With companies and government increased new projects, the centralized decision-making model is reaching its limits. With little bandwidth left at the top, delays and poor follow-up is leading to disaster. How should companies reinvent themselves to create a more decentralized approach, with more delegated authority and accountability?
Meeting Room 1
14:00
to
14:45
The Management Bottlenecks
14:00
to
14:45
The Management Bottlenecks
Meeting Room 1
With companies and government increased new projects, the centralized decision-making model is reaching its limits. With little bandwidth left at the top, delays and poor follow-up is leading to disaster. How should companies reinvent themselves to create a more decentralized approach, with more delegated authority and accountability?
(Sessions and schedules are subject to change without prior notice)
Dr. Celeste Cecilia Moles Lo Turco
Director G&PS, PwC Middle East
Dr. Celeste Lo Turco is a Sovereign Wealth Funds (SWFs) and Sustainability Expert.
She is currently based in Dubai where she works as Director for PwC in the ESG & Sustainability field.
Dr Celeste Lo Turco started her career working for the SWFs Strategic Committee of the Italian Ministry of Foreign Affairs and the SWFs Law Centre. She became then the advisor for the Italian Municipalities National Association on the development of the national economy through the relationship with SWFs.
Former United Nations analyst with a specialization in Security and Middle-East Political Affairs, she worked within the United Nations Interregional Crime and Justice Research Institute (UNICRI).
The Middle East has been her house for more than ten years. She started in the United Arab Emirates working as Vice President Strategy for Future Holding, a Middle Eastern family office based in Dubai, moving then to the Kingdom of Saudi Arabia where she worked as a Director at NEOM. She is currently focusing on ESG and Sustainability practices as a Director for PwC based out of Dubai.
A Georgetown University Fulbright Visiting Researcher, she holds a PhD in Political Theory and
a master’s degree in International Relations, Markets and Institutions of the Global System.
She is an active writer about SWFs, sustainability, and global economics.
Iyad Malas
CEO, Al Ghurair Group
Iyad Malas is a seasoned executive with over 30 years of experience in various senior roles, spanning many countries and industries, including real estate, retail, leisure & entertainment, financial services, and investments.
Iyad Malas has been based in Dubai, UAE since 2007, and is currently Chief Executive Officer of Al Ghurair Group. Prior to this he was a Partner for 5 years in Gateway Partners, a private equity firm with offices in Singapore and Dubai. At Gateway Partners he worked on a number of deals, including an investment in Tim Horton’s Middle East and the setup of a real estate company in Africa. Iyad served as CEO of Majid Al Futtaim Trust, the family investment office and took over as Group CEO at Majid Al Futtaim Holding (MAF) in 2009 during the global financial crisis and he led the group through a decentralized business structure. Major strategic decisions included: taking full control of the Carrefour franchise business in the Middle East, while expanding the territory into Africa and Central Asia; buying out the cinema and credit card businesses; and leading the effort to get MAF’s bonds rated with an investment grade rating, leading to accessing the global debt markets. Under Iyad’s leadership, the MAF group increased EBITDA by 2.7x over four years.
Prior to Dubai, Iyad lived in the United States, Egypt and India. In Egypt, Iyad served as CEO of Fleming CIIC and then COO and Head of Asset Management at EFG Hermes, an Egyptian Investment Bank. With 16 years at the International Finance Corporation (IFC), his roles included Regional Director for South Asia, where he led initiatives for long-standing investments that were integral to the region’s development.
Iyad is fluent in Arabic, English and French and is a qualified Chartered Financial Analyst. Iyad holds an MBA from George Washington University, Washington DC and a BA from the American University of Beirut.
Rabih I. Khoury
Managing Partner & Chief Exit Officer, Middle East Venture Partners (MEVP)
Rabih is Managing Partner & Chief Exit Officer with Middle East Venture Partners (MEVP, www.mevp.com), one of the leading Technology VC asset managers in MENA. MEVP is an institutional asset manager regulated by both DFSA and ADGM. Rabih has extensive experience in venture capital, private equity and advisory, having executed more than US$5 billion in transactions and raised more than US$2 billion in capital.
Previously, Rabih was CEO of DIC Emerging Markets, in charge of the investment portfolio in MENA, Turkey, Asia and Latin America. DIC is the international investment arm of the Dubai–based conglomerate Dubai Holding.
In New York, Rabih was a founding member of the Media & Telecom Group with Banc of America Securities, focusing on M&A, where he led broad financial advisory and restructuring services for several major corporations. He also worked for Prudential Securities as an Equity Research Analyst covering the Oilfield Services & Equipment sector.
In San Francisco, Rabih was a Senior Engineering Manager with URS Corporation, the world’s largest engineering design firm, where he developed new service offerings for the Technology, Biotech and Energy sectors.
