General Electric (GE) and Dubai-based Mubadala Development Company announced a framework agreement on a global partnership for broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning.
In addition, Mubadala also plans over time to become a long-term GE shareholder as a major institutional investors through the open market.
The companies plan to allocate $4 billion in equity for Commercial Finance venture over a three-year period. GE and Mubadala will establish a clean energy technology center located in Masdar City, the new carbon neutral, zero-waste city in Abu Dhabi.
GE also intends to commit up to $50 million to Masdar's second Clean-Tech Fund, focused on multi-geography investments in the clean technology sector. In addition, Mubadala intends to invest up to $200 million to GE Industrial Investment Partners, a new partnership in the healthcare, energy, and transportation industries segments.
GE and Abu Dhabi Aircraft Technologies of Mubadala plan to explore expansion of their maintenance, repair and overhaul capabilities to support the large and growing number of GE aircraft engines in service in the region. As per the agreement for the Corporate Learning, GE will manage the curriculum, courses and instructors.
Separately, GE Healthcare Financial Services said it closed $3.5 Million venture debt financing with VisEn Medical. VisEn will use the credit facility to support its working capital needs and expanding commercialization efforts worldwide.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.