abu dhabi

Last Friday, the Mubadala Development Company announced that it was purchasing an 8% ownership of chip maker Advanced Micro Devices for $622 million. Mubdala is a corporation of the government of Abu Dhabi, and serves as a vehicle for the capital of ... the United Arab Emirates to invest directly in publicly traded companies. (Source: nytimes.com ) This is the second deal that Mubdala has brokered; it recently purchased 7.5% interest in the Carlyle Group. Both the Carlyle and AMD moves are part of Abu Dhabi's plan to diversify its oil revenue with technology investments. (Source: cnetnews.com ) ... (view more)