Rabih received his MBA from Columbia University and his MS in Structural Engineering from the University of California, Berkeley. He also received a Bachelor of Engineering with Distinction from the American University of Beirut.
Mike Frayne
CEO, Aviv Clinics Dubai
Mike is the CEO of Aviv Clinics Dubai, and a highly experienced strategic healthcare leader. He is passionate about enhancing people’s lives through healthcare, dedicating the past two decades to leading healthcare organizations in the UK, Saudi Arabia and Qatar. Prior to joining the Aviv team, Mike served as Chief Operating Officer of Saudi Medical Care Group, operating a network of hospitals and clinics across the Kingdom. He has held executive positions in public and private healthcare organizations across the GCC, where he specialized in the mobilization and management of operations. Mike holds an MSc in Leadership and Management from the University of Leicester.
Cyba Audi
Founder and CEO, Saba Consultants
Cyba Audi is Anchor of the business morning show “Al Sabah Maa Cyba.” She joined Asharq News Services in August 2020 as Senior Anchor and Editor-at-Large. Cyba is also the founder and CEO of “Saba Consultants” a leading firm in strategic communications, reputation building and investor relations, providing positioning strategies, visualizations and digital communications to government and corporates in the GCC.
Cyba began her career in 1995 in London, United Kingdom where she worked as a private banker with Groupe Banque Indosuez before joining Merrill Lynch in 1999 as a Financial Consultant for HNWIs.
Cyba is a versed moderator at international forums and conferences including the World Economic Forum, Global Humanitarian Forum and the Union for the Mediterranean. She
also provides executive coaching to high-ranking government officials and corporate leaders.
Dr. Yasar Jarrar
Author, Thought Leader and Member Board Of Trustees at Mohammed Bin Rashid School of Government (MBRSG)
Yasar is a strategy advisor focused on Emerging Markets, with experience in Public Sector Modernization, Technology for Development, and Education.
Yasar is a former Partner at Bain & Company (head of Public Sector practice in Middle East) and prior to that, a Partner at PwC, leading the Middle East Strategy Group and the PwC Global Education Practice. Before PwC, he served as Strategy Director at the Executive Office of His Highness Sheikh Mohammed Bin Rashid Al Maktoum in Dubai. He was also the founding Executive Dean of the Dubai School of Government, and a Fellow at the Kennedy School of Government in Harvard University. He also Co-Chaired of Global Agenda Council on the Future of Government (at the World Economic Forum 2012-2019).
In 2009, Yasar was nominated as Young Global Leader at the World Economic Forum (WEF), and in 2012 was the founding curator of the Dubai Global Shapers hub (WEF). Dr. Jarrar worked as a Research Fellow at Cranfield School of Management (UK) after obtaining a Ph.D. in Manufacturing and Engineering from Birmingham University (UK). He is a published author, and a speaker at global events.
Dr. Celeste Cecilia Moles Lo Turco
Director G&PS, PwC Middle East
Dr. Celeste Lo Turco is a Sovereign Wealth Funds (SWFs) and Sustainability Expert.
She is currently based in Dubai where she works as Director for PwC in the ESG & Sustainability field.
Dr Celeste Lo Turco started her career working for the SWFs Strategic Committee of the Italian Ministry of Foreign Affairs and the SWFs Law Centre. She became then the advisor for the Italian Municipalities National Association on the development of the national economy through the relationship with SWFs.
Former United Nations analyst with a specialization in Security and Middle-East Political Affairs, she worked within the United Nations Interregional Crime and Justice Research Institute (UNICRI).
The Middle East has been her house for more than ten years. She started in the United Arab Emirates working as Vice President Strategy for Future Holding, a Middle Eastern family office based in Dubai, moving then to the Kingdom of Saudi Arabia where she worked as a Director at NEOM. She is currently focusing on ESG and Sustainability practices as a Director for PwC based out of Dubai.
A Georgetown University Fulbright Visiting Researcher, she holds a PhD in Political Theory and
a master’s degree in International Relations, Markets and Institutions of the Global System.
She is an active writer about SWFs, sustainability, and global economics.
Iyad Malas
CEO, Al Ghurair Group
Iyad Malas is a seasoned executive with over 30 years of experience in various senior roles, spanning many countries and industries, including real estate, retail, leisure & entertainment, financial services, and investments.
Iyad Malas has been based in Dubai, UAE since 2007, and is currently Chief Executive Officer of Al Ghurair Group. Prior to this he was a Partner for 5 years in Gateway Partners, a private equity firm with offices in Singapore and Dubai. At Gateway Partners he worked on a number of deals, including an investment in Tim Horton’s Middle East and the setup of a real estate company in Africa. Iyad served as CEO of Majid Al Futtaim Trust, the family investment office and took over as Group CEO at Majid Al Futtaim Holding (MAF) in 2009 during the global financial crisis and he led the group through a decentralized business structure. Major strategic decisions included: taking full control of the Carrefour franchise business in the Middle East, while expanding the territory into Africa and Central Asia; buying out the cinema and credit card businesses; and leading the effort to get MAF’s bonds rated with an investment grade rating, leading to accessing the global debt markets. Under Iyad’s leadership, the MAF group increased EBITDA by 2.7x over four years.
