Latest news with #KhaldoonKhalifaAlMubarak
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Mubadala's assets under management grew to Dh1.2 trillion in 2024
Mubadala Investment Company, the Abu Dhabi–based sovereign investor, on Thursday reported that its assets under management grew 9.1 per cent year-on-year in 2024 to Dh1.2 trillion, with annualised returns of 10.1 per cent over five years. Capital deployed grew 33.7 per cent year-over-year to Dh119 billion. Proceeds, including monetisations, grew 10 per cent year-over-year to Dh109 billion. Mubadala's portfolio mix remained broadly consistent year-over-year: 40 per cent in private equity, 23 per cent in public markets, and 17 per cent in infrastructure and real estate. The company raised Dh30.5 billion through a range of capital market instruments, including the world's first AA-rated sovereign sukuk, a bond with the tightest credit spread ever issued in emerging markets, Mubadala's first dirham-denominated global sukuk and the first Euro-denominated 6- and 7-year corporate facilities in the EMEA region. 'This year marked two decades of disciplined financial performance as an investor central to the UAE's long-term competitiveness. Our 2024 results and portfolio growth reflect Mubadala's focused and resilient strategy, with risk-adjusted returns in sectors where we have conviction,' said Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO. 'Our portfolio has been constructed to navigate market cycles and scale future-focused sectors—from AI and clean energy to life sciences, semiconductors, and advanced manufacturing—all aligned with our national priorities. A growing number of best-in-class investors also continued to partner with Mubadala across key geographies and sectors, reflecting confidence in our approach and long-term strategy. We will work to deepen these partnerships, invest in advancing innovation and create new entities in Abu Dhabi and around the world.' 'Mubadala's 10.1 per cent return over the last five years reflects our disciplined capital allocation strategy, resilient execution and consistent focus on long-term value creation,' said Carlos Obeid, Group Chief Financial Officer. 'We continue to grow and diversify across sectors and geographies, supported by a strong balance sheet, a low cost of debt, and a conservative gearing ratio of 7.8 per cent, which positions us well for future investments.' In 2024, Mubadala continued to be a key driver of innovation, economic diversification, and job creation in the UAE, reinforcing the country's position as a global hub for capital and future-focused industries. Mubadala's portfolio continued to expand across North America, Europe, and Asia, guided by long-term investment horizons and aligned with global growth trends and Abu Dhabi's economic vision. Mubadala Capital, now managing $30 billion (Dh110.2 billion), two-thirds on behalf of global investors, grew its international footprint by acquiring Fortress Investment Group and establishing a $1 billion (Dh3.6 billion) partnership with Silver Rock Financial. Mubadala's private credit portfolio grew to US$20 billion (Dh73.5 billion), supported by deep, trusted partnerships with institutions including Apollo, Ares, Carlyle, Goldman Sachs, and KKR. Since 2021 the company has not disclosed annual financial figures such as revenue or net income but has disclosed its rolling 5-year IRR and, in 2024, has begun publishing its 10-year rolling IRR which in 2024 was 8.7 per cent.
Al Etihad
26-04-2025
- Business
- Al Etihad
Khaldoon Al Mubarak meets with key officials in Washington to advance discussions around UAE investment plans
26 Apr 2025 19:47 WASHINGTON DC (WAM)In line with ongoing efforts to strengthen cooperation and advance shared strategic objectives, Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, met with key Trump Administration officials in Washington, DC, from April 23-24, the visit, Khaldoon Al Mubarak held meetings with a number of US officials, to engage in discussions aimed at advancing the UAE investment plans and initiatives addressed in March during the official visit of H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, to Washington DC. These initiatives are intended to deepen the UAE-US economic relationship and substantially increase the UAE's existing investments in the US economy in artificial intelligence, advanced technology, infrastructure, industry and Mubarak met with US Secretary of the Treasury Scott Bessent, US Secretary of Commerce Howard Lutnick, US National Security Advisor Michael Waltz, US Special Envoy to the Middle East Steve Witkoff, Special Advisor on Artificial Intelligence and Digital Currencies David Sacks, Principal Deputy National Security Advisor Alex Wong, and Deputy Director National Economic Council Nels Nordquist. Al Mubarak was accompanied by Yousef Al Otaiba, UAE Ambassador to the US, as well as a number of officials from UAE entities.
