Mubadala's pioneering investments in fields such as artificial intelligence and advanced technology are aimed at achieving its vision of being a leading, long-term global investor, the company's chief strategy and risk officer has said.
Ahmed Al Calily told Wam that, in light of rapid global changes, Abu Dhabi’s strategic investment arm is keen to enhance its role and effective contributions to the efforts aimed at building a strong and diversified economic future for the UAE through investments in strategic, future-shaping sectors.
Investments in vital sectors such as AI, semiconductors, life sciences, financial markets and energy, as well as the establishment of national companies that compete at the global level, are allowing Mubadala to achieve its goals, he said.
Speaking to The National in January last year, Mr Al Calily said that "AI is definitely the next big mover and shaker".
"It is the next disruptor for the consumer and for enterprise," he said. "This is the future; you cannot run away from it."
Mubadala is continuing to expand its investments in sectors such as clean energy, health care and life sciences.
In May, Mubadala launched a new pharmaceuticals company, boosting the UAE's manufacturing sector and further positioning the Emirates' healthcare industry on the global stage.
Mubadala Bio will have a manufacturing capacity of more than 2.5 billion tablets and capsules, and 120 million units of intravenous solutions and injectables, the company said in a statement.
In its 2024 annual report, Mubadala's assets increased by 9.1 per cent year on year to reach Dh1.2 trillion ($326 billion), with annualised returns of 10.1 per cent over five years. The company achieved a 33.7 per cent year-on-year increase in investment placement to Dh119 billion, Wam reported.
Revenue from investments and asset disposals also increased by 10 per cent year on year to reach Dh109 billion.
Mubadala was the world’s largest sovereign wealth fund investor in 2024, ahead of Saudi Arabia’s Public Investment Fund, industry specialist Global SWF said in a January report.
Investing on behalf of the Abu Dhabi government, Mubadala is at the centre of the emirate’s efforts to diversify its revenue base and generate income from sources other than oil. Its interests span six continents in multiple sectors and asset classes.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Killing of Qassem Suleimani
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
COMPANY%20PROFILE
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SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
'Joker'
Directed by: Todd Phillips
Starring: Joaquin Phoenix
Rating: Five out of five stars
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