Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has announced the release of his new book, titled "Ta'mulat fi Asa'adah Wl Ejabia" (Reflections on Happiness and Positivity).
The Vice President said the book “includes lessons, examples and stories based on a different life philosophy: Positivity as a perspective, and happiness of people as a goal and a lifestyle”.
Sheikh Mohammed said that through the book he tried to answer profound questions about development simply so that youngsters could relate to it.
He said the book was an attempt to communicate the UAE’s experience, create hope in the rest of the region and to reignite development in the Arab world.
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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
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