Dubai Chamber's building in Deira. The chamber has been restructured into three entities - Dubai Chamber of Commerce, Dubai International Chamber and the Dubai Chamber of Digital Economy. Courtesy of Dubai Chamber
Dubai Chamber's building in Deira. The chamber has been restructured into three entities - Dubai Chamber of Commerce, Dubai International Chamber and the Dubai Chamber of Digital Economy. Courtesy of Dubai Chamber
Dubai Chamber's building in Deira. The chamber has been restructured into three entities - Dubai Chamber of Commerce, Dubai International Chamber and the Dubai Chamber of Digital Economy. Courtesy of Dubai Chamber
Dubai Chamber's building in Deira. The chamber has been restructured into three entities - Dubai Chamber of Commerce, Dubai International Chamber and the Dubai Chamber of Digital Economy. Courtesy of

Leading lights of Dubai's technology scene recruited to Digital Economy chamber's board


Michael Fahy
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  • Arabic

The founders of Souq.com, Careem and Aramex and other leading business figures have been appointed to the newly-created Dubai Chamber of Digital Economy to position the emirate as a global technology hub.

The board will be chaired by the UAE's Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Omar Al Olama, according to a statement by the chamber.

“We aim to position Dubai as a major hub for designing the future of the digital economy,” UAE Vice President and Ruler of Dubai Sheikh Mohammed Bin Rashid, said. "Our efforts in the coming phase will be dedicated to developing new high-tech tools and leading successful experiences in the digital sector."

On Saturday, Sheikh Mohammed approved a restructuring of Dubai Chamber that creates three separate entities – Dubai Chamber of Commerce, Dubai Chamber of Digital Economy and Dubai International Chamber. He also approved the personnel for a board of directors for Dubai Chambers – the body that will oversee the operations of the individual chambers – as part of a 50-year development plan for the emirate's economy.

The digital economy chamber's board includes: UAE Digital Government head Hamad Al Mansoori; former du chairman Ahmad bin Byat; Careem co-founder Mudassir Sheikha; Souq.com founder and Amazon Mena vice president Ronaldo Mouchawar; and Aramex founder Fadi Ghandour, who runs venture capital company Wamda Capital.

Beco Capital managing partner Dany Farha, Womena founder Elissa Freiha, Mumzworld founder Mona Ataya, Al Tayer Insignia chief executive Khalid Al Tayer, Cafu founder Rashid Al Ghurair, Barakat board member Rashid Alabbar, Valtrans chief executive Mansour Al Habtoor and Seddiqi Holdings chief marketing officer Hind Seddiqi make up the remainder of the digital economy chamber's board.

An advisory council of more than 40 members also contains other leading lights of the emirate's technology scene, including Telegram co-founder Pavel Durov, Bayt.com founder Rabea Ataya, Propertyfinder's Michael Lahyani, Kitopi founder Mohamad Ballout and venture capitalists, including Middle East Venture Partners founder Walid Hanna and Global Ventures partner Noor Sweid.

Dubai has been providing a growth-friendly environment for digital businesses since the launch of Dubai Internet City back in 1999, Mr Al Olama said. There are about 1,400 SMEs in the sector in the UAE that have attracted Dh1.5 billion ($408.4 million) worth of funding and have a combined value of more than Dh100bn, according to the chamber.

The Dubai Chamber of Digital Economy has been tasked with building an advanced digital infrastructure and attracting global investment into the sector, providing incentives and facilities to attract entrepreneurs from around the world. Its job involves identifying any gaps and growth opportunities in the digital economy and proposing new policies or legislation that help to strengthen it.

“Investing in digital solutions and emerging technologies will create new opportunities and boost Dubai’s competitiveness,” said Mr Al Olama.

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UAE currency: the story behind the money in your pockets
Results:

Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.

if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

No_One Ever Really Dies

N*E*R*D

(I Am Other/Columbia)

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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Updated: June 30, 2021, 4:34 PM