Mubadala H1 Profit Rises 10.4%

Abu Dhabi's investment fund Mubadala reported a 10.4% surge in its first-half profit. Mubadala's profit for the period rose to 1.1 billion dirhams ($299.5 million), from 984.7 million dirhams, in the year-ago period. Its operating income tumbled to 614 million dirhams from 2.3 billion dirhams, while revenue fell to 14.8 billion dirhams from 16.1 billion dirhams.