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Dubai sovereign wealth fund ICD’s 2017 profit posts 11.6 pct increase

By   /  June 12, 2018  /  Gulf Countries  /  No Comments

DUBAI, June 12 (Xinhua) –– The Dubai sovereign wealth fund Investment Corporation of Dubai’s (ICD) 2017 net profit represents 11.6 percent increase year on year “despite challenging market conditions,” United Arab Emirates (UAE) state news agency WAM reported on Tuesday. ICD, according to its website, controls stakes in well-known Dubai brands like Emirates Airline and […]

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World’s top wealth fund opposes Musk’s double roles at Tesla

By   /  June 6, 2018  /  Business  /  No Comments

OSLO: Norway’s $1 trillion wealth fund said on Wednesday it had backed an initiative to wrest the role of chairman away from Tesla Chief Executive Elon Musk. The proposal, which was defeated in a vote at Tesla’s annual meeting of stockholders on Tueday, represented the strongest challenge yet to Musk’s grip on the Silicon Valley […]

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UBS predicts Germany to win World Cup 2018

By   /  May 17, 2018  /  Sports  /  No Comments

BRUSSELS, May 17 (Xinhua) — Every four years, top financial institutions including UBS and Goldman Sachs will crunch their numbers and make predictions about the football World Cup. On Thursday morning, the European bank said that Germany is this year’s favorite to win the trophy in Russia. UBS said in a press release that its […]

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