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ReduceReuseRecycle |
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Recycling
tip of the month: How
to make use of your plastic bags:
- Place them in the bottom of plant pots and hanging baskets – they act as great drainage systems.
- Give them to your kids to carry PE gear to school.
- Scrunch them up to surround items when you’re packaging as an alternative to bubble wrap.
Share your top recycling tip in the next e-newsletter!
Email Sultan Al Darmaki at saldarmaki@
mubadala.ae. |
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Positive feedback from
employee forums |
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Building and sustaining
a workforce that can navigate and withstand rapid change is
vital to the success of any business. Establishing effective
two-way dialogues helps employees adapt and thrive in a dynamic
environment such as ours.
One avenue to facilitate
dialogue is by holding Employee Forums, our first of which
was held in November and featured our CEO and Managing Director,
H.E. Khaldoon Khalifa Al Mubarak.
Khaldoon spoke openly
and candidly at our first forum, and discussed the issues
that can impact our business as well as operational focus
for 2009. Three of the concepts he emphasized include:
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H.E.
Khaldoon Khalifa Al Mubarak, CEO & Managing Director
answers questions during the Forum. |
"Working as one company – One
Mubadala – is perhaps more challenging as we rapidly grow, but
is also increasingly important as we evolve our company. Sometimes
we have to allow some decentralization for business requirements,
but at the core it’s One Mubadala."
"2009 is the year to deliver.
It is going to be a huge year because every one of you is
part of some very critical projects for this company and for
Abu Dhabi. We have the right mindset, we have the right people
and I have the highest confidence in all of you. And I need
you all to step up, because this is the time to deliver, and
delivery must be timely and of world-class quality."
"More work will be done
to communicate our objectives and goals both internally and
externally, but communications is everyone’s responsibility.
We need to make sure that we have better lines of communication
and that we have a better understanding of each other. But
it’s everyone’s responsibility to communicate, both internally
and externally."
Over 300 employees attended
and based on the feedback forms received, people felt energized
and expressed an intent to continuously improve their day-to-day
business practices. The Forum was recognized as a step to
improve direct and two-way communication among the employees
and the upper management, as well as direct interaction with
the CEO.
Many employees offered
suggestions for future topics, which will be used to develop
a schedule for 2009.
A full synopsis, video highlights and responses to the questions posed by employees will be posted on SharePoint soon.
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Randa Abu Hichme, Lamis
El Zein and Mahah Abdul Rassol from Legal. |
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Managers’ Leadership Education Program |
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World-class companies invest
in continuing education for employees, and Mubadala is no
exception. Last year Mubadala partnered with INSEAD, a leading
business school, to design and deliver an executive education
program for Mubadala managers.
The three week leadership
program was held in Abu Dhabi and Singapore and covered topics
such as Decision Making, Leading Organizational Change, Strategy,
Developing Talent and Collaboration, and Communicating.
The program encouraged managers
to evaluate and discuss their leadership issues, current challenges
faced by the organization, and strategies for implementing
sensible strategic plans.
A highlight of the program
is the business simulation experience in which participants
experienced the links between strategy, finance, marketing
and operations, as well as cross cultural team dynamics. Participants
learned firsthand the leadership attributes required to build
a high-performing team.
Chad Al-Sherif Pasha, a manager
in the Real Estate & Hospitality Unit, attended the training.
"INSEAD Singapore was a great chance to interact in a focused
venue with other managers away from the distractions of Abu
Dhabi, and compare our experiences and challenges."
Following are the programs tentatively scheduled for 2009:
Mubdala Analysts Bootcamp
February 2009
INSEAD Abu Dhabi Centre
Mubadala Associates Bootcamp
May 2009
INSEAD Abu Dhabi Centre
Mubadala Manager’s Bootcamp Module 1 & 2
Module 1: June 2009 / INSEAD
Abu Dhabi Centre
Module 2: October 2009 / INSEAD Asia Campus, Singapore
For more information on Mubadala training programs, please contact Hind Al Qassimi, Learning and Development, halqassimi@mubadala.ae |
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Mubadala hosts reception for British delegates |
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H.H. Sheikh Mohammed Bin Zayed Al Nahyan (center), H.E. Khaldoon Khalifa Al Mubarak, and Gordon Brown – Prime Minister of Great Britain, during a reception at Al Mamoura on November 3, 2008. The reception was held to bring together prominent members of the Abu Dhabi government and business community with British delegates during their visit to the capital. Mubadala hosted the reception. |
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Media round-up |
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23 December 2008
Completion of the financing of the Paris-Sorbonne University Abu Dhabi
Mubadala with the Abu Dhabi Education Council completed the non-recourse financing of the Paris-Sorbonne University Abu Dhabi public-private partnership (PPP) Project. The deal marks the first time that an Abu Dhabi Government-owned institution is being banked on long tenor based upon the strength and transparency of budgetary allocations.
This is a significant event for Mubadala. First, it is a prime example of how our company is delivering on our investment commitments. Second, it highlights that our quality projects will continue to progress and that financial support is possible in spite of difficult market conditions. |
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11 December 2008
Mubadala Acquires 24.9 Percent of John Buck Company
Mubadala has acquired a 24.9 percent interest in John Buck Company. This investment follows the establishment of John Buck International in March 2008, a joint venture formed by the two companies. John Buck International is responsible for the development of Sowwah Island and Sowwah Square.
This investment will allow us to co-invest with JBC in future opportunities and supports our objective of achieving world-class returns through partnerships with industry-leading companies.
The JBC acquisition is part of Mubadala’s expanding real estate and hospitality portfolio, which includes a 17% interest in Aldar Properties, Related Companies, the Kor Hotel Group and Capitala.
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24 November 2008
Agreement to develop gas fields in Oman
Mubadala and Occidental Petroleum Corporation announced the signing of an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Oil and Gas in the Sultanate of Oman. Under the terms of the EPSA, the parties will develop four existing gas fields and explore for potential new discoveries in a newly formed contract area in Northern Oman.
Oxy will serve as operator under the EPSA and hold a 48-percent interest, with Mubadala holding a 32-percent interest and the Oman Oil Company holding the remaining 20 percent.
This project is another example of Mubadala's strategy of leveraging Abu Dhabi's history and experience as a trusted energy supplier to build a diverse range of energy related businesses in the UAE and internationally. |
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11 November 2008
MIP announces first closing of regional fund
Mubadala Infrastructure Partners (MIP) announced the first closing of its regional infrastructure fund in the amount of $300 million. Mubadala, GE and Credit Suisse are the principal investors and sponsors of the fund however it also includes a number of regional and international investors.
The fund has been created to invest in power, water, utilities, social infrastructure, telecommunication infrastructure and transportation projects in the GCC, MENA region and Turkey. MIP is an important vehicle that allows for local and international institutional investment participation in regional infrastructure. It is expected that more than $500 billion will be required in the GCC and MENA regions for infrastructure projects over the next 10 years. |
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02 November 2008
Establishment of a national reference laboratory
Mubadala Healthcare announced the expansion of its integrated healthcare network to include a laboratory testing facility that will be based in Abu Dhabi. Laboratory Corporation of America Holdings, more commonly known as LabCorp, has partnered with us to establish the National Reference Laboratory (NRL).
Scheduled for completion by the end of 2009, the NRL will be the first of its kind in the region to provide a centralized solution for laboratory testing. A complete range of services will be offered including tests that are currently being sent to Europe and elsewhere.
LabCorp, with one of the largest clinical laboratory networks in the world, is the ideal partner to develop and operate the NRL. To learn more about LabCorp, please visit: www.labcorp.com |
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