Go Back  British Expats > Living & Moving Abroad > Middle East > The Sand Pit
Reload this Page >

Mubadala and Ipic to merge

Mubadala and Ipic to merge

Old Jun 29th 2016, 10:56 am
  #1  
Millhouse is not a meme
Thread Starter
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,777
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Mubadala and Ipic to merge

Mubadala and Ipic ... on the heels of the FGB/NBAD consolidation.

Abu Dhabi Plans Merger of Sovereign Funds Mubadala and IPIC - Bloomberg

Very good news. Hopefully this consolidation is a sign that we are finding the bottom.
Millhouse is offline  
Old Jun 29th 2016, 2:29 pm
  #2  
"Insert witty title here"
 
Irishbeekeeper's Avatar
 
Joined: Nov 2012
Location: dxb
Posts: 2,232
Irishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond reputeIrishbeekeeper has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

Please explain. Does that mean things can only go up? Because I am down at 70% of earnings. And my studio in Disco is empty for the first time in 4 years
Irishbeekeeper is offline  
Old Jun 29th 2016, 3:12 pm
  #3  
Millhouse is not a meme
Thread Starter
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,777
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

Originally Posted by Irishbeekeeper View Post
Please explain. Does that mean things can only go up? Because I am down at 70% of earnings. And my studio in Disco is empty for the first time in 4 years
well, you never know. But when everyone starts consolidating you know that everyone is in trouble. Costs get cut and things improve.
Millhouse is offline  
Old Jun 29th 2016, 4:18 pm
  #4  
Banned
 
Joined: Oct 2015
Location: Luton
Posts: 1,162
iggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

I am working for Mub. WHAT DOES THIS MEAN FOR ME
iggle is offline  
Old Jun 30th 2016, 9:07 am
  #5  
BE Forum Addict
 
Joined: Jan 2015
Posts: 3,218
DXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond reputeDXBtoDOH has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

Get ready for the dreaded 'surplus to requirements' talk

Originally Posted by iggle View Post
I am working for Mub. WHAT DOES THIS MEAN FOR ME
Save every penny, forget about the fancy car, lie low and hope for the best.
DXBtoDOH is offline  
Old Jun 30th 2016, 9:18 am
  #6  
Banned
 
Joined: Oct 2015
Location: Luton
Posts: 1,162
iggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond reputeiggle has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

Originally Posted by DXBtoDOH View Post
Get ready for the dreaded 'surplus to requirements' talk



Save every penny, forget about the fancy car, lie low and hope for the best.
They are the client, not my direct employer!

I don't know if this good or bad news..
iggle is offline  
Old Jun 30th 2016, 9:27 am
  #7  
Millhouse is not a meme
Thread Starter
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,777
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

Originally Posted by iggle View Post
They are the client, not my direct employer!

I don't know if this good or bad news..
It might not be bad, but I can tell you it won't be good either.
Millhouse is offline  
Old Jun 30th 2016, 9:27 am
  #8  
BE Forum Addict
 
IKnowNothing's Avatar
 
Joined: Oct 2015
Location: Abu Dhabi via Barcelona
Posts: 1,437
IKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond reputeIKnowNothing has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

Originally Posted by iggle View Post
They are the client, not my direct employer!

I don't know if this good or bad news..
If the project is underway and is key to the look and feel of Abu Dhabi - like the Louvre for example, it will go ahead. if it's a new solar powered building that'll never get used (it needs clients to fill it) in Masdar, it probably won't.
IKnowNothing is offline  
Old Jun 30th 2016, 9:36 am
  #9  
Millhouse is not a meme
Thread Starter
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,777
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

In fairness IPIC has had its back against the wall for a while - especially after the 1MDB debacle with the Malaysians.

I assume Mubadala are taking them in to fix it. Poor Mubadala, they do have some stuff to get through - I remember Tabreed.
Millhouse is offline  
Old Jul 1st 2016, 1:33 pm
  #10  
BE Enthusiast
 
csdf's Avatar
 
Joined: Jun 2010
Location: Abu Dhabi
Posts: 807
csdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond reputecsdf has a reputation beyond repute
Default Re: Mubadala and Ipic to merge

My forecast for what will happen:

Stage 1: The two headquarters are merged with cost savings by removal of duplicate functions. Given emiratisation quotas, this effectively means more expatriate redundancies. Will take a year or so.

Stage 2: The portfolios are rationalised: probably another year at least.
csdf is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.