Investment Corporation of Dubai (ICD), the emirate’s main state-owned holding company, is talking to banks to raise about USD1.1 billion in loans to fund the construction of a resort and an office tower. ICD, as the company is known, is seeking a USD700 million, 10-year loan to build a new Atlantis resort on Dubai’s man-made Palm Jumeirah island. A joint venture of ICD and Brookfield Property Partners LP is also seeking a seven-year AED1.6 billion (USD436 million) facility to fund the construction of the tower in the Dubai International Financial Centre. (Bloomberg)