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The Latest Breaking News from Mubadala

Silicon Valley-style fallout: Uber adds fuel to fire as Türkiye’s Getir founders sue Abu Dhabi’s Mubadala for $700M betrayal

Co-Founders Nazım Salur and Serkan Borançılı of Turkish food and grocery delivery startup, Getir, have filed a $700 million lawsuit against Abu Dhabi investor Mubadala Investment Company. They allege the sovereign wealth fund breached a 2024 restructuring agreement by withholding key assets, including the valuable Getir Finance platform. This legal…

The Times of India

BlackRock's GIP In Talks To Acquire Aligned Data Centers In $40 Billion Deal: Report

BlackRock Inc.’s (NYSE:BLK) Global Infrastructure Partners (GIP) is reportedly in advanced talks to acquire Aligned Data Centers in a deal that could value the company at $40 billion.

Benzinga

Boris Johnson secretly lobbied UAE for billion-dollar private venture, leak suggests

Former prime minister courted senior Abu Dhabi official he had hosted in No 10 in apparent breach of rules

The Guardian - UK

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Abu Dhabi sovereign wealth fund Mubadala said to consider buying Heathrow stake

If Mubadala buys into Heathrow, it would become the airport’s third Gulf state-backed shareholder alongside PIF and the Qatar Investment Authority

Evening Standard

Premier League’s greed may consume it as Manchester City’s date with destiny looms

Ominous news that those epic financial charges will be judged, eventually, feels like an existential threat for league and club

The Guardian - UK

The Olympian who saved Brazil's F1 race

Not only was the race saved at its traditional venue, albeit with the new name of the Sao Paulo Grand Prix, it has now had its future secured until at least 2030.

Autosport

Former minister Gerry Grimstone under fire over undeclared UAE meetings

Peer did not declare 13 meetings with Abu Dhabi sovereign wealth fund when he sought permission to work for Bahraini company

The Guardian - UK

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Espanyol 2-4 Barcelona: Barça win La Liga – as it happened

Robert Lewandowski scored twice as the Catalans celebrated a first title under Xavi and first without Lionel Messi

The Guardian - UK

UAE GDP Grew 7.6% in 2022

The United Arab Emirates’ gross domestic product grew 7.6 percent in 2022 amid doubled economic growth, incoming foreign direct investment, and outgoing investment flows announced Minister of Economy Abdullah bin Touq. Bin Touq stated that the 100 percent full foreign ownership led to a significant increase in the demand for…

Asharq Al-Awsat

UAE names its oil company chief to lead U.N. climate talks

The United Arab Emirates nominated Sultan al-Jaber, who both leads Abu Dhabi's state-run oil company and oversees its renewable energy efforts, to be the president of climate negotiations in Dubai.

WEKU

UAE names head of national oil company to lead COP28 climate talks

The United Arab Emirates on Thursday named a veteran technocrat with experience in both renewable energies and the oil business to be the president of the upcoming United Nations climate negotiations in Dubai, highlighting the balancing act ahead for this crude-producing nation.

France 24

Mubadala Invests in World’s Largest Private Offshore Wind Energy Developer

UAE's Mubadala Investment Company has acquired a stake in Skyborn Renewables, the world’s largest private offshore wind developer, alongside Global Infrastructure Partners (GIP). The acquisition of a 100 percent interest in Skyborn Renewables provides GIP and co-investors, including Mubadala, with access to the largest private offshore wind developer globally with…

Asharq Al-Awsat

BlackRock Real Assets, UAE’s Mubadala Invest in India’s Tata Power Company

India's Tata Power Company said on Thursday that a consortium led by the US-based BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable energy unit for a 10.53% stake. The investment is expected to fund Tata Power Renewable Energy’s…

Asharq Al-Awsat

BlackRock Real Assets-led consortium to invest Rs 4,000 crore in Tata Power Renewables

NEW DELHI: Tata Power on Thursday said a consortium led by US-based BlackRock Real Assets will invest Rs 4,000 crore in its subsidiary, Tata Power Renewable Energy Ltd, for over 10 per cent equity stake.

The Times of India

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Asharq Al-Awsat

Abu Dhabi Sovereign Fund Pausing Russia Investments, CEO Says

Abu Dhabi's Mubadala Investment Company is pausing investments in Russia, which represent less than 1% of its portfolio, because of the Ukraine crisis, the chief executive of the $243 billion sovereign wealth fund said on Monday. This is the first comment by the top executive of Mubadala, Abu Dhabi's second…

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