Dubai Investments (DIC) reported a 3% increase in net profit for 4Q16. The company recorded a profit of AED369mn for 4Q16. The company’s profit for 2016 was AED1.22bn, up 10% Y-o-Y. DIC has investments in a number of businesses across three core sectors – real estate, manufacturing and industrial and financial investments across the UAE and the Middle East. Investment Corporation of Dubai owns an 11.5% stake in DIC. (Reuters)
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