Abu Dhabi creates $125 billion fund by merging Mubadala, IPIC
By Stanley Carvalho ABU DHABI (Reuters) - Abu Dhabi's government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion (101.03 billion pounds). The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors across the world. The new firm's assets
Read more »