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There is a lack of clarity and transparency when it comes to how much subsidy is being provided to the power sector, why the government is providing it, and in fact, who they are subsidising.
By Dr. Robert Barnes, Group Head of Securities Trading & CEO Turquoise, LSEG, and Sabina Liu, Securities Trading Head of APAC Business Development, LSEG
Mubadala posts record $19.5bn comprehensive income for 2020
ABU DHABI, 8 hours, 27 minutes ago Abu Dhabi-based Mubadala Investment Company said it achieved in 2020 a total comprehensive income (TCI) attributable to the owner of AED72 billion ($19.5 billion) for 2020, compared to AED53 billion ($14.4 billion) the previous year. Announcing the 2020 results, Mubadala said it was the largest TCI in the company’s history, mainly driven by significant growth in Mubadala’s public equities portfolio and funds, and its assets across various sectors. The performance was also attributable to Mubadala’s multi-year strategy to increase investments in sectors with growth ‘tailwinds,’ such as technology, life sciences, and consumer goods, through direct investments and partnerships with leading fund managers.