UAE
 
Mubadala Petroleum Profit Slips
 
The profit of Abu Dhabi’s state-owned Mubadala Petroleum slipped to $798mn (Dh2.93bn) in 2012 from $1.25bn (Dh4.59bn) in 2011.  This was, in part, due to  lower hydrocarbons revenue – which slipped to $1.76bn (Dh6.46bn) in 2012 from $2.04bn (Dh7.48bn) in 2011. In terms of  2012 developments in jointly controlled projects, Mubadala Petroleum – through its subsidiary, Pearl Oil Limited –...