Appointment Signals New Era for Emaar Industries & Investments.Summary: Emaar Industries & Investments (EII (Enterprise Information Integration) Similar to an EIS (executive information system), an EII aggregates current information from all data sources within an organization. ) has announced the appointment of a new Chief Executive Officer. Mr. Mohammad Noun 1. Mohammad - the Arab prophet who, according to Islam, was the last messenger of Allah (570-632) Mahomet, Mahound, Mohammed, Muhammad Saeed Al Raqbani has been formally appointed by the board and has outlined his plan to consolidate the business through diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. within its key focus in the manufacturing sector. Appointment Signals New Era for Emaar Industries & Investments New Chief Executive Officer, Mr. Mohammad Saeed Al Raqbani to focus on further diversification within manufacturing sector Emaar Industries & Investments (EII) has announced the appointment of a new Chief Executive Officer. Mr. Mohammad Saeed Al Raqbani has been formally appointed by the board and has outlined his plan to consolidate the business through diversification within its key focus in the manufacturing sector. "Mr. Raqbani has great respect and admiration in from within and outside the company and we are very pleased to announce this appointment. It is critical for Emaar Industries & Investments to have strong leadership in place and myself and the board are confident that this move will continue to help evolve EII in the best way possible. Much of our development is due to the hard work of Dr. Ahmad Khayyat, who has chosen to pursue new opportunities and we would like to thank him for all he has achieved at EII and wish him all the best," says H.E. Mr. Mohammad Ali Al Hashimi, Vice Chairman, Emaar Industries & Investments. "We have a continued commitment to develop our business and keep increasing shareholder value. As part of this commitment, we need to maintain continuity and there is no better way than employing and promoting from within our own organisation. EII has been highly successful since its inception and there is more than enough capability for this success to continue. We are entering another positive year despite the global problems that are afoot," continues H.E. Mr. Mohammad Ali Al Hashimi. Mr. Raqbani joined EII in 2006 bringing a diverse business background to the organisation. Some estimates show that total investment in the region's industrial sector has exceeded more than US$115 billion and the new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. has already outlined EII's continued strategy under his leadership to continue to support the industrial sector in the GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). . "EII has a strong foundation and a good financial position. This situation has come about due to a solid platform we've created at the organization, which has allowed us to focus on the manufacturing sector. The sector holds great potential and it is critical that we hold firm our belief in supporting the existing businesses that we have partnered with as the industrial sector is the backbone of many other sectors. EII intents to further diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. within the manufacturing sector with an additional focus on the Pharmaceutical and FMCG FMCG Fast Moving Consumer Goods sectors," explains Mr. Raqbani. "As part of the process of centralisation n. 1. same as centralization. Noun 1. centralisation - the act of consolidating power under a central control centralization consolidation, integration - the act of combining into an integral whole; "a consolidation of two corporations"; , we aim to increase synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between the subsidiaries that partner with us in order to generate new efficiencies and increase profitability. This is just good business practice and it is important that EII and our partners continue to evolve," adds Mr. Raqbani. Additionally, EII intends to centralise Verb 1. centralise - make central; "The Russian government centralized the distribution of food" centralize, concentrate alter, change, modify - cause to change; make different; cause a transformation; "The advent of the automobile may have altered the a number of the key functions of the business and some elements of the subsidiaries in order to maintain the organization's positive status. 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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