Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan tapped Badr Jafar as Special Envoy for Business and Philanthropy, according to a statement. Jafar will focus on upping the UAE's engagement with global businesses and philanthropic communities, and strengthening the role of the private sector in achieving these objectives. Jafar currently serves as CEO of Crescent Enterprises and Chairman of Gulftainer, and also holds an advisory role with the UN Secretary-General’s High-Level Panel on Humanitarian Financing.

Swedish AI-focused software developer IFS appointed Rahul Misra (LinkedIn) as Senior Vice President and Managing Director for its Middle East and Africa operations, replacing Mehmood Khan (LinkedIn) who is moving on to a wider executive role, according to a press release. Misra, who previously led Oracle’s cloud applications business in the Gulf and South Africa, will oversee IFS’ regional growth strategy and expansion. His appointment comes as the company sees momentum in markets like Saudi Arabia, the UAE, and Africa.

REMEMBER- Earlier this month, a subsidiary of the Abu Dhabi Investment Authority agreed to acquire a minority stake in IFS, valuing the company at over EUR 15 bn.

7X ’s financial arm Fintx has named Malaz Mubaid (LinkedIn) as the CEO of its subsidiary Wall Street Exchange, according to a press release. Mubaid — who recently served as head of retail operations and business development at the Wall Street Exchange — has over 19 years of experience in financial services and will focus on scaling operations, improving efficiency, and broadening the service portfolio.

The Ruler of Ajman Sheikh Humaid bin Rashid Al Nuaimi appointed Saif Ahmed Musabah Al Suwaidi as director-general of the Department of Economic Development in the emirate’s government, state news agency Wam reports. Al Suwaidi brings over 29 years of experience in public service, including roles as under-secretary at the Human Resources and Emiratization Ministry and Emiratization Affairs Ministry.

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