Lloyds TSB Middle East has announced the appointment of Chris Balfour as consumer banking director for its Dubai-based operations. Balfour has worked with Lloyds TSB for more than 21 years. He began working in Dubai in 2005 as the head of offshore banking after leaving the bank’s UK operations on [...]

Emirates National Oil Co. (Enoc), the UAE petroleum company engaged in crude oil production and LPG processing, has announced the appointment of Saeed Abdullah Khoory to the position of chief executive officer. Khoory takes over from Hussain Sultan, who retires as the group chief executive, a position he has held since [...]

Imaging solutions provider Canon Europe has appointed Rainer Fuehres as head of the Canon Emerging Markets business unit to oversee the company’s continued expansion into the emerging markets of Eastern Europe, particularly Russia, the Middle East and Africa. Fuehres has had a successful career at Canon spanning 15 years. Prior to [...]

Middle East cooling solutions provider Tabreed has strengthened its top management team with two key appointments – Khaled Salmeen Al Kawari as the new chief operating officer and Abdulla Al Muhairi as the chief financial officer. Al Kawari joins Tabreed from Mubadala Development Co. A graduate in mechanical engineering [...]

DUBAI.The Middle East, one of the world’s last regions not yet served by trains, is in the midst of a railway boom, says French engineering consulting firm Systra. Systra, which is part of French rail operators Société National des Chemins de Fer Français, has a strong presence in the region. More than [...]

KUWAIT CITY. Saudi Telecom, the largest Arab telecoms company by market value, has won a 26 percent stake in Kuwait’s third mobile phone company with a 248.7 million Kuwaiti dinar ($907.7 million) bid. The establishing committee responsible for the public auction announced the winning bid declaring that Kuwait Finance House [...]