Latest news with #Lootah
Mid East Info
05-07-2025
- Business
- Mid East Info
ENOC Board appoints Hussain Sultan Lootah as Acting Chief Executive Officer of the Group - Middle East Business News and Information
ENOC Group, a leading integrated global energy player, has announced the appointment of Mr. Hussain Sultan Lootah as Acting Chief Executive Officer of ENOC Group. The appointment aligns with the Group's commitment to drive the future of energy and support Dubai's ambitious plans of economic diversification and sustainable development. Mr. Lootah takes over from Mr. Saif Humaid Al Falasi, who led the Group's progress and expansion for the last 10 years. Mr. Hussain Sultan Lootah, Acting CEO of ENOC Group said: 'ENOC Group is at the forefront of building a more sustainable energy landscape for the UAE and the wider region. I am honoured to step into this new role and be part of the ENOC Group success journey, and look forward to working closely with ENOC's talent and leaders to build on its legacy of innovation and excellence.' With three decades of leadership experience in the Oil & Gas industry, Mr. Lootah brings deep expertise in finance, commercial strategy, project management, and talent development. His career spans key leadership roles in the field, where he led operations and drove significant progress in Emiratisation and human capital development. About ENOC Group: ENOC Group is a leading integrated global energy player and a wholly owned entity of the Government of Dubai that is integral to the Emirate's success. ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group's general business operations include automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 12,500 employees and is deploying its world-class customer service, latest innovations, and technologies as well as best practices to empower the UAE's social and economic development.
Web Release
04-07-2025
- Business
- Web Release
ENOC Board appoints Hussain Sultan Lootah as Acting Chief Executive Officer of the Group
ENOC Group, a leading integrated global energy player, has announced the appointment of Mr. Hussain Sultan Lootah as Acting Chief Executive Officer of ENOC Group. The appointment aligns with the Group's commitment to drive the future of energy and support Dubai's ambitious plans of economic diversification and sustainable development. Mr. Lootah takes over from Mr. Saif Humaid Al Falasi, who led the Group's progress and expansion for the last 10 years. Mr. Hussain Sultan Lootah, Acting CEO of ENOC Group said: 'ENOC Group is at the forefront of building a more sustainable energy landscape for the UAE and the wider region. I am honoured to step into this new role and be part of the ENOC Group success journey, and look forward to working closely with ENOC's talent and leaders to build on its legacy of innovation and excellence.' With three decades of leadership experience in the Oil & Gas industry, Mr. Lootah brings deep expertise in finance, commercial strategy, project management, and talent development. His career spans key leadership roles in the field, where he led operations and drove significant progress in Emiratisation and human capital development.
TECHx
03-07-2025
- Business
- TECHx
ENOC Group Appoints Hussain Lootah as Acting CEO
Home » C-Suite Watch » ENOC Group Appoints Hussain Lootah as Acting CEO ENOC Group has announced the appointment of Mr. Hussain Sultan Lootah as Acting Chief Executive Officer. The decision reflects the Group's ongoing commitment to shaping the future of energy. It also supports Dubai's broader goals for economic diversification and sustainable development. Mr. Lootah succeeds Mr. Saif Humaid Al Falasi, who led ENOC Group's expansion and achievements for the past 10 years. In a statement, Mr. Hussain Sultan Lootah said, 'ENOC Group is at the forefront of building a more sustainable energy landscape for the UAE and the wider region. I am honoured to step into this new role and be part of the ENOC Group success journey. I look forward to working closely with ENOC's talent and leaders to build on its legacy of innovation and excellence.' The Group revealed that Mr. Lootah brings over 30 years of leadership experience in the oil and gas sector. His expertise spans finance, commercial strategy, project management, and talent development. He has held key leadership roles throughout his career. Notably, he has driven major progress in Emiratisation and human capital development. Key highlights: Appointment supports Dubai's energy and sustainability goals Mr. Lootah brings three decades of oil and gas leadership The ENOC Group reported that the transition aligns with its long-term vision for innovation, excellence, and national development.
