ArabianBusiness.com - Middle East Business News
Monday, 20 May 2024 02:53 UAE time

YOUR DIRECTORY /

Dubai International Capital (DIC)

Main Category: Investment Companies
First Address : PO Box 72888
Second Address : The Gate, East Wing 13th Floor, DIFC
City : Dubai
Country : United Arab Emirates
Phone: 971 4 3304444
Fax: 971 4 3304888
Email: info@dubaiic.com
Website: www.dubaiic.com


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ALL STORIES LIST


Dubai debt revamp gains pace with DIC asset sale proposal

Sources say Dubai Int'l Capital has presented plans to sell assets to repay $2.6bn.

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Dubai's DIC in 2nd loan delay; eyes asset sales - sources

Dubai Int'l Capital seeks standstill until Nov 30; DIC restructuring plan includes asset sales.

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No impact in Dubai Legoland park plans despite stake sale

Slowdown in Dubai market has been a factor in project's slow progress, operator said.

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Dubai-owned Alliance Medical may be put up for sale

UK hospital scanner business sale set for board approval on Wednesday - paper.

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Dubai's DIC toasts end to Almatis battle

Dubai Int'l Capital to focus on bringing German aluminium maker Almatis out of bankruptcy.

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Oaktree objects to Dubai's plan to revamp Almatis

Oaktree says DIC's proposal will 'saddle business with too much debt'.

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DIC presents plan to keep control of Almatis

Plan would derail a competing plan by Oaktree which is aimed at controlling Almatis.

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Oaktree may revise Almatis debt plan after Dubai proposal

Oaktree plans to offer junior lenders of German firm some immediate recovery of their debt.

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Founder Sameer Al Ansari quits DIC

Dubai Int'l Capital's non-executive chairman and former CEO resigns to focus on role at Shuaa Capital.

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Dubai's DIC sells off listed investments - source

Stakes in EADS, Sony, ICICI were all sold after the financial crisis broke in 2008.

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Dubai's DIC seeks debt delay

UPDATE 2: DIC seeks three-month extension to 30 Sept 2010 of certain maturities.

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Dubai Holding said to have $12bn debt, seeking roll over

Almost three fourths of the loans have been racked up by Dubai Group and DIC.

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Dubai gets JPMorgan, BofA loan refinancing to keep Almatis unit

DIC is challenging Oaktree plan to seize control of Almatis after unit violated loan terms.

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DIC to continue Almatis debt revamp efforts

Refinancing to prevent US chapter 11 bankruptcy being filed for Almatis.

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Dubai International Capital to challenge Oaktree takeover

DIC planning to repay senior lenders through a sale of high yield bonds sources said.

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Dubai’s debt move

Investors anxiously await the fate of Nakheel’s $3.5bn sukuk, & the next installment of Dubai’s $10bn bailout fund.

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MENA Infrastructure Fund buys 32.8% of United Power

Purchase follows auction process after watchdog required GDF Suez to sell stake.

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DIC believes crisis still to hit bottom

CEO of Dubai International Capital, owned by Dubai ruler, says recession will take a few years more.

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Happy returns

Reeling from huge losses on global stock markets, Gulf financiers are resuming focus on home economies.

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Dubai Holding merges 'back offices' of two subsidiaries

Restructuring is likely to result in minimal job losses, according to a company official.  

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Abu Dhabi buys in to the beautiful game

For all the talk of the DIC’s (Dubai International Capital) interest in Liverpool over the last couple of years, no one expected Abu Dhabi to enter the fold and snap up Manchester City at the start of September for around $400m, promising to make it the ‘biggest club in the Premier League’.

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DIC assets drop as much as $3bn amid crisis

UPDATE 4: Dubai International Capital assets now 'north of $10bn', CEO says.

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DIC: Resources exist to refinance Dubai debt

UPDATE 1: Dubai's GDP ratio at better levels than many countries, CEO Al-Ansari says.

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'The most difficult investment time ever' - DIC chief

EXCLUSIVE: Dubai International Capital boss says it is 'not a time to be brave'.

