Mubadala Weathers Commodity Storm with Small Loss for 1H 2016
Posted on 09/08/2016
Abu Dhabi-based Mubadala Development Co., a state-owned entity tasked with assisting to diversify Abu Dhabi’s economy from oil & gas, posted a 4.43 billion AED (US$ 1.2 billion) loss in the first half of 2016. The main causes were lower commodity prices nearly across the board and minute gains stemming from financial assets. Mubadala is […]
