Dubai Investments has secured 700 million dirhams ($190.6 million) of a 1.2 billion dirham loan it wants to raise, but will post a weaker third-quarter profit because of provisions, the firm's chief executive said on Tuesday.
The company, in which sovereign fund Investment Corporation of Dubai (ICD)owns an 11.5-percent stake, sees third-quarter profit of 30 million dirhams, compared to a profit of 213.61 million dirhams a year-ago, chief executive Khalid Bin Kalban told reporters at a press conference...............................................Full Article: Source
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