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DIC-owned budget hotel chain launches price war

British-based Travelodge's $8mn worth of price cuts in bid to boost business.

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Al-Ansari: Dubai debt 'manageable'

WEF: Dubai International Capital CEO says emirate will not need 'bail out' due to credit crunch.

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They think it’s all over

The global slowdown is set to arrive on the terraces of English clubs, and Gulf investors are getting cold feet.

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DIC hires Merrill man to boost private equity team

$13bn buyout company makes two new key appointments to its senior staff.

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DIC dismisses Premier League takeover talk

Denial comes as Newcastle Utd owner Ashley visits UAE looking for a buyer.

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Newcastle Utd chief 'in UAE to find club buyer'

UPDATE 1: Dubai International Capital chiefs rule themselves out of possible deal.

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Abu Dhabi steps out of the shadows

Trying to find a Man City shirt for our cover shoot took longer than Abu Dhabi spent buying the club.

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DIC eyes sports group bid

Dubai firm may pay up to $3bn for management group representing Justin Timberlake.

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Dubai investors eye Tottenham takeover

Investors already contacted owners of English football club, which is valued at around $488mn.

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DIC avoids 'risky' US deals

UAE private equity house avoids transactions at risk of political opposition in the US.

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Going to seed

The Arab Business Angels Network has made its first investments, but still wants more members.

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Private party

Gulf economies could generate $1 trillion budget surpluses in a decade, fuelling a private equity boom.

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Battles for control of Liverpool drags on

Situation deadlocked as feuding US owners refuse to sell 50% stakes to each other, Hicks still snubbing DIC.

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DIC shifts focus away from US, Europe

Dubai Investment Capital looks toward China and Middle East for profits rather than troubled West.

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Dubai, China launch $1bn fund

Dubai International Capital and First Eastern Investment join forces to tap massive Asian growth.

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Fever pitch

DIC's Sameer Al Ansari discusses Liverpool, and where the $13bn buyout firm will spend its war chest in 2008.

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Stars in his eyes

It will be a busy summer for Zabeel Investments, as it lines up a series of high-profile US acquisitions.

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Liverpool deal over - DIC

EXCLUSIVE: Dubai International Capital withdraws from bid to buy club until owners reach deal, CEO says.

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Virgin in funding talks with DIC

Dubai's $12bn wealth fund may take stake in Richard Branson's mobile phone, health club empire.

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UAE targets $2bn of new deals in China

UAE IN CHINA: Speculation grows of Dubai-China fund for investments into Chinese companies.

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Dubai takes stake in Asian wellness group

State-owned DIC acquires stake in Singapore-based True Group to tap growing potential in region.

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Dubai in $1.4bn bid for healthcare group

State-owned DIC and private equity firm Bridgepoint plan offer for Euromedic International.

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Wealth funds turn back on Wall Street

State-owned funds ominously absent from rescue of latest casualty in financial crisis engulfing US.

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Liverpool talks not dead

Dubai will continue talks with US co-owners despite recent announcement deal was off, source says.

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Dubai's Liverpool bid on the rocks

Co-owner Hicks terminates negotiations with Dubai International Capital over stake in club.

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DIC denies Liverpool deal sealed

Dubai International Capital does confirm it is in 'advanced discussions' with US co-owners.

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Gillett agrees to sell Liverpool stake to Dubai

Co-owner to sell 49% of football club for estimated $343mn, lead negotiator says.

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Private party

Gulf budget surpluses are fuelling a boom in private equity deals and the expansion of family-run firms.

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The lenders of last resort

More transparency from sovereign wealth funds could ensure the SWF storm stays in the teacup where it belongs.

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Hicks seeks funds in Liverpool takeover battle

Co-owner trying to raise funds to match offer from Dubai and retain control of club.

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DIC denies Citi asked for funds

Dubai International Capital dismisses rumours embattled US lender approached them for cash.

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Dubai still bullish about Liverpool takeover

DIC says it will end up as owner of club despite $800mn offer rejection, report says.

