Saturday 20 December 2014
 
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Mubadala

Mubadala unit plans third satellite project in 2015

A unit of Abu Dhabi state investment fund Mubadala aims to raise financing for its third satellite project in 2015, three sources familiar with the matter told Reuters. Al Yah Satellite Communications Company (Yahsat) will raise a

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UAE forms new defence manufacturing giant

The UAE on Tuesday announced the merger of a number of state-controlled defence companies to create an integrated services and manufacturing business called Emirates Defence Industries Company (EDIC). The new entity will bring tog

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Mubadala’s Thai oilfield starts production

Mubadala Petroleum, a unit of Abu Dhabi state investment fund Mubadala, said it has started production at a second oilfield in Thailand, which it operates with partners.   Output is expected to reach

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HP sells UAE-based IT firm stake to Mubadala

Hewlett-Packard Co has sold its 40 per cent stake in United Arab Emirates-based Injazat Data Systems for an undisclosed amount to its investment partner, Abu Dhabi state-owned fund Mubadala. The deal, announced in a statement from

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Mubadala GE Capital plans bond issue

Mubadala GE Capital, the commercial financing joint venture between Abu Dhabi's Mubadala and US firm GE, is considering raising funds through bond markets, market sources told IFR. The company, a 50/50 partnership between the

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Mubadala H1 profit up 23pc on JV income

Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 per cent increase in profit for the first half of 2014, aided by higher income from its joint ventures. Mubadala,

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Mubadala unit announces key investment in Irish firm

SR Technics, a part of the Abu Dhabi-based Mubadala Aerospace MRO network, has announced a strategic investment in leading Irish firm Armac Systems. It is a leading provider of aircraft MRO inventory planning and optimization soft

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Mubadala to get 10pc of Brazil iron ore miner

Brazilian tycoon Eike Batista will transfer 17.1 million shares, or 10.5 percent, of his iron ore mining company MMX Mineração e Metalicos SA to Abu Dhabi government investment fund Mubadala Development Corp, MMX said in a statemen

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UAE-made composite ribs installed in Boeing 777

Strata Manufacturing, a subsidiary of Mubadala Development Company, has delivered its first advanced composite parts as a direct supplier to Boeing Commercial Airplanes, Boeing announced today. Strata, based in Al Ain, UAE, delive

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Etihad to buy Mubadala’s aircraft tech company

Etihad Airways, the national airline of the UAE, and state-run Mubadala Development Company (Mubadala), have entered into an agreement in which Etihad will acquire Abu Dhabi Aircraft Technologies (Adat) from Mubadala. The deal wil

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