| Abu Dhabi's investment fund Mubadala on Thursday posted a 52-percent drop in profits for the first half of 2015, hit hard by the slide in global oil prices. The group tasked with diversifying the Gulf state's energy-dependent economy has a global investment portfolio that includes US-based technology giant GE, EMI Music Publishing, and Italy's Piaggio Aerospace.
Mubadala said profits in the first six months of the year stood at 625.5 million dirhams ($170.4 million) compared with 1.3 billion dirhams in the same period in 2014. Revenues came in at 15.9 billion dirhams, less than one percent lower from the year before...............................................Full Article: Source
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