{"id":583655,"date":"2023-03-19T00:00:00","date_gmt":"2023-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/19\/adel-el-labban-steps-down-from-aub-after-two-decades-at-the-helm-plus-itida-journalists-syndicate-get-new-chiefs\/"},"modified":"2023-03-19T00:00:00","modified_gmt":"2023-03-19T00:00:00","slug":"adel-el-labban-steps-down-from-aub-after-two-decades-at-the-helm-plus-itida-journalists-syndicate-get-new-chiefs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/19\/adel-el-labban-steps-down-from-aub-after-two-decades-at-the-helm-plus-itida-journalists-syndicate-get-new-chiefs\/","title":{"rendered":"Adel El Labban steps down from AUB after two decades at the helm. PLUS: ITIDA, Journalists\u2019 syndicate get new chiefs"},"content":{"rendered":"

Adel El Labban<\/span> (<\/span>LinkedIn<\/a><\/span>) stepped down from his role as <\/span>group CEO<\/span>of <\/span>Ahli United <\/span>Bank<\/span> last week, a position he has held since 2000, according to <\/span>Youm7<\/a><\/span>. El Labban was responsible for the management of the commercial, retail and private banking and wealth management businesses or AUB and all its affiliates across Bahrain, Kuwait, UAE, Iraq, Egypt, Saudi Arabia, Oman, Libya and the UK. A senior international banker with close to 30 years in the industry, El Labban has held C-suite positions at the United Bank of Kuwait and CIB as well as acting as the vice president of corporate finance at Morgan Stanley\u2019s Investment Banking Division.<\/span><\/p>\n

<\/p>\n

\n

Ahmed Elzaher<\/span> (<\/span>LinkedIn<\/a><\/span>) has been officially made <\/span>CEO<\/span> of the <\/span>Information <\/span>Technology Industry Development Agency<\/span> (ITIDA) by Prime Minister Moustafa Madbouly, the Communications Ministry said in <\/span>a statement<\/a><\/span> yesterday. Elzaher has <\/span>held the position since December<\/a><\/span>, when he was named acting head in place of Amr Mahfouz who retired a month prior. <\/span><\/p>\n

About Elzaher: <\/span>Elzaher is also assistant minister for ecosystem development at the Communications Ministry, and has more than 27 years of experience in the IT industry in several countries, including Egypt, the UAE, Kenya and Algeria.<\/span><\/p>\n

<\/p>\n

\n

Khaled El Balshy<\/span> has been elected the <\/span>new head of the Journalists\u2019 Syndicate<\/span> after <\/span>winning almost 50% of the vote in Friday\u2019s election. El Balshy received 2,450 of the 5,062 votes, beating his closest rival, Al Akhbar editor-in-chief Khaled Miri, who got 2,211, according to a tally carried by <\/span>Al Shorouk<\/a><\/span>. El Balshy will succeed Diaa Rashwan who had headed the syndicate <\/span>since 2019<\/a><\/span>. <\/span><\/p>\n

Who is El Balshy? <\/span>A critic of the government, El Balshy is currently the editor-in-chief of the <\/span>blocked leftist online publication Darb, before which he led <\/span>El Badil<\/a><\/span>. He also previously headed the syndicate\u2019s freedoms committee. El Balshy ran a campaign focusing on press freedoms, the need for an independent syndicate, and low wages in the industry. <\/span>The election results received coverage overseas: <\/span>AFP<\/a><\/span>. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Industry veteran Ahmed Elzaher to head ITIDA<\/p>\n","protected":false},"author":1,"featured_media":583656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[1628,204,72,1635,206],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-ahli-united-bank","tag-banking","tag-enterpriseam","tag-itida","tag-moves","wpautop","entry"],"acf":{"mongo_id":"34cb58d4-078d-484e-940e-97921dcd4471","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/Adel-El-Labban-x1600.jpg","photo_position":"below","homepage_title":"Adel El Labban steps down from AUB after two decades at the helm","full_issue_title":"Adel El Labban steps down from AUB after two decades at the helm. 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The loan will be used to fund the company\u2019s Aswar Residences project in New Cairo.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627951,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/ebtikar-planning-egx-debut-in-two-years\/","url_meta":{"origin":583655,"position":2},"title":"Ebtikar planning EGX debut in two years","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"IPO WATCH- Ebtikar planning EGX debut in two years: Ebtikar, the SME finance outfit owned by B Investments and MM Group, could list shares on the EGX in two years\u2019 time, Investors Relations Head Omar El Labban tells Al Mal. The company is also in the process of applying for\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574791,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/ahli-united-bank-bid-for-aub-egypt-gets-regulatory-approval\/","url_meta":{"origin":583655,"position":3},"title":"Ahli United Bank bid for AUB Egypt gets regulatory approval","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"M&A WATCH- Ahli United Bank gets regulatory clearance for bid to buy out minority investor: Ahli United Bank\u2019s (AUB) full takeover of its Egypt arm moved a step closer yesterday after the Financial Regulatory Authority (FRA) approved its offer to purchase the remaining 14.52% stake in AUB Egypt alongside Misr\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574752,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/ifc-selling-its-stake-in-aub-egypt\/","url_meta":{"origin":583655,"position":4},"title":"IFC selling its stake in AUB Egypt?","author":"enterpriseam admin","date":"21 September 2020","format":false,"excerpt":"M&A WATCH- Is IFC selling its stake in AUB Egypt? The International Finance Corporation (IFC) is reportedly selling its 10% stake in Ahli United Bank (AUB) Egypt to AUB Egypt\u2019s parent company in Bahrain, the local pressreported, citing unnamed sources familiar with the matter. This would account for the bulk\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575828,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","url_meta":{"origin":583655,"position":5},"title":"Ahli United Bank purchases 30 mn shares in AUB Egypt","author":"enterpriseam admin","date":"28 October 2020","format":false,"excerpt":"M&A WATCH- Bahrain\u2019s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr Strategia for EGP 913.1 mn, it said in an announcement posted on EGX screens yesterday. The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/583655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=583655"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/583655\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/583638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/583656"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=583655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=583655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=583655"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=583655"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=583655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}