Mid East Info
06-03-2025
- Business
- Mid East Info
MBZUAI unveils first-of-its-kind undergraduate program in Artificial Intelligence designed to empower future AI leaders
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) is disrupting the AI education landscape with the launch of its first-ever undergraduate program. Unlike traditional AI curricula, this Bachelor of Science in Artificial Intelligence program blends core AI expertise with leadership, entrepreneurship, industry experience, and real-world impact. MBZUAI's undergraduate program is innovative and multidisciplinary as it will equip students with a strong foundation in AI fields such as machine learning, natural language processing, computer vision, and robotics, and provide cross-disciplinary training in business, finance, industrial design, market analysis, management, and communication. Students will benefit from a hands-on experiential curriculum to develop an entrepreneurial mindset to lead AI transformations. The goal is to develop visionary thinkers and multi-faceted problem-solvers who will lead the AI evolution globally. His Excellency Khaldoon Khalifa Al Mubarak, Chairman of MBZUAI's Board of Trustees, stated: 'This undergraduate program will play a transformative role in fulfilling our leadership's vision of ensuring that the UAE continues to lead in AI research, application, and commercialization to drive innovation, economic growth, and societal progress. It will equip the next generation of homegrown talent with deep technical expertise and an understanding of AI's broader impact. In doing so, it will strengthen the nation's ability to foster a skilled workforce capable of driving AI advancements that benefit not only our country and the region but the world.' Beyond the core technical AI skills, MBZUAI is committed to shaping the next generation of AI innovators, developers, managers, and visionaries. This comprehensive program equips them with the leadership acumen, financial and legal fundamentals, and essential human skills such as management, communication, and critical thinking that are crucial for driving the future of AI development and deployment. MBZUAI's new undergraduate program embraces a co-pilot education model, which integrates AI into every aspect of the student educational journey. AI will assume a central role in the student learning experience, enhancing critical thinking and problem-solving skills and preparing students to excel in a rapidly evolving AI landscape. The curriculum will cover advanced topics such as deep learning, generative AI, and AI for science, alongside business and entrepreneurial training. Students will also explore cutting-edge areas such as AI for health and medicine, AI for sustainable living, and 3D vision and mixed reality. They will have the opportunity to work with true global leaders across all domains of AI and gain unparalleled hands-on experience with the teams who develop state-of-the-art large language models including MBZUAI's world-leading JAIS, the world's most advanced Arabic LLM, and K2, the only third-party reproducible LLM to outperform major private sector models. MBZUAI President and University Professor Eric Xing emphasized the university's forward-thinking approach: 'Our undergraduate program will be the first of its kind, as it integrates AI education with entrepreneurship, problem-discovery, and key skills for a product journey. We are reshaping what it means to be educated in AI—producing not just engineers, but also entrepreneurs, designers, influencers, executives, and visionary innovators prepared to drive AI innovation in every sector at all stages.' Cross-disciplinary training and hands-on learning will be the cornerstone of the program. Students will embrace the humanities, business and a liberal arts curriculum, as they work well outside the bounds of classic computer science and STEM. Furthermore, they will engage in co-operative industry placements, internships, mentorships, and partnerships with top players in industry and AI research. Professor Xing added, 'Our students won't just be taught theory and programming. They will graduate with critical understandings of society and people, of markets and the economy, and the practical experience and confidence to drive and lead AI initiatives, whether within established companies or through their own entrepreneurial ventures. We're focused on preparing our graduates for the rapidly changing landscape of AI.' MBZUAI's program offers two distinct streams: a Bachelor of Science in AI – Business, which focuses on business integration and entrepreneurship, and a Bachelor of Science in AI – Engineering, which centers on AI model development and deployment across the breadth of AI, and real-world applications in different sectors. Students will benefit from an environment that includes high-end AI computational resources, smart classrooms, dedicated incubation spaces, and world-renowned faculty with backgrounds in both academia and industry. This pioneering program is open to both local and international students and aims to attract the brightest and most ambitious minds, positioning MBZUAI at the forefront of undergraduate AI education. 'We are not just educating students; we are building future generations of workforce and community of AI. With this undergraduate program, MBZUAI is setting a new standard in AI education, ensuring our graduates are equipped to transform industries and drive global progress,' Professor Xing concluded. About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) MBZUAI is a research-focused university in Abu Dhabi, and the first university dedicated entirely to the advancement of science through AI. The university empowers the next generation of AI leaders, driving innovation and impactful applications of AI through world-class education and interdisciplinary research. In 2025, MBZUAI launched its first ever undergraduate program, a Bachelor of Science in AI, with two distinct streams: Business and Engineering.
