The Bahrain Economic Development Board (EDB) – the investment promotion agency tasked with attracting investment into the Kingdom – today announced the joining of its board member, Khalid Humaidan as Chief Executive, effective immediately. Prior to joining the EDB, Mr Humaidan, a Bahraini national, was the Head of Global Markets MEA at BNP Paribas. He has over 20 years of experience working in capital markets and currently serves on the board of Mumtalakat, and until his appointment as CE, sat on the EDB’s Board from 2014. Mr. Humaidan said: “At a time of rapid shifts in the global economy, the…
Author: Kasun Illankoon
Serco Middle East, a leading support services provider to public sector entities, recently celebrated its decade-old partnership with Dubai’s Roads and Transport Authority (RTA). The collaboration between RTA and Serco began after the latter was tapped 10 years ago to operate and maintain (O&M) the Dubai Metro, which was launched on September 9, 2009. Phil Malem CEO, Serco Middle East, said: “We are delighted and proud to be part of this journey in partnership with RTA. By combining Serco’s expertise in managing large-scale railways with RTA’s drive and vision, we have been able to deliver a bespoke public transport…
Plans for a cleaner and healthier Britain stepped up a gear today, as Ministers announced more than half a billion pounds of investment in green technologies. The Treasury has launched a £400 million fund, CIIF, to bolster Britain’s electric vehicle charging infrastructure, with the first £70 million provided by government and UAE renewables investor Masdar – allocated for 3000 charge points. This more than doubles the number across the UK to 5000. The fund is managed by London based Zouk Capital. Rapid charge points can recharge a family car in as little as 20 minutes, compared to existing technology which…
Khidmah, one of the leading Facilities Management (FM) and companies, launched a state-of-the-art Training Centre in Abu Dhabi, to elevate the range of skillsets and knowledge of its technical staff. The ‘Khidmah Training Centre’ is part and parcel of the company’s efforts to deliver market-leading solutions, unique customer experiences and service delivery excellence to its clients across the region. The Khidmah Training Centre will be led by certified trainers and has been divided into zones that replicate real-life work scenarios, with dedicated sections that focus on mechanical, electrical and plumbing services, cleaning, maintenance, hospitality, customer service skills and much more.…
Lumina Capital Advisers Limited (LUMINA), the Dubai headquartered, specialist mid-market M&A firm, today announced the strategic appointment of John Martin St.Valery to the Board to support the firm’s services for UK inbound transactions. St. Valery’s addition to the board follows the appointment of Executive Chairman, Rick Pudner, ex-Emirates NBD Group CEO, in May 2018. “John’s appointment significantly strengthens our linkage with trade organisations between the UK and the Middle East through the British Business Group, Department of International Trade, UK Export Finance and other organisations. I am delighted to welcome John to the board and work with him through…
Hala, the joint venture between Roads & Transport Authority (RTA) and Careem that offers an innovative way to get around Dubai by enabling customers to book a Dubai Taxi on the Careem app-has achieved its landmark one millionth trip booked through the e-hailing service on 9 September. Highlighting the significance of the remarkable achievement, Clemence Dutertre, CEO of Hala, said: “This is indeed a key moment for us. It reflects the incredibly positive reception our service has had in Dubai, being embraced by riders as a booking method they have been waiting for, and have now made Hala their first…
GP Mat International, heavy lifting solution specialists based in Le Bignon, France, and Raimondi Cranes, Italian manufacturer of tower and luffing cranes for more than 150 years, today announced joint participation in JDL Expo 2019. “I am pleased to confirm that GP Mat’s key leadership team will be onsite for JDL Expo 2019. As dedicated members of the French construction sector, we believe that showcasing our products and services at this annual event is an important part of our customer relations,” said Frank Torchard, President, GP Mat International (GP Mat). “In partnership with Raimondi Cranes, we will be exhibiting the…
The latest edition of Construction Business News Middle East is out now! Catch the latest review of the Top Saudi Real Estate Companies in the Kingdom and how their projects are changing the real estate landscape. You can read the full magazine here: http://bit.ly/2lKtTZA
Under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Board of Directors at Abu Dhabi Fund for Development, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, today announced the launch of the Abu Dhabi Exports Office (ADEX). Established by ADFD, ADEX aims to support the national economy and enhance its competitiveness through the provision of financing and guarantees to overseas buyers from the public and private sectors seeking to import goods and services from the UAE. ADEX also aspires to…
Ellington Properties, Dubai’s leading and award-winning design-led boutique developer, has signed a deal valued at AED 150 million with leading entrepreneur Abdul Razeq Abdul Ahad, through Déjà Vu Real Estate, a leading real estate brokerage, to build a new residential tower in a central location in Dubai. The agreement was signed by Abdul Razeq, who has strategic business interests globally in diverse sectors, with Joseph Thomas, Managing Director, and Nitin Bhatnagar, Co-Founder of Ellington Properties, in the presence of Ahid Shaikh Mohammed, Chairman of Déjà Vu Real Estate. Design and master-planning for the new residential tower will commence shortly, and…