Corporate World

Al Hilal Bank, the progressive Abu Dhabi - headquartered Islamic Bank, has announced the resignation of Mr. Mohamed Jamil Berro as the CEO, a position he has held since the bank’s establishment in 2008. Mr. Berro explained that his resignation is due to personal reasons. The Board of Directors expressed their appreciation for Berro, commending his vital role in raising the bar of the bank’s performance, services and products throughout his tenure.

Milaha, a Qatar-based marine transport and logistics conglomerate, announced that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September.

Bain & Company revealed the results of its 14th biennial index of 25 of the most popular management tools and trends. More than 1,000 senior executives representing companies of all sizes around the world responded to the 2015 survey, Management Tools & Trends, which found that executives are more confident in the global economy and their company’s financial performance than they’ve been in the recent past. As a result, they are leaning more heavily on management tools to advance their longer-term growth strategies. Nearly half of the firms surveyed said they are looking to new tools to tackle pressing management challenges, such as increased business complexity, cyber-attacks and waning customer loyalty.

Globe Express Services has announced the appointment of Poonam Datta as its new Chief Commercial Officer (CCO). The industry expert will be responsible for developing the company’s global commercial strategy and building a strong team to further expand its presence in the international market. An accomplished and experienced business leader, Datta is a thorough professional with an ability to build synergies across platforms and organizations to deliver consistent growth for all stakeholders.

Menacorp, the UAE’s leading financial services firm, has announced the appointment of its new Executive Director, Arshad Khan, who left his position as Chief Executive Officer of Bahrain Financial Exchange (BFX). Khan’s 17 years of relevant professional experience and detailed insights in the areas of technology, operations, products, regulations, strategy, finance, and marketing will reinforce further growth for Menacorp.