| Abu Dhabi state investment fund Mubadala swung back into profit in 2012 as losses on its financial investments halved and revenues rose across its broad portfolio of companies.
Mubadala, which has a mandate to diversify the capital of the United Arab Emirates’ oil-reliant economy, reported net profit of Dh455m ($124m), compared with a loss of Dh3.2bn in 2011, when the fund was hit by impairments caused by declining financial and property markets........................................Full Article: Source
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