Zawya
03-03-2025
- Business
- Zawya
UAE: MBZUAI launches first undergraduate AI programme
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) is disrupting the AI education landscape with the launch of its first-ever undergraduate programme. Unlike traditional AI curricula, this Bachelor of Science in Artificial Intelligence programme blends core AI expertise with leadership, entrepreneurship, industry experience, and real-world impact. MBZUAI's undergraduate programme is innovative and multidisciplinary as it will equip students with a strong foundation in AI fields such as machine learning, natural language processing, computer vision, and robotics, and provide cross-disciplinary training in business, finance, industrial design, market analysis, management, and communication. Students will benefit from a hands-on experiential curriculum to develop an entrepreneurial mindset to lead AI transformations. The goal is to develop visionary thinkers and multi-faceted problem-solvers who will lead the AI evolution globally. Khaldoon Khalifa Al Mubarak, Chairman of MBZUAI's Board of Trustees, stated, 'This undergraduate programme will play a transformative role in fulfilling our leadership's vision of ensuring that the UAE continues to lead in AI research, application, and commercialisation to drive innovation, economic growth, and societal progress. It will equip the next generation of homegrown talent with deep technical expertise and an understanding of AI's broader impact. In doing so, it will strengthen the nation's ability to foster a skilled workforce capable of driving AI advancements that benefit not only our country and the region but the world.' Beyond the core technical AI skills, MBZUAI is committed to shaping the next generation of AI innovators, developers, managers, and visionaries. This comprehensive programme equips them with the leadership acumen, financial and legal fundamentals, and essential human skills such as management, communication, and critical thinking that are crucial for driving the future of AI development and deployment. MBZUAI's new undergraduate programme embraces a co-pilot education model, which integrates AI into every aspect of the student educational journey. AI will assume a central role in the student learning experience, enhancing critical thinking and problem-solving skills and preparing students to excel in a rapidly evolving AI landscape. The curriculum will cover advanced topics such as deep learning, generative AI, and AI for science, alongside business and entrepreneurial training. Students will also explore cutting-edge areas such as AI for health and medicine, AI for sustainable living, and 3D vision and mixed reality. They will have the opportunity to work with true global leaders across all domains of AI and gain unparalleled hands-on experience with the teams who develop state-of-the-art large language models including MBZUAI's world-leading JAIS, the world's most advanced Arabic LLM, and K2, the only third-party reproducible LLM to outperform major private sector models. MBZUAI President and University Professor Eric Xing emphasised the university's forward-thinking approach, 'Our undergraduate program will be the first of its kind, as it integrates AI education with entrepreneurship, problem-discovery, and key skills for a product journey. We are reshaping what it means to be educated in AI—producing not just engineers, but also entrepreneurs, designers, influencers, executives, and visionary innovators prepared to drive AI innovation in every sector at all stages.' Cross-disciplinary training and hands-on learning will be the cornerstone of the program. Students will embrace the humanities, business and a liberal arts curriculum, as they work well outside the bounds of classic computer science and STEM. Furthermore, they will engage in co-operative industry placements, internships, mentorships, and partnerships with top players in industry and AI research. Professor Xing added, 'Our students won't just be taught theory and programming. They will graduate with a critical understanding of society and people, of markets and the economy, and the practical experience and confidence to drive and lead AI initiatives, whether within established companies or through their own entrepreneurial ventures. We're focused on preparing our graduates for the rapidly changing landscape of AI.' MBZUAI's programme offers two distinct streams: a Bachelor of Science in AI – Business, which focuses on business integration and entrepreneurship, and a Bachelor of Science in AI – Engineering, which centres on AI model development and deployment across the breadth of AI, and real-world applications in different sectors. Students will benefit from an environment that includes high-end AI computational resources, smart classrooms, dedicated incubation spaces, and world-renowned faculty with backgrounds in both academia and industry. This pioneering programme is open to both local and international students and aims to attract the brightest and most ambitious minds, positioning MBZUAI at the forefront of undergraduate AI education. 'We are not just educating students; we are building future generations of workforce and community of AI. With this undergraduate program, MBZUAI is setting a new standard in AI education, ensuring our graduates are equipped to transform industries and drive global progress,' Professor Xing concluded.
