DUBAI, United Arab Emirates (AP) — Dubai’s state-owned sovereign wealth fund announced Tuesday a net loss of $5.1 billion over the past year, highlighting the toll that the coronavirus pandemic has wrought on the company’s vast assets and the uncertainty around the emirate’s post-pandemic recovery. The Investment Corporation of Dubai, the huge holding company behind many of the emirate’s industrial powerhouses, reported revenue of $37 billion in 2020, a sharp drop of over 40% compared to the year before. It marks the first loss in years for the investment arm of Dubai government, which boasts a range of assets, including the Middle East’s largest airline, Emirates, the lucrative Dubai Duty F
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