| From Thenational.ae: Mubadala Development, the Government’s strategic investment arm, made Dh8.6 billion (US$2.3bn) in profits last year as revenues nearly doubled and the value of its investments surged, while its need for Government financing dwindled.
Mubadala’s energy and aviation subsidiaries contributed heavily to the profits, as did income from property developments and sales. A Dh3bn gain on stock in Advanced Micro Devices (AMD), the US microchip maker, and General Electric, the US conglomerate, also buoyed the results....................................Full Article: Source
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