More mergers are likely in Abu Dhabi as institutions there tie up in ways that are positive for their business, according to Khaldoon Khalifa al-Mubarak, CEO of Abu Dhabi state fund Mubadala. He added that "there's an appetite for more mergers. I expect to see mergers continue in a positive way in Abu Dhabi,". Last June, the Abu Dhabi government said it would merge Mubadala and International Petroleum Investment Company (IPIC), responding to the impact of low oil prices by pooling their investment power and consolidating operations. Mubarak said on Thursday that the merger was in its final stages and would be completed within weeks. Mubadala may open offices in China and Asia if the need arises, Mubarak said. India has huge growth potential and Mubadala is looking at it seriously, he added. Al-Mudarak confirmed that Mubadala was in talks with Japan's SoftBank to invest in a technology fund of up to USD100bn that the Japanese firm is putting together with Saudi Arabia and other interests. (Reuters)