Investment Corporation of Dubai reveals first financial results - FT.com:
"Dubai’s state holding company has for the first time revealed financial results, as the Gulf emirate seeks to tempt investors back to its reviving economy.
The Investment Corporation of Dubai (ICD), owner of many of Dubai’s corporate jewels, such as the Emirates airline, the airport duty-free business and Emaar, a property developer, unveiled the detailed numbers as part of a move to raise about $750m in its first Islamic bond issue.
The prospectus accompanying the sale revealed that revenues at ICD, a barometer of Dubai’s economic health, rose 18 per cent to $24.8bn in the second half of 2013, driven by increased airline passengers."
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