Mubadala

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Mubadala is an Abu Dhabi investment and development company. It is run by chief executive and managing director Khaldoon Khalifa Al Mubarak, an Emirati entrepeneur.

Mubadala is described as 'supporting the diversification of the United Arab Emirates by investing in key social infrastructure and creating globally integrated industry sectors in Abu Dhabi'.

Friends in high places

Tony Blair advises on Mubadala mining deal with Guinea

Between 2011 and 2013 former British prime minister Tony Blair visited Guinea at least seven times, working as an adviser to the president of Guinea, Alpha Conde. He helped Guinea sign a £3 billion mining deal with Mubadala a company which Blair also advises.[1]

Entertaining UK minister at Abu Dhabi Grand Prix

In November 2013 UK treasury minister Lord Paul Deighton attended the Abu Dhabi Grand Prix as a guest of Mubadala.[2]

John Browne and Mubadala Oil and Gas

Browne is the international advisory board chairman of Mubadala Oil and Gas, a company owned by the government of Abu Dhabi, and says it has signed an agreement with Somalia's government to help it find oil. When asked about this, Lord Browne declined to comment and Mubadala is not declared in his register of interests.[3]

Notes

  1. Robert Mendick Tony Blair and the Africa mine deal Telegraph, 15 December 2013, accessed 4 February 2015
  2. HM Treasury Ministers Quarterly Information: 1 October – 31 December 2013 Gov.uk, accessed 12 October 2014
  3. House of Lords Wall Street Journal, 10 November 2014, accessed 10 December 2014