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Abu Dhabi’s Mubadala, BlackRock form private equity partnership

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NEW YORK/ ABU DHABI / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala), on Wednesday announced a significant investment into its Private Equity business led by BlackRock’s Secondaries and Liquidity Solutions group (BlackRock) and a consortium of global institutional investors. The BlackRock-led consortium’s investment was made into a portfolio of assets currently managed by Mubadala Capital, ...

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UAE, South Korea keen to boost cooperation

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DUBAI / WAM The Ministry of Energy and Infrastructure discussed, with a South Korean delegation, ways of strengthening their cooperation in the areas of hydrogen, water desalination, infrastructure development and public transport systems, in line with Dubai’s smart city plans and efforts to exchange expertise and develop innovative energy and transport solutions. The discussion took place during a meeting between ...

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Etihad Cargo records 20% rise in tonnage

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has reclaimed 90 percent of its pre-Covid destinations and recorded a 20 percent increase in tonnage compared to the same period in 2019, according to company’s press release. The award-winning UAE carrier currently services 72 network destinations across the Middle East, Asia, Europe, ...

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