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Dubai Investments set to boost its portfolio

1/12/2015

Plans to conclude Dh400m acquisitions in financial, real estate sectors by mid-2015.

Dubai — Dubai Investments, or DI, has unveiled plans to further expand its diversified portfolio by announcing two acquisitions in financial and real estate sectors for Dh400 million.

The leading investment company, which is listed on the Dubai Financial Market, is expected to conclude both the acquisitions by mid-2015 as final round of talks are still under way, according to sources.

The new acquisitions are expected to reinforce Dubai Investments’ robust growth across its 40-plus subsidiaries and joint ventures, amidst surging trends and escalating investor confidence, DI said in a statement on Sunday.

The new financial entity, with expertise in asset management, corporate advisory, debt raising and brokerage capabilities, will augment DI’s capabilities in the sector.

“The strategic move to acquire a financial services company will help Dubai Investment to prepare some of the firms in its portfolio for initial public offering in near future,” the sources said.

Budget to lift Dubai growth

1/5/2015

Top executives say the finance document is certainly a confidence booster

Dubai: Dubai’s zero-deficit budget for fiscal year 2015 will boost business activity, stimulate economic growth and encourage investment into the emirate, top officials and senior executives say.

The Dh41-billion finance document, which shows first operating surplus of Dh3.6 billion in six years, is certainly a confidence booster for businesses and a real testament to Dubai’s prudent fiscal policies, they say.

Sultan Ahmed bin Sulayem, chairman of DP World, said Dubai is again underlining the growth of its economy by adopting the government sector’s no-deficit budget for 2015.

Dubai Investments set to boost its portfolio

Budget to lift Dubai growth

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