November 16th, 2007
Via the WSJ, another case of Abu Dhabi’s strategic-investment arm – Mubadala Development Co. – continuing to build its presence in high-tech sectors as part of the broader trend of Middle East nations – rich on the exploding cost of oil – making their mark in global finance. As the article notes:
“…An investment arm of the Abu Dhabi government has bought an 8.1% stake in Advanced Micro Devices Inc. for about $622 million in cash, making the Persian Gulf emirate one of the chip maker’s biggest shareholders.
Earlier this week, Mubadala announced a deal with Northrop Grumman Corp. to collaborate on high-tech aerospace and aviation educational and training programs. And earlier in the year, the company bought a 7.5% stake in the Carlyle Group, a private equity firm known for its heavy investments in aerospace, defense, and high-tech industries….”
Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.