Abu Dhabi's Mubadala to form JV with Mesirow

Abu Dhabi's Mubadala to form JV with MesirowAbu Dhabi-owned investment fund Mubadala and Chicago-based asset manager Mesirow Financial are all set to strike a deal for setting up a new joint venture company. The new entity would offer services in risk management in commodity and in the currency market. Chris Coombe, former chief operating officer of Invest AD will head the joint venture, according to a person known to development.

Mubadala to raise its holding in Carlyle

Mubadala to raise its holding in CarlyleMubadala Development Co. has revealed that it will be raising its stake in Carlyle Group, a U.S. - based private equity firm. And for that the Abu Dhabi's state-owned strategic investment firm, Mubadala Development Co will be putting in $500 million.

Yemen, Abu Dhabi sign oil deal

MubadalaYemen's oil company, Yemen Company for Investments in Oil and Minerals (YICOM) has signed an oil agreement with Mubadala Oil and Gas. This covers the areas of co-operation in the field of oil and gas exploration besides production in Yemen as well.

Fiat Bought Back 5% Stake from Mubadala

Fiat Mubadala.Fiat has already released _122 million and Dh612.8m in Arabian currencies to get back 5% stake in Ferrari which was handed over to Mubadala Development corporation long way back.

Abu Dhabi's Mubadala glad to get back in profit

Mubadala-LogoThe year 2009 brought profits for the Mubadala Development Company as the company doubled total revenues to AED13.1 billion, higher from AED 6.66 billion in 2008. The total comprehensive income of the company touched AED 8.6 billion.

Mubadala buys 9 percent stakes in Raine Group

mubadala-logoMubadala Development Company, the investment arm of Abu Dhabi government, has acquired 9 per cent stakes in a US-based merchant bank the Raine Group, a renowned name in the field of media, entertainment and sports in New York, Los Angles and Beijing.