Aerospace company Dubai Aerospace Enterprise (DAE) has repurchased a 4% shareholding that was held by Emaar Properties PJSC, returning the company to state ownership. “DAE is now 100% owned, directly and indirectly, by the Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai,” DAE said in a statement June 27. Emaar Properties was one of DAE’s founding shareholders when the company was formed in 2006. DAE CEO Firoz Tarapore said ...

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