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Saudi Aramco CEO calls energy transition strategy a failure
Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. "In the real world, the current transition strategy is visibly failing on most fronts," Saudi Aramco Chief Executive Amin Nasser said...
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Credit businesses need to increase access to finance: EDB CEO
Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB), has called on the local and regional banking community to increase access to corporate finance and accelerate the UAE’s economic recovery. Speaking on the opening day of Bonds, Loans & Sukuk Middle East 2022, which took place at... -
Multiply to invest in Borouge IPO
The company to make this investment at the final offer price set by Borouge. -
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances." -
Talent war biggest business challenge: CBD head
Commercial Bank of Dubai CEO Dr. Bernd van Linder tells TRENDS that today’s business leaders must not only be consummate in their field but also have leadership qualities. -
Jeddah airport picks new acting CEO
Ayman Aboabah was appointed after the airport witnessed chaos. -
Aafaq Islamic Finance picks new CEO
The company has appointed Hisham Hammoud to the post. -
Amlak appoints new MD
Abdullah Al-Sudairy will hold the dual posts of CEO and MD. -
Dubai Investments makes $258m profit from Emicool deal
Dubai Investments Co. has earned 50 million dirhams ($258 million) from the Emicool deal it concluded earlier. According to the company’s CEO, Khalid bin Kalban, the company will use the funds in debt reduction, paying exceptional profits to shareholders and making further investments. The company sold a 50 percent stake... -
Petrobras names new CEO
Jose Mauro Coelho was appointed to the post for a one-year term. -
EDGE picks up a new CEO
Saif Ali Al Dahbashi will be the CEO of AL TAIF, an EDGE firm. -
Iran says oil production back to pre-sanctions level
Iran's oil production capacity has returned to the same level as prior to the reimposition of sanctions in 2018, when the US unilaterally withdrew from a nuclear deal, a top official said. The country is currently engaged in negotiations to restore the 2015 nuclear deal that would grant it much-needed... -
FedEx founder quits as CEO
Frederick Smith is stepping down after some five decades at the post. -
Skills gap challenge for GCC digitization, says du CEO
GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of du, in an exclusive interview with TRENDS. -
Amiantit appoints new CEO
Feras Bin Ghassab Al-Harbi has held several leadership positions. -
Algeria offers to supply Europe with gas amid Ukraine crisis
Algeria's state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said Sunday. -
DEWA and Tajik diplomats discuss tie-up in energy sector
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), met with Ilhom Abdurahmon, Consul-General of the Republic of Tajikistan in Dubai and the Northern Emirates, to discuss ways to develop cooperation in energy and water sectors. -
Jordan PM Al-Khasawneh meets the CEO of NEOM
Al-Khasawneh stressed the establishment of investments and joint projects in a way that contributes to addressing and responding to the challenges of climate change. -
Paramount picks new group CEO
Steve Griessel, the new CEO of the Paramount Group will be providing strategic, financial and operational leadership to the company and will work with the Board of Directors, shareholders and senior leadership team. -
World needs smarter policies for carbon transition to succeed: Crescent Petroleum
Carbon transition policy must be tailored to each country’s needs and dynamics, Majid Jafar, the CEO of Crescent Petroleum, said. -
Emaar Development CEO resigns
Bader Hareb resigned with effect from December 30 for ‘personal reasons.’ -
Top company leaders highlight priorities for MENA governments at CEO Dialogue
Top company leaders highlight priorities for MENA governments at CEO Dialogue Leaders of top regional and international companies in the Middle East and North Africa region highlighted crucial priorities for governments and the cooperation needed with international organizations and the private sector for promoting a sustainable economy. They were speaking... -
Instagram tightens teen defenses
The app will be stricter about what it recommends to teen users. -
Twitter bans sharing of photos
Twitter's first policy shift under the new CEO Parag Agrawal -
