The Billionaires of Arabia
It is not easy to identify all the billionaires of Arabia, primarily because many individuals are members of the rulings families.
UAE
Basil Hovakeemian named CEO of RTA-Careem JV
Basil Hovakeemian appointed as Chief Executive Officer of Hala, following two years as Director of Strategy and Expansion.
Gulf Capital acquires Eclat Health and Hansei Solutions
Gulf Capital announced that it has completed two strategic acquisitions in US healthtech companies for a total transaction value of $60m.
Dar Group appoints Catherine Tobiasinsky as CGO
Catherine Tobiasinsky held a variety of senior management roles at Arcadis, the global design and consultancy firm, where she worked for over 13 years.
Adnoc Gas Pipeline Assets Company formed
Abu Dhabi has formed Adnoc Gas Pipeline Assets Company with a consortium of six global investors to lease the rights to 38 pipelines.
Virgin Mobile names Rob Beswick as MD for UAE
Virgin Mobile UAE has announced the appointment of Rob Beswick as the new Managing Director, replacing Karim Benkirane, who moves to ‘du’.
Etihad Credit Insurance elects a new board
Etihad Credit Insurance, the UAE’s federal export credit agency, has elected a new board headed by Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai.
Saudi-UAE consortium to build desalination plant in Umm Al Quwain
Acwa Power, FEWA and Mubadala Investment have entered into a water purchase agreement for a 150m imperial gallon p/d desalination plant in Umm Al Quwain.
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.