The Investment Corporation of Dubai, the government's main investment arm, reported a 68 per cent increase in 2023 net profit this week, buoyed by its transportation, banking and financial services assets. ICD, which owns the Emirates airline and holdings in companies such as Dubai lender Emirates NBD (ENBD.DU), Emaar Properties…
Investment Corporation of Dubai (ICD) has delivered solid results for FY 2023 posting a record revenue of AED310.2 billion ($84.4 billion) and net profit of AED60.8 billion, up 68% over the previous year, driven by the transportation and assets growth.