Abu 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
Abu 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
Standard & 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