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Sunday, November 29 - 2009

DIB unit $2bn of funds

  • United Arab Emirates: Wednesday, November 15 - 2006 at 07:51

Millennium Finance, a unit of Dubai Islamic Bank has launched two $1bn private equity funds which it might list on the Dubai International Financial Exchange, reported Gulf News. The Islamic funds will invest in the telecoms, media, technology and energy industries in the Middle East, Africa and Asia. Investors would need to put up between $20m-$200m a time.

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