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- Dubai 04:27 05:45 12:20 15:47 18:49 20:07
The Abu Dhabi state investment company with stakes in General Electric and asset management firm Carlyle Group says it earned $54 million (Dh198 million) in the first half of the year, aided by the integration of the emirate's semiconductor business.
Mubadala Development Company reported the comprehensive gain Tuesday, using an accounting method that takes into account unrealised changes in investments. That compares with a nearly $1.2 billion loss in the same period last year.
Mubadala says revenue rose 70 per cent to $3.7 billion, mainly through the integration of the Advanced Technology Investment Company semiconductor business. The Abu Dhabi government transferred control of the company to Mubadala earlier this year.
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