UAE's Mubadala 2014 profit drops on investment income, provisions | Reuters:
"Mubadala, an Abu Dhabi state-owned fund with a mandate to develop the emirate's economy, on Thursday said its 2014 net profit fell 28.7 percent due to lower income from financial investments and impairments on oil and gas assets.
One of Abu Dhabi's few state-controlled vehicles to publish results, Mubadala has interests in semiconductors, energy, aerospace and real estate among others, including General Electric and private equity firm Carlyle.
The fund said in a statement it made a net profit of 1.04 billion dirhams ($283.2 million) in 2014, down from 1.45 billion dirhams in the previous year."
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