DUBAI / Reuters Abu Dhabi’s state fund Mubadala Investment Company said it has launched a venture capital arm that will oversee an early growth fund set up with Japan’s SoftBank, and a fund of funds focusing on emerging fund managers. A ventures investment team will be based in San Francisco, the first Mubadala office in the United States, it said ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, extended a $50 million (AED183.65 million) concessionary loan to the Maldivian government to develop the Velana International Airport in Male. The development project includes the construction of a new 3,400-metre runway with a breakwater and rehabilitation of the old runway. In addition, the ...

ABU DHABI / WAM The Abu Dhabi Water and Electricity Authority (ADWEA), and the Abu Dhabi Future Energy Company, Masdar, discussed the latter’s participation in the Abu Dhabi Sustainability Week (ADSW), as well as strengthening their mutual cooperation and coordination. Their discussion took place during a meeting with Abdullah Ali Musleh Al Ahbabi, Chairman of the Board of Directors of ...