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FINANCIAL NEWS
Mubadala reports $1.2b loss in H1
23 Sep 2010
(MENAFN) Mubadala Development Co., an Abu Dhabi government investor with, reported a first-half comprehensive loss as its investments lost value because of the decline in global markets, Reuters reported.
The loss was $1.2 billion compared with a profit of $738 million in the year-earlier period. Mubadala had an unrealized loss of $1.2 billion from public market investments in the first half, the company said in a statement.
Abu Dhabi forecast a second consecutive budget deficit this year with the shortfall to be covered by transfers from state- run investment bodies, according to a government-guaranteed bond prospectus released in July.
Mubadala�s investments include an $8 billion joint venture with General Electric Co. in emerging markets, and a stake in Advanced Micro Devices Inc., the second- largest maker of personal-computer processors.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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