Twitter gets new CEO
Parag Agrawal named to the post as Jack Dorsey resigns. -
Dubai and Abu Dhabi to vie for Gulf Capital’s offering
Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022. -
Abdullah Al Othaim Markets CEO quits
Mohsen Saqer Hussain will serve as an advisor to the Board. -
DFM picks new CEO
The Dubai Financial Market (DFM) has hand-picked Hamed Ahmed Ali as the new Chief Executive Officer (CEO) in the wake of a reshuffle of the board that started last week. -
Herfy Foods appoints new CEO
Saudi Arabia’s Herfy Food Services Company (Herfy Foods) has appointed Sam Bader as CEO, after he served as acting CEO. -
Jazeera Airways posts $39m profit
The airline registered a net profit of KD 11.8 million in the Q3. -
BNET handpicks new CEO
Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member of the company's Board of Directors. -
Emirates set for Boeing talks: CEO
The talks will be held over the delayed 777Xs 'before and during' Dubai Air Show. -
Bavarian & DEWA discuss renewable energy collaboration
They also discussed boosting relations, and interchanging knowledge with German businesses. -
Hyperloop to become a reality in years, not decades: CEO DP World
Hyperloop, which is expected to transport passengers and freight at a speed of an airplane, could become a reality before 2030, not after several decades, said DP World CEO Sultan Ahmed bin Sulayem. -
Tariq Al Samahiji CEO of GFH Group’s UK ops
Al Samahiji is the non-executive chairman and co-founder of Orpheus Partners. -
Al-Nefaie named Seera Group CEO
He was appointed acting CEO of the group in April -
UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company. -
Shuaa Capital CEO now owns 30 percent of the firm
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company. -
Lanzone is new Yahoo boss
Yahoo has been gradually supplanted by titans like Google -
Dubai to develop as polyurethane innovation hub: Pearl
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company -
Etisalat UAE gets new CEO
Masood M Sharif Mahmood has 20 years of experience in the industry. -
Dubai Airports expects robust growth for DXB in H2
DXB is currently serving 68 percent of the destinations in 94 percent of the countries on 70 percent of the airlines compared to before the COVID-19 pandemic. -
CEOs of listed Saudi firms resign in unusual numbers
At least 26 CEOs have resigned from the listed companies of Saudi Arabia in just last six months as the stresses of the Covid pandemic have taken a heavy toll on the mental health. -
Standard Chartered appoints CEO for Saadiq
Khurram Hilal brings over 20 years of Islamic banking experience to the CEO position. -
Bezos to exit as CEO of Amazon
Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy He will retain a key role, however, as executive chair at the technology and e-commerce colossus he founded 27 years ago As he prepares to blast off into a new career stage,... -
Dubai Airports to add 3,500 jobs as key terminals reopen this week
Opening terminals will boost the airport's PCR testing capacity 3500 employees will either be new hires or the ones waiting to be reactivated Dubai Airports will add about 3,500 employees, some of whom are waiting to rejoin their jobs while others would be new hires, according to the CEO of... -
Fahad Al Hassawi is CEO EITC
Al Hassawi has been the company’s acting CEO since September 2020. During this period, he has guided the organization into two consecutive quarters of growth The board of Emirates Integrated Telecommunication Company (EITC) has officially confirmed Fahad Al Hassawi as its chief executive officer. He has been the... -
CEO of Saudi Electricity Company quits from top post
The company appointed vice president as its new head until further notice after Al Sudairi quit citing personal reasons -
Noor Al-Sulaiti is new Ooredoo CEO
Al-Sulaiti took over from Ian Dench who resigned recently She was earlier the CEO of Starlink, an Ooredoo Group subsidiary company Ooredoo, a Qatari telecommunications company, has appointed Noor Al-Sulaiti as the company’s new Chief Executive Officer (CEO). She has taken over from Ian Dench, who, according to the company’s... -
DP World names new CEO for UAE Region, Jafza
Abdulla Bin Damithan has been appointed as the new CEO for the UAE region and Jafza of Dubai-based supply-chain logistics provider DP World He is taking over from Mohammed Al Muallem, who has been promoted to executive vice-president of the company Abdulla Bin Damithan has been appointed the new CEO...