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Abu Dhabi in group bidding to buy ReebokAn investor group that includes funds affiliated with the Abu Dhabi government and a Hong Kong-based private equity firm is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported on Sunday. More… |
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Invest AD hires new Africa fund managerAbu Dhabi financial services company Invest AD has hired a new fund manager to join the team running its Africa equities fund. Stephane Bwakira, who has managed and launched funds for Stanlib in South Africa and was previously an equities More… |
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Mubadala posts H1 loss of $1.23 billionAbu Dhabi government-owned investment fund Mubadala posted a first-half loss of Dh4.5 billion ($1.23 billion) due to a fall in the value of its investments and said it would triple its capital base. The investment fund, which has stak More… |
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S&P's assigns AA/A-1+ to MubadalaStandard & Poor's Rating Services said that it has assigned an 'AA' long-term and 'A-1+' short-term corporate credit ratings to the Abu Dhabi-based Mubadala Development Company, with a stable outlook. "The ratings on Mubadala have been More… |
