Turkish PM Erdogan returning Jewish American award
Quake shakes Mexico's Gulf coast
China investigating Microsoft in monopoly case
Airport in Russia's St. Petersburg evacuated
Renault profits rise thanks to cost cuts
German minister: best for Snowden to return to US
Pope to visit Sri Lanka, Philippines Jan. 12-19
IMF approves new $5B credit line for Morocco
Madagascar billed as surfing paradise
China: Ex-security czar Zhou under investigation
Center of main rebel city in Ukraine hit by shells
Nigerian weightlifting winner fails doping test
Kosovo prosecutor suspects some killed for organs
McDonald's Japan to strengthen checks on chicken
Passengers stuck in Hawaii for 3 nights get cash
Lonely Londoners looking to open up to strangers
Egypt military kills 7 militants in volatile Sinai
Teen survivors haunted by S. Korean ferry sinking
BP warns of impact of Russia sanctions on profits
Australia plans to arrest 2 Middle East fighters
Nepal to allow cremation of Tibetan Buddhist monk
China to put Glaxo investigators on trial Aug. 8
Synagogue in Germany attacked
Death toll rises to 23 in Philippine road attack
Suicide bomber kills Afghan president's cousin
Iran leader calls for arming Gaza to fight Israel
EU envoys meeting on tougher Russia sanctions
Swiss bank UBS settles German case as profits rise
Israel targets symbols of Hamas control in Gaza
Overnight bombardment shakes Gaza

World News
News from the region's first prime-time newscast. You'll find it First On Fox!

Mubadala's triples 2013 profits to $395 million, buoyed by strong international investments

Reported by: Associated Press
Reported: Thursday, April 17, 2014 10:28 AM EDT
DUBAI, United Arab Emirates

Abu Dhabi's Mubadala state investment company says profits last year tripled to roughly $395 million on the back of a strong performance from international investments.

The company said Thursday in its 2013 financial earnings report that profits jumped more than three-fold from 470 million dirham in 2012 to 1.45 billion dirham.

Revenues also rose from 30.8 billion dirham ($8.38 billion) in 2012 to 31.1 billion dirham ($8.47 billion) last year.

Mubadala's mandate is to diversify Abu Dhabi's oil-rich economy. It has stakes in General Electric, Carlyle Group and semiconductor manufacturer Global Foundries. It also has aerospace partnerships with defense giant Lockheed Martin.

Total assets stood at 223.8 billion dirham ($61 billion) at the end of 2013, partly due to the addition of Emirates Global Aluminium to the portfolio.


Tonight at 8:30 PM

Full Boyle
Jake intervenes in Detective Boyle's relationship; Rosa and Amy contend with a citizen who is a costumed crime-fighter; Capt. Holt has a new opponent

Get 1/2 price gift certificates

Find us on Facebook