Business Recorder
16-06-2025
- Business
- Business Recorder
PM lauds UAE governance practices
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday lauded the United Arab Emirates (UAE) for transforming itself into a developed nation through modern governance practices, saying Pakistan was keen to learn from its experience. Speaking during a meeting with Abdulla Nasser Lootah, UAE's Deputy Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange, PM Sharif said Pakistan was implementing several reforms aimed at improving governance and public administration. According to a statement from the Prime Minister's Office, Lootah led a high-level UAE delegation that included UAE Ambassador Hamad Obaid Al Zaabi, as well as senior officials Abdullah Al Balouki and Ibrahim Al Ali from the Government Knowledge Exchange Office. PM Sharif noted Pakistan's recent efforts towards digitisation, a shift to a paperless economy, and the implementation of a faceless customs system as part of ongoing reforms. He said Islamabad was particularly interested in adopting UAE's model for good governance and data-driven decision-making. Reflecting on his recent visit to Abu Dhabi, the prime minister described his meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan as very fruitful. He also acknowledged the UAE's role in de-escalating tensions during past conflicts between Pakistan and India. For his part, Lootah reaffirmed the UAE's strong ties with Pakistan and lauded the contribution of the Pakistani diaspora to the Emirates' development. He expressed the UAE's willingness to share its knowledge and governance expertise with Pakistan. Copyright Business Recorder, 2025
Al Etihad
14-06-2025
- Business
- Al Etihad
UAE's Islamic finance, halal industry poised for robust growth, economic diversification
14 June 2025 12:30 ABU DHABI (WAM)The UAE continues to cement its status as a leading global hub for Islamic finance and the halal industry, aligned with a comprehensive development vision aimed at diversifying the national economy and enhancing global by forward-thinking government policies, a modern regulatory framework, and cutting-edge financial and industrial infrastructure, both sectors are witnessing dynamic growth. The UAE is investing heavily in a knowledge- and innovation-based economy, with Islamic finance and halal products playing key roles in this May, the UAE launched a national strategy for Islamic finance and halal industry development. The plan sets out to create an integrated ecosystem for Islamic financial activities, including banking, Takaful (Islamic insurance), Sukuk (Islamic bonds), and non-banking financial services—aligned with international best practices and to February data from the Central Bank of the UAE, Islamic banks now account for approximately 18% of total banking assets and 22.8% of total credit within the national banking Islamic Sukuk market, in particular, has expanded significantly. Notably, the federal government launch of the dirham-denominated Islamic Treasury Sukuk (T-Sukuk) in 2023, signalling a new era for the UAE is now recognised as one of the world's largest Sukuk listing centres. As of May, Sukuk listed on Nasdaq Dubai exceeded $95.7 billion, reinforcing the country's position as a global hub for Sharia-compliant fixed-income 2023, the country was ranked fourth globally in Islamic financial markets by assets, according to the 2023 Islamic Finance Development Indicator based on total Saleh, Director-General of the UAE Banks Federation (UBF), noted that the strategy outlines ambitious goals to elevate the Islamic economy's role both domestically, regionally, and statements to the Emirates News Agency (WAM), Saleh highlighted the UAE's successful development of financial systems that have empowered the Islamic banking sector as part of the nation's broader diversification pointed to significant strides in Islamic banking, Sukuk issuance, and broader Sharia-compliant also noted the sector's impressive growth trajectory. As of February 2025, total credit granted by Islamic banks reached AED503.5 billion, a 16% year-on-year increase. Private sector credit alone stood at AED350.4 billion, growing 13.2% deposits at Islamic banks surged to AED595.3 billion, marking an annual growth rate of 16.9%.Parallel to its financial achievements, the UAE is asserting itself as a global halal industry hub. Under the newly approved national strategy, the UAE aims to increase halal exports from AED74 billion to AED315 billion by 2031, leveraging its strategic location and world-class Lootah, Chairman of the UAE Food and Beverage Manufacturers Group, in statements to WAM, said that the strategy is a landmark step toward establishing the UAE as a global halal production highlighted growing local manufacturer interest in expanding into this vital sector, particularly as global demand for halal products to a report by Bonafide Research on the halal food and beverage market in the UAE, the market size is projected to exceed $31.27 billion by 2029. This growth reflects the increasing demand for halal-certified products, both within the country and globally, as consumers become more conscious of dietary and ethical standards. The UAE's strategic location as a global trade and tourism hub plays a key role in driving this expansion. Its position enhances the country's appeal to both local and international consumers seeking trusted halal-certified goods, reinforcing the UAE's reputation as a leading centre for halal commerce.
