• Most Popular
  • Most Shared

Dubai's DIC looks to double assets to $25 bln

Mon May 19, 2008 8:39am EDT

Stocks

   

DUBAI, May 19 (Reuters) - Dubai International Capital (DIC), a $13 billion investment agency owned by the ruler of Dubai, said on Monday it plans to double its assets under management over the next two years to $25 billion.

Private Capital

DIC, which is a potential buyer of English soccer club Liverpool FC, made a slew of investments last year including $4 billion by its private equity arm in three European companies.

Its global equities division invested in European aerospace group EADS (EAD.PA) as well as Sony Corp. (6758.T) The investment agency said in April it was shifting its focus away from Europe and North America towards emerging markets, and hoped that they would make up 30 percent of DIC's investment portfolio. [ID:nL16509473]. (Reporting by Jason Benham; Editing by Quentin Bryar)

Private Capital


More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle