Latest in Tag: CEO Highlight

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Latest in Tag: CEO

A Fine Bargain

Retail conglomerate Majid Al Futtaim’s $1.3bn investment plan in Egypt was announced when economic growth was still fledgling. But two years from then, the company and its CEO Alain Bejjani’s commitment seems to have paid off as Egypt’s economy surges. For Alain Bejjani, the reason for Majid Al Futtaim’s sizeable presence in Egypt is quite …

Forbes Middle East

Hill+Knowlton Strategies MENA appoints Bashar AlKadhi as CEO

 Hill+Knowlton Strategies appointed Bashar AlKadhi as its new CEO in MENA, overseeing the company’s business across the Middle East, North Africa, and Turkey. He will assume the position in September. AlKadhi joins from the role of COO at Hill+Knowlton’s fellow WPP company ASDA’A Burson-Marsteller, a position he had filled since 2010. Prior to that, he held several senior …

Daily News Egypt

Vodafone-Egypt appoints Stefano Gastaut as CEO

Vodafone Egypt reshuffled its leadership and appointed Stefano Gastaut as the company’s CEO, replacing Ahmed Essam. Gastaut will assume duties starting September. Gastaut joined Vodafone in 2004. His first steps with the international mobile carrier began in Vodafone Italy, where he was promoted several times before becoming the CEO of Vodafone Partner Markets, which includes …

Mohamed Alaa El-Din

Malaysia Airlines ‘on course’ to break even by 2018

Malaysia Airlines’ outgoing CEO Christoph Müller tells DW that the company is on course to break even by 2018. The aviation firm is stepping up efforts to turn a profit after facing tragedies and record losses. Malaysia Airlines seems to be economically back on track. The company’s departing CEO says the airline could return to …

Deutsche Welle

VW paves the way for big changes ahead

Seeking to move past its Dieselgate scandal and catch up with the rapidly changing auto industry, VW is focused on a brighter, more nimble future. It wants to hand its brands more power and boost their cooperation.

Deutsche Welle

Tesla’s big bet

The stakes are high for Tesla and its new mid-priced Model 3. Growing competition in the electric car market and a dwindling amount of cash have left the company fighting for its survival.

Deutsche Welle

Twitter CEO gives away shares to boost staff morale

Twitter co-founder and Chief Executive Jack Dorsey wants to devote a third of his personally-held shares to the firm’s employee equity pool, in an apparent bid to enhance corporate identity amid difficult times. Amid a major downsizing drive announced by Twitter earlier this month, Jack Dorsey announced Thursday he would devote the shares to the …

Deutsche Welle

VW halts European sales of rigged cars

German carmaker Volkswagen has announced it has stopped the sale of new vehicles in the EU fitted with the emissions-cheating software. The cars in question will first be fixed and then put up for sale again. Volkswagen said Wednesday it had completely halted the sale of vehicles in the EU which came equipped with software …

Deutsche Welle

Alibaba’s Jack Ma to advise Cameron on business

Alibaba founder Jack Ma will join the business advisory group of British Prime Minister David Cameron. As one of China’s top economic figures, Ma is to help the UK secure better access to the Asian country’s market. The British Prime Minister’s office announced Monday that Chinese billionaire and Alibaba CEO Jack Ma would join David …

Deutsche Welle

Air France to keep 2016 job cuts despite clashes

Air France will go ahead with nearly one thousand lay-offs in 2016 as the struggling firm attempts a massive restructuring. The CEO said that thousands more cuts could be avoided if talks with the union go well. Air France confirmed on Sunday that it would go forward with job cuts proposed as part of a …

Deutsche Welle

Mobinil plans to increase capital next year: CEO

In an interview with Daily News Egypt, Mobinil CEO Yves Gauthier discussed the latest developments regarding the company’s debt restructuring process. Gauthier also tackled the status of and challenges facing the telecom market in Egypt. How does Orange International evaluate the telecom market in Egypt? It’s a big market, the country has around 90 million …

Sara Aggour

Volkswagen CEO apologizes for cheating on US auto emissions tests

Volkswagen CEO Martin Winterkorn has apologized for manipulating US diesel emissions tests. Fines and recalls loom on the horizon. But the biggest price to pay is VW’s loss of face – and that of the German auto industry. Volkswagen CEO Martin Winterkorn has been forced to apologize after the US Environmental Protection Agency (EPA) found …

Deutsche Welle

Apple enters refugee crisis with donations

Apple has enabled its customers to make a “financial donation” to aid refugees in Europe. CEO Tim Cook told employees the company will also make a donation in hopes of easing “the hardship so many are enduring.” American technology giant Apple enabled a function on its operating system’s App Store allowing iPhone and MacBook consumers …

Deutsche Welle

VW CEO Winterkorn likely to stay until end of 2018

Directors at Germany’s Volkswagen have thrown their weight behind extending the contract of CEO Martin Winterkorn. They said he should not leave the post before the end of 2018, hoping for more successful years. German carmaker Volkswagen said Wednesday that key members of its supervisory board hoped to extend the contract of CEO Martin Winterkorn …

Deutsche Welle

Lufthansa pilots threaten more strikes

Lufthansa pilots have said they could engage in more strike action soon, following failed collective bargaining negotiations with management. Union officials said the airline’s executives had turned down a savings plan. Members of the German pilots’ union Vereinigung Cockpit (VC) said Wednesday top-level talks with Lufthansa CEO Carsten Spohr had failed to make progress on …

Deutsche Welle

Ashley Madison chief Biderman steps down

The chief executive of Canadian-based infidelity website Ashley Madison has thrown in the towel after hackers leaked sensitive membership data online. Executives, however, said the portal would continue operating. Adulterers’ dating site Ashley Madison announced Friday its CEO Noel Biderman stepped down following a widening data leak scandal. Parent company Avid Life Media, which operates …

Deutsche Welle

OPIC to focus investments on franchise, renewable energy and SMEs

As part of the US delegation’s mission to Egypt, the Overseas Private Investment Corporation (OPIC), a US government financing institution, signed a $150 million deal with private equity group Abraaj Capital. The new commitment targets the enhancement and development of small and medium-sized enterprises (SMEs). Managed by Aureos Capital, Abraaj’s SMEs investment platform, the Riyada …

Mohamed El-Bahrawi