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Liverpool owners reject $800mn Dubai bid

Hicks bids for Gillett's share in club after turning down offer from DIC, report claims.

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'A lot more money' needed to save Citi

Investment from Abu Dhabi, Kuwait and Saudi Arabia's Prince Alwaleed not enough, DIC chief executive says.

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Liverpool owners in 'dreamland' over club value

Hicks and Gillett asking for too much for stakes in English football club, DIC says.

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Angels in Arabia

Business angels are the saviour of many start-ups in the US and Europe, but now Arab investors are looking at early stage private equity investment, with the launch of a new network aiming to match regional capital with regional entrepreneurs.

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Dubai International Capital focuses on Saudi

DIC to launch US$500m division in Kingdom, replicating JD Capital model.

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Deathbed looms for breakfast between sheets

Three-quarters of people think breakfast in bed on way out, survey reveals.

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DIC plans $500mn Saudi private equity fund

Saudi Dubai Capital will replicate the structure used in Jordan with JD Capital, CEO says.

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Dubai to invest $5bn in emerging markets

Dubai International Capital plans to tap rapid growth prospects of India, China and Japan over three years.

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The beautiful game doesn’t mean beautiful profits

Football, whichever way you look at it, is not a business in which you will make money quickly.

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Perfect match?

As Liverpool's owners struggle to make the team a financial success, could Arab investors save the day?

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Dubai lining up Liverpool takeover

DIC on verge of lodging offer for football club as current owners struggle to refinance debt, report says.

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Dubai International Capital

Sameer Al Ansari, CEO of Dubai International Capital, tells Daniel Stanton how the firm is positioning itself as a global private equity player.

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Value-conscious investment

Dubai International Capital (DIC), the major stakeholder in Ishraq Gulf Real Estate Holding Company, has explained its reasons for investing in Express by Holiday Inn.

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Zabeel Investments revealed as second Sony buyer

Dubai private equity firm co-investor in recent acquisition of Sony stake.

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Dubai takes 'significant' stake in Sony

State-owned Dubai International Capital makes investment in Japanese conglomerate.

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Dubai Investment eyes Far East listed firms

DIC looks to invest firms like Singapore Telecom and DBS Group Holdings.

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Dubai borrows $1.26bn to pay for hedge fund

Och-Ziff agreed to sell a 9.9% stake to Dubai International Capital in October.

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DIC breaks into healthcare with $1.25bn acquisition

Dubai investment firm buys UK scanner service provider Alliance Medical.

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DIC buys 'significant' stake in UAE retailer

State investment firm says stake in Rivoli part of strategy to help Gulf family-owned businesses.

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Gulf deals top $60bn since March

Credit squeeze strangles global M&A activity, but the Gulf still spends $10 billion per month on buyouts.

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DIC sets up specialised divisions

Dubai International Capital (DIC), the investment arm of Dubai Holding, has created four specialised investment divisions, which it says will allow it to diversify and boost its assets.

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EADS on road to recovery, claims DIC

Shareholder Dubai International Capital says EADS stock undervalued, but strong euro remains a concern.

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DIC mulls $10bn investments

Dubai International Capital is considering investments in European and Japanese companies.

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Sporting chance

What Mohammed Al Hashimi did after he failed to get his hands on one of the world's most famous football teams.

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Zabeel says part of EADS purchase

Dubai-based investment firm says stake will help expand UAE aviation sector.

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Gulf's 2007 foreign investments hit $40bn

It's only July, but the region's investors have already splashed out billions on M&A - from Airbus to Vivendi.

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Dubai buys stake in Airbus parent

The emirate - already the biggest customer of the delayed A380 'superjumbo' - has bought a 3.12% stake in EADS.

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Funding growth

How real estate investment trusts can reap huge dividends for investors in the Middle East.

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Mubadala denies Jaguar, Land Rover speculation

Mubadala has denied a British newspaper report that it is in the running to buy the luxury car brands.

