Ajman Bank appoints Mustafa Mohammed Saeed Al Khalfawi as CEO

DUBAI: Ajman Bank has announced the appointment of Mustafa Mohammed Saeed Al Khalfawi as the new Chief Executive Officer, who will start his new post from 1st of September 2023.H.H. Sheikh Ammar bin Humaid Al Nuaimi, Chairman of Ajman Bank, said, “We are delighted to welcome Mr. Al Khalfawi as the CEO of Ajman Bank. He is a highly experienced and accomplished banker with a proven track record of leadership and success. We are confident that with his extensive experience, in-depth market understanding and leadership acumen, he will continue to drive Ajman Bank’s growth while delivering exceptional results for our stakeholders, investors and customers.”Speaking about his new position, Mr. Al Khalfawi expressed his utmost gratitude and excitement, stating, "It is a privilege and honor to assume this role, and I eagerly anticipate the opportunities and challenges that lie ahead. I am sincerely grateful to the Board of Directors for their unwavering trust in me during this crucial time. Ajman Bank has been an integral part of the UAE economy providing exceptional Sharia-compliant financial solutions and services across its institutional businesses. With a solid foundation, a robust business strategy, and a dedicated team of experts, our goal is to further elevate Ajman Bank's achievements and propel it to new heights of growth."With over 20 years of strong experience in corporate and consumer banking, Al Khalfawi is an accomplished, versatile, and results-driven corporate and investment banker. He, with his profound industry knowledge, leadership experience, and emphasis on innovation, customer-centricity, and operational excellence, will be instrumental in driving Ajman Bank towards greater success.

Digitas ME appoints Kareem Monem as CEO

Dubai: Publicis Groupe Middle East has announced the arrival of Kareem Monem as the new Chief Executive Officer of Digitas ME, the pioneering marketing transformation agency. Monem's mission is to supercharge the agency's growth by seamlessly blending data-driven insights, captivating creativity, and cutting-edge technologies to create unparalleled hyper experiences that bridge the gap between brands and consumers.Bassel Kakish, Group CEO for Publicis Groupe Middle East & Turkey, said: “Digitas has witnessed remarkable growth over the past few years, and we are confident that under Kareem’s leadership, we will continue on this accelerated path of growth. With his wealth of experience driving digital innovation and transformation for multinational and private entities across the region, Kareem will unlock new opportunities across Digitas to propel the Groupe forward.” Kareem joins Digitas ME after his successful tenure as the Regional Managing Director at Valtech. Prior to this, he spearheaded the introduction of Publicis Sapient in the region and held a partner position at PwC. Internationally, Kareem has collaborated with esteemed organizations such as AstraZeneca, the Bank of England, and Vimplecom. He also co-founded a groundbreaking modular banking platform that revolutionized digital transformation for institutions across the Middle East and Africa, including renowned entities like King Abdullah Financial District, Central Bank of Egypt, and Miral.Kareem Monem, CEO of Digitas added, “I feel incredibly fortunate to be returning to Publicis Groupe after a four-year hiatus. The Groupe has gone through an incredible transformation, attracting world-class talent, creating award-winning work, and most importantly, delivering on the transformational commitment to its clients. I look forward to contributing to its continued success and being part of a phenomenal brand.”

Landmark Group announces the passing of Founder Chairman Mukesh “Micky” Jagtiani

Dubai: The Landmark Group today announced that its eminent Founder and Chairman, Mukesh “Micky” Jagtiani, has passed away peacefully, surrounded by his loving family.Micky Jagtiani leaves behind a formidable legacy of a leading family-owned business conglomerate in the GCC region and beyond, that he founded and managed for several decades. Renowned for his exceptional leadership, unwavering customer-centric approach, and deep market understanding, his visionary spirit and strategic foresight helped the Landmark Group and its brands become a household name in the community. He will always be known for his inspiring leadership and even more so, for his humility and genuine concern towards all the lives he touched.From its humble beginnings with a single store in Bahrain in 1973, Micky Jagtiani was the driving force in shaping the conglomerate’s extraordinary journey. His strategic acumen enabled the Landmark Group to emerge as the region's foremost retail and hospitality conglomerate, with over 2,200 stores in 21 countries across the Middle East and Africa, as well as the Indian Subcontinent, and Southeast Asia.He is fondly remembered by his family – his wife- Renuka, his children - Aarti & Savitar, Nisha & Kabir, and Rahul, his grandchildren Samar, Nikhil, Yohan and Aliya - and his beloved Landmark Group community. He leaves behind enduring friendships, 21 countries , and bonds with the Group’s senior management, the industry and wider community, whose lives he touched profoundly.The Landmark Group remains committed to carrying forward his spirit and ensuring the continuing success of his ambitions and dreams A public condolence gathering is scheduled to take place on Monday, May 29th 2023. Further details to be shared. announces $250mln Series D led by QIA

