Gulf Business

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Mubadala Investment: The government of Abu Dhabi completed the merger of its top investment funds to create Mubadala Investment Co – a company with assets totalling around $125bn. The new fund was formed by merging Mubadala Developmen­t Co and Internatio­nal Petroleum Investment Co. It became the world’s 14th largest sovereign fund, according to the Sovereign Wealth Fund Institute.

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