Prior to Dubai, Iyad lived in the United States, Egypt and India. In Egypt, Iyad served as CEO of Fleming CIIC and then COO and Head of Asset Management at EFG Hermes, an Egyptian Investment Bank. With 16 years at the International Finance Corporation (IFC), his roles included Regional Director for South Asia, where he led initiatives for long-standing investments that were integral to the region’s development.
Iyad is fluent in Arabic, English and French and is a qualified Chartered Financial Analyst. Iyad holds an MBA from George Washington University, Washington DC and a BA from the American University of Beirut.
Rabih I. Khoury
Managing Partner & Chief Exit Officer, Middle East Venture Partners (MEVP)
Rabih is Managing Partner & Chief Exit Officer with Middle East Venture Partners (MEVP, www.mevp.com), one of the leading Technology VC asset managers in MENA. MEVP is an institutional asset manager regulated by both DFSA and ADGM. Rabih has extensive experience in venture capital, private equity and advisory, having executed more than US$5 billion in transactions and raised more than US$2 billion in capital.
Previously, Rabih was CEO of DIC Emerging Markets, in charge of the investment portfolio in MENA, Turkey, Asia and Latin America. DIC is the international investment arm of the Dubai–based conglomerate Dubai Holding.
In New York, Rabih was a founding member of the Media & Telecom Group with Banc of America Securities, focusing on M&A, where he led broad financial advisory and restructuring services for several major corporations. He also worked for Prudential Securities as an Equity Research Analyst covering the Oilfield Services & Equipment sector.
In San Francisco, Rabih was a Senior Engineering Manager with URS Corporation, the world’s largest engineering design firm, where he developed new service offerings for the Technology, Biotech and Energy sectors.
Rabih received his MBA from Columbia University and his MS in Structural Engineering from the University of California, Berkeley. He also received a Bachelor of Engineering with Distinction from the American University of Beirut.
Mike Frayne
CEO, Aviv Clinics Dubai
Mike is the CEO of Aviv Clinics Dubai, and a highly experienced strategic healthcare leader. He is passionate about enhancing people’s lives through healthcare, dedicating the past two decades to leading healthcare organizations in the UK, Saudi Arabia and Qatar. Prior to joining the Aviv team, Mike served as Chief Operating Officer of Saudi Medical Care Group, operating a network of hospitals and clinics across the Kingdom. He has held executive positions in public and private healthcare organizations across the GCC, where he specialized in the mobilization and management of operations. Mike holds an MSc in Leadership and Management from the University of Leicester.
Cyba Audi
Founder and CEO, Saba Consultants
Cyba Audi is Anchor of the business morning show “Al Sabah Maa Cyba.” She joined Asharq News Services in August 2020 as Senior Anchor and Editor-at-Large. Cyba is also the founder and CEO of “Saba Consultants” a leading firm in strategic communications, reputation building and investor relations, providing positioning strategies, visualizations and digital communications to government and corporates in the GCC.
Cyba began her career in 1995 in London, United Kingdom where she worked as a private banker with Groupe Banque Indosuez before joining Merrill Lynch in 1999 as a Financial Consultant for HNWIs.
Cyba is a versed moderator at international forums and conferences including the World Economic Forum, Global Humanitarian Forum and the Union for the Mediterranean. She
also provides executive coaching to high-ranking government officials and corporate leaders.
Dr. Yasar Jarrar
Author, Thought Leader and Member Board Of Trustees at Mohammed Bin Rashid School of Government (MBRSG)
Yasar is a strategy advisor focused on Emerging Markets, with experience in Public Sector Modernization, Technology for Development, and Education.
Yasar is a former Partner at Bain & Company (head of Public Sector practice in Middle East) and prior to that, a Partner at PwC, leading the Middle East Strategy Group and the PwC Global Education Practice. Before PwC, he served as Strategy Director at the Executive Office of His Highness Sheikh Mohammed Bin Rashid Al Maktoum in Dubai. He was also the founding Executive Dean of the Dubai School of Government, and a Fellow at the Kennedy School of Government in Harvard University. He also Co-Chaired of Global Agenda Council on the Future of Government (at the World Economic Forum 2012-2019).
In 2009, Yasar was nominated as Young Global Leader at the World Economic Forum (WEF), and in 2012 was the founding curator of the Dubai Global Shapers hub (WEF). Dr. Jarrar worked as a Research Fellow at Cranfield School of Management (UK) after obtaining a Ph.D. in Manufacturing and Engineering from Birmingham University (UK). He is a published author, and a speaker at global events.