Friday 29 August 2014
 
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Abu Dhabi government

Invest AD hires new Africa fund manager

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

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Mubadala posts H1 loss of $1.23 billion

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

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S&P's assigns AA/A-1+ to Mubadala

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

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