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Gulf funds eye $6bn Jaguar, Land Rover bids

Abu Dhabi and Dubai state-owned funds are planning a bid for the 'trophy' carmakers.

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Zabeel is mystery Liverpool FC bidder

Zabeel Investments was part of the Dubai-led consortium that failed to buy Liverpool FC.

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The Middle East’s Mancunian candidates

Last week investors in London awoke to a flurry of activity amid speculation that Manchester United - the most famous football brand on the planet - was up for grabs.

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Dubai's DIFC buys $1.8bn Deutsche stake

The 2.2% stake in the bank follows last year's investment in exchange operator Euronext.

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Dubai takes 'substantial' stake in UK's HSBC bank

NewDawn GSE Asset Management Limited has become a leading shareholder in global financial services firm HSBC Holdings plc.

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Revealed: Gulf's most admired companies

Arabian Business has published its '50 Most Admired' list of regional companies.

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Dubai reduces DaimlerChrysler stock

DIC has cut its stake in the auto maker to profit from a higher share price.

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Qatar sets its sights on Gunners

An interesting pitch battle is shaping up at the English Premier League football club Arsenal.

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Blackstone to buy Tussauds owner for $1.9bn

Dubai International Capital - which bought the waxwork museum group in 2005 - will retain a 20% stake in what is set to be the second-biggest theme parks business after Disney.

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DIC in Rivoli bid

Dubai International Capital is in negotiations to buy luxury brand retailer Rivoli Group.

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Playing a dangerous game?

In the wake of DIC's withdrawal from the race for Liverpool FC, Andrew Mernin and Andrew White examine the business end of the 'beautiful game'.

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Dubai International Capital beefs up its board

Former British Telecom CEO, Sir Peter Bonfield, joins board under new Chief Operating Officer Anand Krishnan.

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Final whistle on Liverpool takeover

The English football club, subject to an abandoned takeover by Dubai, has agreed to a bid by George Gillett.

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Dubai International Capital's temper tantrum

We're going home and we're taking the ball with us.

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1-1 to the UAE

The country may have gone football mad, but it has not lost its head in business.

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Growth potential

There are growing opportunities for private equity investors as regional businesses realise the advantages of external funding and demand for infrastructure projects increases

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Dubai abandons Liverpool takeover

DIC pulls the plug on acquisition as Liverpool board stalls to considers rival offer.

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DIC set to wax lyrical in Dubai

The Dubai investment arm is to give Tussauds a $75m boost in the US and start a UAE operation.

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Dubai admits rival bid for Liverpool

But the emirate still expects to win the game, despite a higher offer for the football club.

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Liverpool bid: DIC don’t ‘walk alone’

But US billionaire George Gillett's renewed interest in the English football club hasn't stopped Dubai.

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Dubai's promotion to the first division

Dubai looks set to enter the first division of world football, with news that the state owned corporation Dubai International Capital (DIC) is closing in on a buyout of English Premier League giant Liverpool.

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Dubai-Liverpool FC deal ‘imminent’

The English football club anticipates a $880m takeover by Dubai International Capital to be completed soon.

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DIC: profit not only goal of Liverpool bid

Dubai International Capital has denied reports that it plans to sell on the English football club in 7 years.

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Brunswick to help in Liverpool FC bid

British PR agency Brunswick has been hired to advise Dubai International Capital on its plan to buy Liverpool Football Club.

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UAE stocks up as Dubai investors build overseas

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The world is my oyster

Dubai International Capital’s Sameer Al Ansari is on full throttle to corner huge investment opportunities in the Middle East and beyond. Alexandra Dubsky reports.

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Golden times

Dubai Investment Capital has realised that the biggest prize lies abroad, writes Anil Bhoyrul.

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NewDawn to manage US $2 billion

Dubai International Capital LLC (DIC), the international investment arm of Dubai Holding, has launched NewDawn GSE Asset Management Limited (NewDawn)

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Dubai snaps up Travelodge

PE arm of Dubai government buys UK hotel chain

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Al Ghurair to chair Arab Business Angels Network

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