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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Abu Dhabi’s Mubadala posts $54mln first-half profit

Posted on 28 September 2011

The Abu Dhabi state investment company with stakes in General Electric and asset management firm Carlyle Group says it earned $54 million in the first half of the year, aided by the integration of the emirate’s semiconductor business.
Mubadala Development Company reported the comprehensive gain Tuesday, using an accounting method that takes into account unrealized changes in investments. That compares with a nearly $1.2 billion loss in the same period last year……………………………………….Full Article: Source


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