Khaldoon Al Mubarak, chairman of the UAE’s Executive Affairs Authority, met Trump administration officials in Washington to discuss investment plans for the US.
During meetings on April 23 and 24, Mr Al Mubarak engaged in discussions aimed at advancing the UAE’s investment plans and initiatives addressed in March during the official visit to Washington of Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, Wam reported on Saturday.
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 energy, Wam said.
Mr Al Mubarak met US Secretary of the Treasury Scott Bessent, US Secretary of Commerce Howard Lutnick, US National Security Adviser Michael Waltz, US Special Envoy to the Middle East Steve Witkoff, Special Adviser on Artificial Intelligence and Digital Currencies David Sacks, Principal Deputy National Security Advisor Alex Wong, and Deputy Director of the National Economic Council, Nels Nordquist.
Mr Al Mubarak was accompanied by Yousef Al Otaiba, UAE Ambassador to the US, as well as a number of officials from UAE entities.
During Sheikh Tahnoon’s visit in March, he met US President Donald Trump and many leading American business figures. Mr Trump hailed the UAE as a crucial partner with whom the US enjoys long-standing ties.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The Farewell
Director: Lulu Wang
Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma
Four stars
The%20specs
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
The%20Letter%20Writer
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THE%20FLASH
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
