Having recorded its best performance ever in 2022 in its three-decades-long history of growth, ENOC Group today unveiled its long-term growth strategy to fulfill the growing demands for reliable, secure, and sustainable energy locally and internationally. Industry sources added that the strategy is founded on five strategic pillars to elevate the Group to the forefront of delivering world-class sustainable and integrated energy solutions. Additionally, ENOC Group revealed that its plans will be fulfilled through a focus on operational efficiencies, collaboration, and implementation of dig ..read more

Following the launch and quickly selling out of the Dh165 million Waves-1 residential project in March 2022, Samana Developers today launched a Dh200 million Waves-2 project, which is adjacent to Wave-1, with retail spaces on the ground floor. The Waves twin tower is located in Jumeirah Villages Circle. The G+3P+23 Waves-2 residential tower, spanning over 263,636 sqft, is designed by a team of expert architects who incorporated the modern trend of luxury living within budgets. Plenty of water features, private pools, water cascades, a leisure deck, a health club, valet parking and retail space ..read more

Decom deployed its C1-24 chop saw in water depths of up to 1,050 metres as part of an operation to recover a jumper connector on behalf of Total Energies in the Gulf of Guinea, offshore the Democratic Republic of Congo. The workscope included the cutting of the insulated 6” Duplex flowline at each end of the jumper, with the chop saw deployed by ROV with hot stab capability, and using a Tungsten Carbon Tip blade with an average cutting time of 1 hour 15 minutes. The Congo project follows other successful workscopes on behalf of major oil and gas operators and contractors including workscopes i ..read more

Forescout Technologies Inc., a global leader in automated cybersecurity, announced today the appointment of Hassan El Karhani as the general manager for the Middle East, Turkey, and Africa region. Also, joining his team is Sam Ismail, the new director. Image Courtesy: – Forescout LinkedIn Page Industry sources added that in this role, Karhani will expand Forescout’s regional presence, drive growth and investment and streamline the company to better serve organizations and government entities who are faced with an ever-evolving threat landscape. Industry sources also reaffirmed that Karhani bri ..read more

Kuwait Projects Company (Holding), announced a net profit of KD 25.2 million (US$ 82.3 million) for the year ended 31 December 2022, an increase of 44 percent over the KD 17.5 million (US$ 57.1 million) reported at the end of 2021. Earnings per share were up 15 percent over the 6 fils (US$ 2 cents) reported in 2021 to 6.9 fils (US$ 2.3 cents) for 2022. KIPCO’s total revenue from operations registered a 47 percent increase from KD 721 million (US$ 2.35 billion) in 2021 to KD 1.06 billion (US$ 3.5 billion) in 2022. Shareholder equity increased 81 percent from KD 325.8 million (US$ 1.1 billion) t ..read more

Gulf Business Machines (GBM) has announced the appointment of Mike Weston as Chief Executive Officer (CEO) for the company’s regional operations based out of Dubai. Weston joins from IBM, where he was most recently the Chief Revenue Officer for IBM’s MEA operations.  Marwan Faraj Bin Hamoodah, GBM Chairman “The board is delighted to announce Mike’s appointment as GBM’s CEO,” said Marwan Faraj Bin Hamoodah, GBM Chairman. “His decades of experience working in leadership roles for global IT players such as Cisco and IBM, with a proven track record in transforming businesses make him perfectl ..read more

The Lufthansa Group is reaffirming its commitment to East Africa by relocating the commercial responsibility for the passenger business back to Kenya. With this step, effective 01 March 2023, Lufthansa Group appointed Kevin Markette as the new General Manager (GM) for the East African region. This encompasses Kenya, Ethiopia, Uganda, Rwanda, Burundi, and Tanzania. With his position and team permanently based in Nairobi, Kenya, he will be able to better focus on the needs of our local customers and through a physical presence in the region be closer to the market. Kevin Markette succeeds D ..read more

AmiViz, the Middle East region’s first enterprise B2B marketplace, recently announced that the firm has joined hands with PolySwarm, a first-of-its-kind marketplace for malware intelligence. PolySwarm has been onboarded to the AmiViz B2B Platform and can be accessed by resellers through their mobile app. Industry sources added that PolySwarm utilizes blockchain technology to crowdsource its threat intelligence platform, which enables enterprises to combat emerging threats by amplifying and delivering fresh, actionable malware threat intelligence with unprecedented quality, speed, and accuracy ..read more

Oliver Wyman, a global management consulting firm and a business of Marsh McLennan has appointed Adel Alfalasi as its new Head of the UAE. In the role, Alfalasi will oversee the management consultancy’s business in the United Arab Emirates. Alfalasi has more than two decades of experience holding senior positions across the UAE’s private and public sector, having worked as an Executive Director in the UAE Prime Minister’s Office prior to moving to management consulting. Alfalasi succeeds Anshu Vats in the role. After more than 30 years in the industry, Vats will take on a key role as senior ad ..read more

Female Fusion has partnered with Mindshift Capital, said to be the UAE’s first gender lens venture fund, to stage an Investment Summit for women-led businesses, to help them explore and connect with the start-up and scaling finance options available in the UAE. Bringing together female entrepreneurs with representatives from angel investors, venture capitalists, institutional funders, and debt financing organisations, the event introduced the range of funding opportunities for women-owned enterprises, provided guidance on the legal aspects from an expert in the field, and showcased stories of ..read more