Dubai:®, the AI powered composable software platform, designed to be so simple and accessible that everyday businesses and individuals can turn their ideas into software, today announced an investment of $250 million in a Series D funding. The new investment, led by Qatar Investment Authority (QIA) takes the total amount raised by the company to over $450 million with an up to 1.8x increase in its valuation.The latest round of capital will fuel the company’s continued industry leadership and innovation pipeline allowing further investments in talent, partnerships, and technology; with a bigger focus on using human conversation as the primary user interface for allowing people to build software rather than the expert-laden white-canvas systems we are used to seeing in the no-code/low-code space. With customer demand at an all-time high, and AI advancing every day, the company has almost doubled its headcount since January 2022, and extended its UK HQ footprint with four new offices opened since 2021 – including the USA, the UAE, Singapore, and France.Continued investor support – combined with strategic partnerships, customer tailwinds and acclaimed industry innovation – helped drive the company’s momentum with 2.3x revenue growth and over 40,000 features deployed to customers within the last year.    The Series D round included participation from additional existing and new investors including Iconiq Capital, Jungle Ventures & Insight Partners.“ was founded on the promise that everyone should be empowered to unlock their human potential. Today this means being able to build software to be able to do more with less. We are entering an incredible time in history where the very notion of software is changing; from something that had a shelf life of years to what will eventually have a shelf life of a conversation and the volume of what is being created is only going to grow exponentially” said Sachin Dev Duggal, Chief Wizard and Founder of     Duggal added “With the support of our investors and the dedication and drive of our team, we are further empowered to unlock our own potential. Our growth strategy has always been driven by a DNA based on being able to do more with less and this has weaved into our shared vision with our customers around the world as everyone pushes the envelope to do more. It is what attracted our first-round investors in 2018, and what drives this Series D today. Our team is already investing this capital in our AI and automation capabilities, not only keeping pace with the fast-moving industry, but leading from the front so we can empower our customers more and at the same time use new frontier technology responsibly.”"QIA is very excited to be partnering with the leader in this space. We are confident that’s innovative technology and proven approach positions the company for a future of substantial growth. This investment is aligned with QIA’s strategy of supporting innovative companies shaping the future of the global economy” said Ahmed Ali Al-Hammadi, CIO for Europe, Türkiye and Russia at QIA.“Our journey with was fuelled by a deep-seated belief in their pioneering solution, allowing us to recognise the immense potential of this sector and anticipate the trajectory of this industry during its nascent stages,” said Amit Anand, Managing Partner at Jungle Ventures. “As early investors, we have witnessed their exceptional growth, even amidst harsh economic climates, which demonstrates the team's resilience and commitment to innovation. We are proud to continue supporting on their visionary path today.”Established in 2016, continues to lead the industry with its AI-powered composable software platform that allows anyone with an idea to build an app (web or mobile) – faster and 70% more affordably. Breaking software down into its reusable lego-like features, coupled with customization from its managed expert network of designers and developers atop its human assisted AI powered assembly line, has been the key to’s performance and that of its customers’ successful digital transformations worldwide.The brand has also furthered its partnership with Microsoft for a holistic global GTM and inclusion in their reseller program, as well as entered partnerships with JP Morgan & Chase, Etisalat UAE and other technology and financial enterprises. These partnerships, along with the company’s visionary application of AI, has landed on the 2023 Fast Company list of Most Innovative Companies, winner of the 2022 Europas “Scale Up of the Year” as well as placing them firmly in the 2021 Gartner® Magic Quadrant™ for Multi Experience Development Platforms (MXDP) and MarketGuide 2022 for MXDP, as well as inclusion in the final round of consideration for 2022 Gartner® Magic Quadrant™ for low code application platforms (LCAP).The transaction is subject to customary closing conditions.Goodwin acted as legal advisor to