Mubadala hosts business leaders on sidelines of DC Open in Washington
Speakers at the event were Mubadala deputy group chief executive Homaid Al Shimmari, US Commerce Secretary Howard Lutnick, G42 group chief global affairs officer Talal Al Kaissi, MGX chief strategy and safety officer David Scott, Milken Institute chairman Michael Milken, Washington Mayor Muriel Bowser, US tennis star Frances Tiafoe and others.
Among the topics discussed during the Tuesday event included investment and policy priorities to advance economic growth. Key themes during the session included sport's role in Abu Dhabi's evolution as a global city, Mubadala's commitment to adding value and how sport is driving Washington's changing economy.
Other themes included US facilitating foreign investment in the UAE, Mubadala's role as a key player in the Emirates' economic partnership with the US and the two countries' relationship in AI and artificial intelligence.
The US and UAE have strengthened their relationship in the new technology in recent months, including the UAE's commitment to a $1.4 trillion investment framework in the US related to AI infrastructure, semiconductors, energy and manufacturing.
In May, UAE President Sheikh Mohamed and Mr Trump witnessed the unveiling of plans for a new 5GW UAE-US AI Campus in Abu Dhabi during the president's visit to the country.
Mubadala became a co-sponsor of the annual tennis tournament in 2023. The tournament is a 500-level event on the ATP and WTA tours, featuring a field of 48 players in the men's singles event and 28 players in the women's singles event.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
4 minutes ago
- Zawya
Abu Dhabi-listed Investcorp Capital appoints news CEO
Alternative investment firm Investcorp Capital has appointed Sana Khater as new CEO, effective September 1. Khater has worked 35 years in C-Suite positions across listed and private companies, including Aldar, where she served as the Executive Director of Finance, prior to which she was with the Abu Dhabi-listed investment management company Waha Capital for 10 years. She left Waha Capital as the CFO. Khater has also worked in Kuwait, with NBK Capital, and the National Bank of Kuwait as CFO. Khater succeeds Mohamed Aamer at the Abu Dhabi-listed Investcorp Capital. Investcorp Capital, founded by Investcorp Group, has approximately $55 billion in AUM, according to its website. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
4 minutes ago
- Zawya
Commercial Bank of Dubai registers $435mln profits in H1-25
Dubai – The Commercial Bank of Dubai (CBD) logged net profits after tax worth AED 1.69 billion in the first half (H1) of 2025, up 16.70% from AED 1.45 billion. Total net interest income jumped by 5.70% year-on-year (YoY) to AED 2.01 billion as of 30 June 2025 from AED 1.90 billion, according to the financial results. Basic and diluted earnings per share (EPS) hit AED 0.55 in H1-25, versus AED 0.46 in H1-24. Financials for Q2-25 During the second quarter (Q2) of 2025, the net profits hiked to AED 867.24 million from AED 751.46 million in April-June 2024, while the EPS rose to AED 0.27 from AED 0.23. The lender reported total net interest income valued at AED 1.02 billion in Q2-25, higher than AED 946.54 million in Q2-24. Quarterly, the Q2-25 net profits climbed by 4.70% from AED 828.11 million in January-March 2025. Bernd van Linder, CEO of CBD, said: "Delivering 20 consecutive quarters of net profit growth whilst growing the balance sheet to exceed 150 billion is are significant milestone for CBD.' "Our consistent performance over the past five years despite global headwinds such as the pandemic, volatile interest rates and supply chain disruptions demonstrates the strength of our strategy and our continued commitment to customers,' he added.
Emirates 24/7
34 minutes ago
- Emirates 24/7
Towards an Inclusive Social Strategy: 70 representatives from 27 entities co-design Dubai's Social Sector Strategy 2025–2033
In a strategic step reflecting Dubai's commitment to collaborative governance, the Community Development Authority (CDA) hosted a wide-scale co-design workshop that brought together around 70 representatives from 27 local and federal government entities to contribute to shaping the future vision of Dubai's Social Sector Strategy 2025–2033. The session featured interactive dialogues and technical discussions, during which participants shared valuable insights and field-based expertise, enriching the strategy's outputs and ensuring their alignment with the real needs of the community. This workshop marks the first phase of a three-stage strategy development process taking place throughout July and August. The initiative aligns with the objectives of Dubai Social Agenda 33, Dubai Plan 2033, and the 'We the UAE 2031' vision, reinforcing Dubai's mission to place human wellbeing at the heart of every development effort. Human-Centric Strategic Outcomes The upcoming strategy is built around tangible outcomes focused on the individual, the family, and the wider community: • Personal Wellbeing: Enhancing the psychological and social health of individuals • Family Cohesion: Strengthening the nurturing and supportive role of families • Community Belonging: Empowering every individual to participate and contribute meaningfully to society The strategy also places strong emphasis on leveraging technology, digital transformation, and artificial intelligence to reimagine the delivery of social services—enabling faster, more precise responses to societal needs and enhancing the overall user experience. A Renewed Vision for a Resilient and Cohesive Society Building on past achievements, the strategy aims to expand its reach and impact through: • Strengthening societal resilience, empowering families to adapt to emerging challenges • Transitioning from traditional care models to social investment that values community contribution and ensures sustainability • Reinforcing national identity and belonging, particularly amid digital and social transformations • Addressing cost-of-living pressures for low- and middle-income families Collective Commitment to a Sustainable Social Future Speaking at the workshop, Her Excellency Hessa bint Essa Buhumaid, Director General of the Community Development Authority, highlighted the importance of inclusive participation in building Dubai's social future: 'Shaping the future of the social sector is not achieved through decisions alone—it requires dialogue, participation, integration, and the courage to ask difficult questions. This strategy is more than just a working document; it is a sincere call to renew our commitment to people and society, and to pursue development pathways that are more inclusive, equitable, and sustainable.' Her Excellency added that adopting a co-design approach reflects the Authority's belief that lasting solutions come from within—from ordinary citizens, practitioners, and experts alike. She praised the active role of participating entities in proposing innovative ideas that meet the aspirations of today's community and tomorrow's generations. A Co-Created Strategic Roadmap The development process consists of three main phases: 1. Situational analysis and future foresight 2. Designing key pillars, initiatives, and performance indicators 3. Building an integrated implementation plan and roadmap Each phase will include direct engagement with stakeholders through technical workshops, interviews, and field visits to ensure the development of a practical and actionable strategy with measurable impact on individuals, families, and communities. The CDA affirmed that the strategy represents a long-term commitment to human wellbeing and reinforces Dubai's global position as a model for building cohesive, inclusive, and future-ready societies.
