Company Insights Mubadala Investment Company Finance Mubadala Investment Company News Finance PIF top spender among sovereign funds in 2023 Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), was the top spender worldwide among state-owned investors, the 2024 Global Sovereign Wealth Fund report has revealed, underlining the kingdom’s determination to reallocate its hydrocarbon revenues to diversify and expand its domestic economy. State-owned investors include sovereign wealth funds (SWFs), public pension funds and central banks, […] January 1, 2024 Energy Brazil’s Petrobras explores refining alliance with Mubadala Petrobras will explore a proposal from Abu Dhabi’s Mubadala Capital on developing a downstream and biorefining partnership in the northeastern state of Bahia, the Brazilian state-run oil company said in a statement. “The aim of the future partnership is to strengthen the business environment in the sector and increase the supply of renewable fuels in […] December 24, 2023 Energy Mubadala Energy makes gas discovery offshore Indonesia Mubadala Energy, the wholly-owned subsidiary of Abu Dhabi’s Mubadala Investment Company, has discovered a significant deep-sea gas reserve in Indonesia’s South Andaman Block. The discovery at the Layaran-1 exploration well, located 100 km off northern Sumatra, has more than 6 trillion cubic feet (tcf) of gas, or about 170 billion cubic metres. The well, drilled […] December 20, 2023 Analysis Trade UAE-US trade relations defy region’s pivot to the east The trade relationship between the UAE and the US remains strong even while GCC countries increasingly look east for opportunities. In October 2023, the US trade balance with the UAE stood at $1.63 billion, while US exports grew 28 percent year on year to reach $2.3 billion the same month. Martina Strong, the US ambassador […] December 19, 2023 Tech Merger to create astronomic UAE space company Two Abu Dhabi technology companies are planning a merger to create a $4 billion space organisation for the region. The boards of Bayanat and Yahsat have voted to recommend a merger to shareholders, a filing to the Abu Dhabi Stock Exchange on Tuesday revealed. The proposal will create a company with an implied market capitalisation […] December 19, 2023 Retail Sama issues regulations for growing BNPL sector The Saudi Central Bank (Sama) has issued new rules covering the rapidly expanding buy-now, pay-later (BNPL) retail sector, which analysts predict will double in size to $2.7 billion in annual transactions by 2028. Sama said it was issuing the regulations to ensure sustainable growth, transparency and consumer rights in the BNPL market, as part of […] December 18, 2023 Exclusive Construction Aldar ‘confident’ of doubling market cap within five years Abu Dhabi developer Aldar Properties is ramping up an international expansion drive that, alongside plans to grow its UAE portfolio, will help to double its market cap, its group chief executive said. Aldar’s market cap is currently $12 billion, and group CEO Tilal Al Dhiyebi foresees “doubling that in five years,” he told AGBI in […] December 18, 2023 Tech Mubadala explores tech ventures with Hyundai South Korea’s Hyundai Motor Company and the UAE’s Mubadala Investment Company are exploring potential business opportunities in mobility and clean technologies. The agreement will allow joint investment in fields such as green steel production, green aluminum production and recycling, as well as advanced air mobility and infrastructure for electric vehicles, the companies said in a […] December 18, 2023 Sustainability Mubadala unit banks on decarbonising buildings The UAE has set a target of reducing emissions in its building sector by 56 percent by 2030 compared to 2019 levels. This is part of the country’s broader efforts to slash emissions by 40 percent by the end of the current decade. However, it is going to be difficult for the UAE to reach […] December 15, 2023 Real Estate Aldar joins Mubadala and Ares to invest in Europe real estate Abu Dhabi-listed Aldar Properties has partnered with Mubadala Investment Company (Mubadala) and Ares Management Corporation (Ares) to invest $1 billion through a private credit fund in the UK and Europe’s real estate market. Mubadala will hold a 50 percent stake in the new platform, while Aldar will own 30 percent. Ares will hold the remaining […] December 14, 2023 Posts navigation Previous 1 … 20 21 22 … 34 Next