Hi Dubai
03-03-2025
- Business
- Hi Dubai
MBZUAI Launches Pioneering AI Undergraduate Program for Future Leaders
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) is disrupting the AI education landscape with the launch of its first-ever undergraduate program. Unlike traditional AI curricula, this Bachelor of Science in Artificial Intelligence program blends core AI expertise with leadership, entrepreneurship, industry experience, and real-world impact. MBZUAI's undergraduate program is innovative and multidisciplinary as it will equip students with a strong foundation in AI fields such as machine learning, natural language processing, computer vision, and robotics and provide cross-disciplinary training in business, finance, industrial design, market analysis, management, and communication. Students will benefit from a hands-on experiential curriculum to develop an entrepreneurial mindset to lead AI transformations. The goal is to develop visionary thinkers and multi-faceted problem-solvers who will lead the AI evolution globally. His Excellency Khaldoon Khalifa Al Mubarak, Chairman of MBZUAI's Board of Trustees, stated: 'This undergraduate program will play a transformative role in fulfilling our leadership's vision of ensuring that the UAE continues to lead in AI research, application, and commercialization to drive innovation, economic growth, and societal progress. It will equip the next generation of homegrown talent with deep technical expertise and an understanding of AI's broader impact. In doing so, it will strengthen the nation's ability to foster a skilled workforce capable of driving AI advancements that benefit not only our country and the region but the world.' Beyond the core technical AI skills, MBZUAI is committed to shaping the next generation of AI innovators, developers, managers, and visionaries. This comprehensive program equips them with the leadership acumen, financial and legal fundamentals, and essential human skills, such as management, communication, and critical thinking, that are crucial for driving the future of AI development and deployment. MBZUAI's new undergraduate program embraces a co-pilot education model, which integrates AI into every aspect of the student educational journey. AI will assume a central role in the student learning experience, enhancing critical thinking and problem-solving skills and preparing students to excel in a rapidly evolving AI landscape. The curriculum will cover advanced topics such as deep learning, generative AI, and AI for science, alongside business and entrepreneurial training. Students will also explore cutting-edge areas such as AI for health and medicine, AI for sustainable living, and 3D vision and mixed reality. They will have the opportunity to work with true global leaders across all domains of AI and gain unparalleled hands-on experience with the teams who develop state-of-the-art large language models, including MBZUAI's world-leading JAIS, the world's most advanced Arabic LLM, and K2, the only third-party reproducible LLM to outperform major private sector models. MBZUAI President and University Professor Eric Xing emphasized the university's forward-thinking approach: 'Our undergraduate program will be the first of its kind, as it integrates AI education with entrepreneurship, problem-discovery, and key skills for a product journey. We are reshaping what it means to be educated in AI—producing not just engineers, but also entrepreneurs, designers, influencers, executives, and visionary innovators prepared to drive AI innovation in every sector at all stages.' Cross-disciplinary training and hands-on learning will be the cornerstone of the program. Students will embrace the humanities, business and a liberal arts curriculum, as they work well outside the bounds of classic computer science and STEM. Furthermore, they will engage in co-operative industry placements, internships, mentorships, and partnerships with top players in industry and AI research. Professor Xing added, 'Our students won't just be taught theory and programming. They will graduate with critical understandings of society and people, of markets and the economy, and the practical experience and confidence to drive and lead AI initiatives, whether within established companies or through their own entrepreneurial ventures. We're focused on preparing our graduates for the rapidly changing landscape of AI.' MBZUAI's program offers two distinct streams: a Bachelor of Science in AI – Business, which focuses on business integration and entrepreneurship, and a Bachelor of Science in AI – Engineering, which centers on AI model development and deployment across the breadth of AI, and real-world applications in different sectors. Students will benefit from an environment that includes high-end AI computational resources, smart classrooms, dedicated incubation spaces, and world-renowned faculty with backgrounds in both academia and industry. This pioneering program is open to both local and international students and aims to attract the brightest and most ambitious minds, positioning MBZUAI at the forefront of undergraduate AI education. 'We are not just educating students; we are building future generations of workforce and community of AI. With this undergraduate program, MBZUAI is setting a new standard in AI education, ensuring our graduates are equipped to transform industries and drive global progress,' Professor Xing concluded.
