21.12.2015 - 1MDB’s love affair with the Arab world
When it was first set up as Terengganu Investment Authority (TIA) in early 2009, 1Malaysia Development Bhd (1MDB) set out to drive strategic development of national interests. After it was taken over by the federal government by mid-2009, however, the meaning of ‘strategic’ seems to have taken an Arabic flavour. The company’s board of advisers, for starters, count two prominent Middle Easterners as advisers - former Qatar prime minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani as special adviser while adviser Khaldoon Khalifa Al Mubarak is CEO of Mubadala Development Co, an investment company owned by the Abu Dhabi emirate in the United Arab Emirates...............................................Full Article: Source
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