Phillipa Harrison becomes new CEO of RAKTDA: The Ras Al Khaimah government tapped Phillipa Harrison (LinkedIn) as CEO of its Tourism Development Authority (RAKTDA), according to a press release (pdf). Harrison brings decades of international tourism experience across Australia and other global markets, having most recently served as managing director of Tourism Australia since 2019.

Background: The move comes as Ras Al Khaimah looks to develop and expand its tourism infrastructure, targeting 3.5 mn annual visitors by 2030. Ras Al Khaimah welcomed a record 650k visitors in 1H 2025.

Shuaa names new CEO: Dubai-based investment platform Shuaa Capital appointed Nabil Al Rantisi (LinkedIn) as group CEO effective 1 September, according to a DFM disclosure (pdf). He succeeds Wafik Ben Mansour (LinkedIn), who was named acting CEO in May 2023 and will become senior advisor to the board after overseeing a restructuring that returned the firm to profitability for two consecutive quarters.

REMEMBER- The leadership change is the latest move in a wider overhaul at Shuaa, which has included appointing a new management team, settling around AED 500 mn in margin facilities, and restructuring AED 208 mn in obligations with its senior creditor. The company also issued AED 85 mn in new mandatory convertible bonds (MCBs) and AED 274.5 mn in MCBs to existing noteholders as part of its capital restructuring program.

Tags: