Omar Qirem returns to Edelman Middle East as CEO
International marketing and communications firm Edelman announced that Omar Qirem will join the firm as CEO of its Middle East unit.
UAE
Adnoc, Saudi Aramco sign deal to invest in India’s refinery plant
Adnoc, Saudi Aramco will jointly invest in the $44 billion Ratnagiri refinery and petrochemical complex that is coming up in the Western Indian state of Maharashtra.
Gulf Craft appoints Gregory Yeakle as CEO
Ajman-based Gulf Craft, one of the world’s largest luxury ship builders, has appointed Gregory Yeakle to be their new Chief Executive Officer.
KAMCO Investment to acquire 70% of Global Investment House
KAMCO Investment Company signed a Sale and Purchase Agreement with NCH Ventures, a Bahrain domiciled entity representing the interests of more than 50 financial institutions to acquire a 69.53% stake in Global Investment House.
Gulf Capital invests $267 million in Geidea Solutions
Gulf Capital has acquired a strategic stake in Geidea Solutions, a provider of electronic payment solutions and financial technologies in Saudi Arabia, for a total transaction value exceeding $267 million.
Khalid Al Bustani to run the UAE Federal Tax Authority
H.E. Khalid Al Bustani is appointed to the position of Director General of the Federal Tax Authority with the rank of an Undersecretary.
Bosch posts stable performance across the region
Bosch ends its 2016 fiscal year with AED 1.8 billion in consolidated sales across 14 countries in the Middle East, a slight increase from the previous year.
UAE launches reputation management body
The UAE has established the Soft Power Council, a reputation management body that will define a comprehensive strategy to reinforce the country’s image.
Barakah One announces its board of directors
Barakah One, a subsidiary of ENEC and KEPCO, held its first General Assembly today and announced the members of its Board of Directors.