INSEAD Day 4 - 728x90

Business, Company News, Economy

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Mubadala invests $200m in Bicycle Capital

In 2022, Mubadala Capital launched the Solutions platform, consisting of three fully integrated businesses.
By TRENDS Desk
June 16, 2023 10:58 pm
  • Bicycle Capital has received $440 million commitments so far.
  • Mubadala's $284 billion portfolio is spread across the globe.

ABU DHABI, UAE – Abu Dhabi-based sovereign wealth fund Mubadala is investing $200 million in a venture firm Bicycle Capital.

Bicycle Capital, a new growth equity firm with its focus on startups in Latin America, is led by Marcelo Claure, the former chief operating officer of SoftBank Group.

Claure is the Executive Chairman and Managing Partner in Bicycle Capital.

The firm has received $440 million commitments so far, Bloomberg reported. Mubadala is investing $200 million, and Claure Group is also investing $200 million, the report said.

Mubadala’s $284 billion portfolio is spread across the globe.

[adinserter block="5"]

Most Read

NYU Abu Dhabi team develops wireless pill to control gut neurons

Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…

Future of Humanity – TRENDS’ yearly Special Issue now online

Dubai, UAE — TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces…

10,000 deaths raise specter of genocide in Gaza

Some world leaders like Turkey's President Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also been accused of war crimes by rights organizations.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Innovation key to solving Gulf water woes

Improved farming techniques, better desalination technologies, awareness campaigns and global cooperation can mitigate the regions problems caused by water scarcity.

INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
[adinserter block="4"]