Retail conglomerate Majid Al Futtaim Holding named Fadel Al Ali as chairman, replacing Sir Michael Rake, who had joined the firm in 2009, according to a press release. Al Ali previously served as COO at First Abu Dhabi Bank and CEO at Dubai Holding, and is currently the chairman of the Dubai Financial Services Authority.

REMEMBER- Al Ali was already tapped as chairman of MAF Capital, after the Dubai government stepped in with a special judicial committee to restructure the governance of Majid Al Futtaim (MAF), to resolve a long-running succession impasse and stabilize the group’s future, the Financial Times reported earlier this month. It also converted it into a public joint stock company with a lower decision-making threshold. Five government and four family representatives joined Al Ali on the board.

The International Commerce Chamber (ICC) elected Dubai Chambers President and CEO Mohammad Ali Rashed Lootah (LinkedIn) as a member of its executive board, according to the Dubai Media Office. Lootah was previously the CEO of Dubai’s Department of Economic Development, where he headed operations on business commercial inspection, consumer protection, and intellectual property protection.

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