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The Latest Breaking News from Mubadala Investment Company

Silicon Valley-style fallout: Uber adds fuel to fire as Türkiye’s Getir founders sue Abu Dhabi’s Mubadala for $700M betrayal

Co-Founders Nazım Salur and Serkan Borançılı of Turkish food and grocery delivery startup, Getir, have filed a $700 million lawsuit against Abu Dhabi investor Mubadala Investment Company. They allege the sovereign wealth fund breached a 2024 restructuring agreement by withholding key assets, including the valuable Getir Finance platform. This legal…

The Times of India · Feb 17

Cooperation Agreement Signed to Develop UAE-Oman Rail Network

Oman and Etihad Rail Company signed an agreement with Mubadala Investment Company to support the development of the 303km railway network, which connects Oman and the United Arab Emirates. The overall investment is valued at $3 billion. The partnership aligns with the two parties’ efforts to explore investment opportunities in…

Asharq Al-Awsat · Feb 22, 2023

TAQA, ADNOC, Mubadala Enter Binding Agreements for Acquisition of Masdar Stake

Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, Emirates News Agency (WAM) reported Tuesday. This is a major milestone towards completing…

Asharq Al-Awsat · Jun 22, 2022

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Greece, UAE Agree Joint Investments in Energy, Other Sectors

Greece and the United Arab Emirates (UAE) agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister's office said on Monday. Prime Minister Kyriakos Mitsotakis met with Crown Prince Sheikh Mohammed bin Zayed…

Asharq Al-Awsat · May 9, 2022

BlackRock Real Assets, UAE’s Mubadala Invest in India’s Tata Power Company

India's Tata Power Company said on Thursday that a consortium led by the US-based BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable energy unit for a 10.53% stake. The investment is expected to fund Tata Power Renewable Energy’s…

Asharq Al-Awsat · Apr 15, 2022

Abu Dhabi Sovereign Fund Pausing Russia Investments, CEO Says

Abu Dhabi's Mubadala Investment Company is pausing investments in Russia, which represent less than 1% of its portfolio, because of the Ukraine crisis, the chief executive of the $243 billion sovereign wealth fund said on Monday. This is the first comment by the top executive of Mubadala, Abu Dhabi's second…

Asharq Al-Awsat · Mar 28, 2022

ADQ, Saudi Technology Ventures Invest in Mideast Uber-like Service for Trucks

Saudi Arabia-based TruKKer, which offers Uber-like services for trucks in the Middle East and elsewhere, said on Monday it has raised just under $100 million through Series B equity and a debt funding round. The investments were led by Abu Dhabi state holding company ADQ and Riyadh-based Saudi Technology Ventures,…

Asharq Al-Awsat · Feb 14, 2022

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