Dubai, where its $1.25 billion Islamic bond is listed. Revenue rose 29 percent to $891.7 million, helped by income from its U.K.-based Smartstream Technologies unit, which DIFC bought in 2007.............................................Full Article: Source
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