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Zain Chief Executive, Dr Saad al Barrak, Resigns Over Future of Company


Kuwait : 05 February

Zain’s largest shareholder, Kharafi Group of Kuwait and the Zains Chief Exec have fallen out over the future direction of the state of Kuwaits largest and most successful companies.

In 8 years, Dr Saad al Barrak, grew the company from a local mobile phone operator into an international success story and the split with Zain is rumoured to be due to differences in desired growth vs Kharafi groups desire to capitalise, according to a Dubai based telecoms analyst.

Dr al Barrak’s resignation may sound the death knell for his 3×3x3” strategy, involving three three-year plans to build a regional, international, and global Telecoms business.

Paul Holdsworth

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
03 February

United Arab Emirates Information Technology Sector Set to Recover in 2010

Spending in the IT sector in the UAE is forecasted to recover in 2010, with projected spending on IT products and services to reach 3 Billion US Dollars.
Government initiatives in Education and Healthcare, where the UAE Ministry of Education announced an AED 79 Million budget to supply computers and internet to state schools and the [...]

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