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new format: |
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Like the new format?
Prefer the old format?
Email Mary Hayes (mhayes@mubadala.ae) and let us know what you like, don't like and what you want to read more about. |
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ReduceReuseRecycle |
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Energy Saving Tip of the month: Change your computer settings so it goes into sleep mode after five minutes of idle time, and power it off at night.
Share your top recycling tip in the next newsletter!
Email Sultan Al Darmaki at saldarmaki@
mubadala.ae. |
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Heading Out? |
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If you are taking leave or won't have access to email, remember to use the "Out of Office" feature in Outlook. You can let people know that you are out, when you will return, and who to contact in your absence.
Just go to "Tools" and follow the prompts for "Out of Office assistant". |
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Welcome to the November issue of Connect, our monthly employee e-newsletter in our new format.
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Word on the Street... Is Mubadala an SWF? |
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Some people (especially in the press) have inaccurately described Mubadala as a Sovereign Wealth Fund (SWF). While our capital source is the Abu Dhabi government, we are not an SWF. So what is Mubadala?
We are a unique business development and investment company that can best be understood by looking at what we do as well as why we exist. Simply speaking, we build businesses and acquire stakes in leading international organizations to drive the economic diversification of the Emirate of Abu Dhabi.
Think of it this way: Abu Dhabi has a strong heritage in oil and gas. Now the Emirate is on a journey to diversify its economy by creating robust sectors such as aerospace, real estate and healthcare, and making sure that all the necessary infrastructure and services are in place to make sure that it succeeds. Sound familiar? It's not a coincidence that Mubadala has commercial initiatives in the same sectors.
Looking across at our investment portfolio, you will see similarities and links between the projects. They share a commercial strategy that is founded on long-term, capital intensive investments that deliver strong financial returns. It's also easy to see that many of our investments address the social needs for a flourishing society.
These types of investment activities generally aren't found in the portfolio of an SWF. So what is an SWF? It is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments.
Abu Dhabi's state-owned investment fund is managed by ADIA (Abu Dhabi Investment Authority). To learn more about ADIA, visit their website at www.adia.ae. |
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"Hello Reporter!" by Mohamed Amasha, Communications |
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Swamped at work? In any normal day, you could unexpectedly find your phone ringing and hear: "Hello, I am a reporter at FT and would like to interview someone about Mubadala's latest announcement…etc."
What would you do? If you aren't a Director or an Executive then it's likely that you are not a designated spokesperson for Mubadala. So your reply to a reporter is simple: 1) thank them for the call, 2) tell them that you will pass their name and number to our media relations people, then 3) immediately send their name and number to either Mohamed Amasha at mamasha@mubadala.ae or Jacquelyn Miller at jmiller@mubadala.ae You can also give the email addresses to the reporters directly.
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Did You Know? |
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That any information provided to the media by a Mubadala employee is considered an official statement and may be included in their story. It could even be attributed to you! So what do you do if you're contacted by the media? |
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Responding to the media quickly is very important to our company's reputation so we appreciate you sending the information right away.
We all know that Mubadala is growing at a tremendous rate, and such growth results in high expectations from partners and media worldwide.
A reporter will do the story with or without Mubadala's comments. Undoubtedly, it would be much better to share Mubadala's viewpoint to make the public better understand the unique business model our company presents locally, regionally and internationally.
Helping reporters reach the right person to get the right information will help the public better understand the momentum behind Mubadala as well as Abu Dhabi. |
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Mubadala's recent international headlines |
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20 October 2008
Mubadala takes next step in development of Abu Dhabi-Based Aerospace Composites Plant
Mubadala announced an industrial agreement with Finmeccanica, a leading Italian aerospace company. Through this partnership, Alenia Aeronautica, a subsidiary of Finmeccanica, will provide technology, technical assistance and specialized training as well as transfer composite aerostructure manufacturing work to the new plant in Abu Dhabi. Activities will begin this year and are expected to reach capacity by 2011.
This agreement takes us one step closer to the development of an Abu Dhabi-based aerospace composites plant, and to evolving Abu Dhabi's existing aerospace industry into a global aerospace hub.
Learn more about this new partner at www.finmeccanica.com |
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Mubadala and INSEAD by Faisal Al Qasimi, Communications |
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You've probably read about Mubadala's recent sponsorship of a research Chair at the INSEAD business school. But our relationship with them is anything but recent.
It goes back over a year, beginning with the inauguration of their executive education center in Abu Dhabi. The relationship has since grown to include such activities as training seminars, business simulations, and boot camps, which have allowed scores of Analysts, Associates, and Managers to learn from some of the best INSEAD faculty.
Recently, Mubadala met with INSEAD to sign an agreement to establish an INSEAD Chair in Corporate Governance and Strategy in Mubadala's name.
But what exactly is a chair? In the academic sense of the word, a chair is a research and leadership position, filled by a world-class intellectual. The person who holds the chair position will lead research in the area of corporate governance and strategic issues in the Middle East, and will produce new ideas and cutting-edge research in this subject.
This research will help Mubadala as we focus on corporate citizenship, as corporate governance is one of the elements of corporate citizenship, and will further emphasize our role as a driver of education and academic excellence in the UAE.
To learn more about INSEAD, visit www.insead.edu
INSEAD signing ceremony, from left to right:
His Excellency Dr. Mughir Khamis Al-Khaili, Director General, ADEC
Peter Jadersten, Executive Director, INSEAD Abu Dhabi Centre
Soumitra Dutta, Dean of External Relations, INSEAD
Carols Obeid, CFO, Mubadala
Abdullah Mohammad Al Mazroei, member of Joint Advisory Board between ADEC and INSEAD |
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Mubadala's credit reports now available online |
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Recently the top three credit rating agencies publicly announced that Mubadala has been assigned AA/AA2 long-term credit ratings, the highest credit rating of any company in the MENA region.
The reports by Moody's and Fitch are now available on our website at www.mubadala.ae and we encourage all employees to take a few minutes to read them. |
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Times are changing... |
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Daylight saving time is now in effect in over 70 countries worldwide. So if you're planning a conference call with an overseas partner, remember that they may have recently adjusted their clocks back and there will be an additional one-hour time difference. |
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Najah Career Exhibition by Ahmad Abdulla Al Marzouqi, HR |
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Najah is a local career exhibition that Mubadala participates in to attract talented UAE nationals. It was held at ADNEC this year from October 19-21.
Members of HR staffed the booth and provided information about Mubadala and its subsidiaries. Visitors varied in their backgrounds from students to experienced candidates and training providers, as part of Najah was dedicated towards training opportunities.
Our role was to give out recruitment cards that guide the candidates through the on-line application process. Our on-line database exceeds 3000 resumes so far and we are expecting more as a result of our active participation in recruitment events all over the UAE. |
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