DUBAI / Reuters Investment Corporation of Dubai (ICD), the Dubai government’s main investment arm, has raised a $1.2 billion loan needed to refinance existing debt, banking sources said. The loan was led by Citi, Dubai Islamic Bank, Emirates NBD, HSBC, ICBC and Standard Chartered. The Dubai sovereign wealth fund, whose portfolio includes stakes in companies such as Emirates Airline and ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) and Abu Dhabi Ports have launched a facility that will reduce trucking of EGA’s aluminium within the Khalifa Industrial Zone Abu Dhabi (KIZAD) by over 290,000 kilometres per year, reducing costs and environmental emissions. The new container freight station will be used to load metal into containers for transfer onto ships for ...

ABU DHABI / WAM The Abu Dhabi Investment Authority (ADIA) on Tuesday announced its intention to establish a presence at the Abu Dhabi Global Market (ADGM) in the International Financial Centre of Abu Dhabi. ADIA manages a global investment portfolio that is diversified across more than two-dozen asset classes and sub-categories. ADIA’s managing director Sheikh Hamed bin Zayed Al Nahyan ...