Edward Bell leaves ENBD for MUFG + Mohammed Al Shaibani leaves ICD board

Edward Bell (LinkedIn) is leaving Emirates NBD for MUFG, where he will head the Japanese bank’s research for the Middle East and North Africa, according to a statement (pdf). Bell spent more than a decade at Emirates NBD covering MENA macro, markets, commodities, rates, and FX and has been one of the Gulf's most-quoted voices on oil.

At MUFG, he will be based in Dubai and cover the Middle East, Turkey, and energy markets, with a focus on crude and natural gas. He reports locally to Wael Al Sharif, MUFG’s head of global corporate and investment banking for MENA, and to London-based Derek Halpenny, head of research for Global Markets EMEA and International Securities. Before Emirates NBD, Bell was a commodities and Middle East country analyst at the Economist Intelligence Unit in Hong Kong and London.

Mohammed Al Shaibani is no longer on the board of the Investment Corporation of Dubai (ICD), following a decree Dubai Ruler Sheikh Mohammed bin Rashid issued yesterday reconstituting the board of the emirate’s main investment arm, a Dubai Media Office statement showed. Shaibani sat on ICD’s board through at least three previous decrees, and he is still listed as its managing director on ICD’s website. The other seven members, led by Crown Prince Sheikh Hamdan bin Mohammed as chairman, all keep their seats.

It’s Shaibani’s third exit from a top Dubai post this month. He resigned as chairman of Dubai Islamic Bank, effective 20 September, the bank said in a disclosure (pdf) last week. Abdulrahman Saleh Al Saleh has been named acting director general of the Dubai Ruler’s Court, a post Shaibani had held since 2008. No reason has been given for any of the changes, but Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum thanked him for his efforts in the announcement of his replacement at the Dubai Ruler’s Court.

No changes have been announced to his other posts. Sheikh Mohammed named him chairman of the Dubai Humanitarian Authority in July. As of DIB’s board filing in March, he also chaired Dubai Healthcare City Authority and Kerzner International, the Atlantis operator. The same filing lists him as vice chairman of Dubai’s Supreme Fiscal Committee and a member of its Executive Council.