Finance PIF top spender among sovereign funds in 2023 Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), was the top spender worldwide among state-owned investors, the 2024 Global Sovereign Wealth Fund report has revealed, underlining the kingdom’s determination to reallocate its hydrocarbon revenues to diversify and expand its domestic economy. State-owned investors include sovereign wealth funds (SWFs), public pension funds and central banks, […] January 1, 2024
Energy Brazil’s Petrobras explores refining alliance with Mubadala Petrobras will explore a proposal from Abu Dhabi’s Mubadala Capital on developing a downstream and biorefining partnership in the northeastern state of Bahia, the Brazilian state-run oil company said in a statement. “The aim of the future partnership is to strengthen the business environment in the sector and increase the supply of renewable fuels in […] December 24, 2023
Energy Mubadala Energy makes gas discovery offshore Indonesia Mubadala Energy, the wholly-owned subsidiary of Abu Dhabi’s Mubadala Investment Company, has discovered a significant deep-sea gas reserve in Indonesia’s South Andaman Block. The discovery at the Layaran-1 exploration well, located 100 km off northern Sumatra, has more than 6 trillion cubic feet (tcf) of gas, or about 170 billion cubic metres. The well, drilled […] December 20, 2023
Analysis Trade UAE-US trade relations defy region’s pivot to the east The trade relationship between the UAE and the US remains strong even while GCC countries increasingly look east for opportunities. In October 2023, the US trade balance with the UAE stood at $1.63 billion, while US exports grew 28 percent year on year to reach $2.3 billion the same month. Martina Strong, the US ambassador […] December 19, 2023
Tech Merger to create astronomic UAE space company Two Abu Dhabi technology companies are planning a merger to create a $4 billion space organisation for the region. The boards of Bayanat and Yahsat have voted to recommend a merger to shareholders, a filing to the Abu Dhabi Stock Exchange on Tuesday revealed. The proposal will create a company with an implied market capitalisation […] December 19, 2023
Retail Sama issues regulations for growing BNPL sector The Saudi Central Bank (Sama) has issued new rules covering the rapidly expanding buy-now, pay-later (BNPL) retail sector, which analysts predict will double in size to $2.7 billion in annual transactions by 2028. Sama said it was issuing the regulations to ensure sustainable growth, transparency and consumer rights in the BNPL market, as part of […] December 18, 2023
Exclusive Construction Aldar ‘confident’ of doubling market cap within five years Abu Dhabi developer Aldar Properties is ramping up an international expansion drive that, alongside plans to grow its UAE portfolio, will help to double its market cap, its group chief executive said. Aldar’s market cap is currently $12 billion, and group CEO Tilal Al Dhiyebi foresees “doubling that in five years,” he told AGBI in […] December 18, 2023
Tech Mubadala explores tech ventures with Hyundai South Korea’s Hyundai Motor Company and the UAE’s Mubadala Investment Company are exploring potential business opportunities in mobility and clean technologies. The agreement will allow joint investment in fields such as green steel production, green aluminum production and recycling, as well as advanced air mobility and infrastructure for electric vehicles, the companies said in a […] December 18, 2023
Sustainability Mubadala unit banks on decarbonising buildings The UAE has set a target of reducing emissions in its building sector by 56 percent by 2030 compared to 2019 levels. This is part of the country’s broader efforts to slash emissions by 40 percent by the end of the current decade. However, it is going to be difficult for the UAE to reach […] December 15, 2023
Real Estate Aldar joins Mubadala and Ares to invest in Europe real estate Abu Dhabi-listed Aldar Properties has partnered with Mubadala Investment Company (Mubadala) and Ares Management Corporation (Ares) to invest $1 billion through a private credit fund in the UK and Europe’s real estate market. Mubadala will hold a 50 percent stake in the new platform, while Aldar will own 30 percent. Ares will hold the remaining […] December 14, 2023
