UAE dominates Top 100 Arab Power List for 2022 with five Emiratis in top 10
DUBAI – Five people from the UAE have made it to the top 10 of the Gulf Business’ Top 100 Arab Power List for 2022. Here are the power 5 from the UAE and their rankings:Dr. Sultan bin Ahmed Al Jaber: Rank 2
Dr. Sultan bin Ahmed Al Jaber is the Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC).
Reason for ranking: ADNOC has had an enterprising last year. It announced investments of almost $6 billion (Dh22 billion) to enable drilling growth, following which the oil giant announced conventional oil, condensate and gas discoveries of up to one billion barrels of oil equivalent from an exploration well in Abu Dhabi’s Onshore Block 4 concession.
At the company’s helm is Dr. Sultan Al Jaber, who is second on the list for driving the company’s ambitious growth strategy. Al Jaber was named the highest-ranked CEO outside of the US and China, according to Brand Finance.
Sheikh Ahmed bin Saeed Al Maktoum: Rank 3
Sheikh Ahmed bin Saeed Al Maktoum is the Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group.
Reason for ranking: Sheikh Ahmed led Dubai carrier Emirates’ resurgence in the wake of the pandemic. The airline inked agreements and launched initiatives to support tourism to several destinations including Spain, Maldives and Saudi Arabia, as well as transported 600 million doses of Covid-19 vaccines on its flights to over 80 destinations by December. Meanwhile, as chairman of Dubai-based lender Emirates NBD, he oversaw the bank post Dh9.3 billion in net profit in 2021, surging 34 percent over the previous year.
Khaldoun Khalifa Al Mubarak: Rank 5
Khaldoun Khalifa Al Mubarak is the Chairman of the Executive Affairs Authority, Member of the Executive Council, Managing Director and Group Chief Executive Officer of Mubadala.
Reason for ranking: With $243 billion in assets under management, Mubadala Investment, headed by Al Mubarak is playing a key role in diversifying Abu Dhabi’s economic growth. He also chairs the Emirates Nuclear Energy Corporation, Emirates Global Aluminium and Abu Dhabi Commercial Bank. Al Mubarak is a member of the Abu Dhabi Executive Council, too.
Mohamed Ali Rashed Alabbar: Rank 8
Mohamed Ali Rashed Alabbar is the founder of property developer Emaar.
Reason for ranking: Developer Emaar Properties posted its highest ever property sales worth $9.19 billion last year. It also reported a net profit of $1.035 billion for 2021, recording 80 percent growth from $574 million in 2020. Besides being at the forefront of real estate, Emaar founder, Alabbar, has also driven the e-commerce platform noon.com, which opened its largest warehouse space in Riyadh recently, spanning over 45,000 sqm. Alabbar is also the chairman of Zand, a digital bank, which will offer retail and corporate services, post launch.
Sarah bint Yousif Al Amiri: Rank 9
Sarah bint Yousif Al Amiri is the Minister of State for Advanced Technology.
Reason for ranking: After reaching Mars, the chairwoman of the UAE Space Agency, Sarah bint Yousif Al Amiri is not standing still. The agency announced a new interplanetary mission last year, involving an expedition to the orbit of Venus as well as an exploration of the asteroid belt beyond Mars. With the UAE embarking on new space initiatives, Al Amiri, also the UAE’s Minister of State for Advanced Technology and head of the Emirates Scientists Council, will be a guiding force in the country’s technological advancements on Earth and beyond.
Reem bint Ibrahim Al Hashemy: Rank 15
Reem bint Ibrahim Al Hashemy is the Minister of State for International Cooperation, Director General Office at Expo 2020 Dubai.
Rason for ranking: For her continuous efforts over the past several years to organise Expo 2020 Dubai, director general Reem Al Hashemy received special recognition as part of the Dubai Government Excellence Programme. Expo 2020 Dubai, divided into three districts based on the subthemes of opportunity, mobility and sustainability, saw the participation of 192 countries and recorded over 22 million visits during its six-month run. Al Hashemy also serves as the UAE Minister of State for International Cooperation and chairs the UAE’s National Committee on Sustainable Development Goals and philanthropic association Dubai Cares. ICA/Expat Media
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