Chief executive of Mubadala and Manchester City chairman Khaldoon Al Mubarak is ranked the top Public investor by SWFI.  Pawan Singh / The National
Chief executive of Mubadala and Manchester City chairman Khaldoon Al Mubarak is ranked the top Public investor by SWFI.  Pawan Singh / The National

UAE names Khaldoon Al Mubarak first Presidential Envoy to China



UAE President Sheikh Khalifa bin Zayed issued a decree on Thursday appointing the chief executive and managing director of Mubadala Investment Company, Khaldoon Khalifa Al Mubarak, as Presidential Special Envoy to China.

The decision, according to state news agency WAM, was published in the latest issue of the Official Gazette, finalizing the appointment of Mr Al Mubarak as the first UAE envoy to China. This move comes at a time of booming trade and improved relations between Beijing and Abu Dhabi.

Mr Al Mubarak is the chief executive of the Abu Dhabi's strategic investment firm with assets exceeding $226 billion. This month, the Sovereign Wealth Fund Institute – the global organisation which studies and ranks state-controlled investments funds around the world – named him the world’s top public investment executive.

Karen Young, a scholar of the Gulf region at the American Enterprise Institute, told The National “that appointing a high-level envoy to manage UAE relations with China demonstrates the importance of commercial and investment ties, but also the future orientation of foreign and economic policy.”

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“The UAE is thinking long-term, as the future of the Gulf region is more and more eastward in its orientation” Ms Young said, adding that energy and product consumption are likely to increase in India, China and East Asia.

Last July, China's President Xi Jinping made a historic three-day state visit to the UAE. The visit climaxed in the signing of energy and financial deals that marked the strengthening of the friendship between the UAE and China.

As The National previously reported, state-owned Abu Dhabi National Oil Company (ADNOC) signed a wide-ranging agreement with China National Petroleum Company to explore partnership opportunities in the emirate as it plans to expand its refining and petrochemical operations and attract global investors.

UAE-China trade is expected to rise to $58 billion in 2018 (it exceeded $53bn in 2017) and Mr Al Mubarak personally led efforts to boost the economic ties between the two countries. Last November he told CNBC: “we believe China is an economy that's going to continuously grow at attractive growth rates and that opportunities lie within that economy.”

ASHES FIXTURES

1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

Squads

Sri Lanka Tharanga (c), Mathews, Dickwella (wk), Gunathilaka, Mendis, Kapugedera, Siriwardana, Pushpakumara, Dananjaya, Sandakan, Perera, Hasaranga, Malinga, Chameera, Fernando.

India Kohli (c), Dhawan, Rohit, Rahul, Pandey, Rahane, Jadhav, Dhoni (wk), Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Thakur.

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

Empire of Enchantment: The Story of Indian Magic

John Zubrzycki, Hurst Publishers

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

The Super Mario Bros Movie

Directors: Aaron Horvath and Michael Jelenic
Stars: Chris Pratt, Anya Taylor-Joy, Charlie Day, Jack Black, Seth Rogen and Keegan-Michael Key
Rating: 1/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

EU's 20-point migration plan

1. Send EU border guards to Balkans

2. €40 million for training and surveillance

3. Review EU border protection

4. Reward countries that fund Balkans 

5. Help Balkans improve asylum system

6. Improve migrant reception facilities 

7. Close gaps in EU registration system

8. Run pilots of faster asylum system

9. Improve relocation of migrants within EU

10. Bolster migration unit in Greece

11. Tackle smuggling at Serbia/Hungary border

12. Implement €30 million anti-smuggling plan

13. Sanctions on transport linked to smuggling

14. Expand pilot deportation scheme in Bosnia 

15. Training for Balkans to deport migrants

16. Joint task forces with Balkans and countries of origin

17. Close loopholes in Balkan visa policy 

18. Monitor migration laws passed in Balkans 

19. Use visa-free travel as leverage over Balkans 

20. Joint EU messages to Balkans and countries of origin

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

The specs: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km

SPIDER-MAN: ACROSS THE SPIDER-VERSE

Directors: Joaquim Dos Santos, Kemp Powers, Justin K. Thompson
Stars: Shameik Moore, Hailee Steinfeld, Oscar Isaac
Rating: 4/5


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