DUBAI: The Emirates National Oil Company (ENOC) said it was investing about 250 million dirhams ($68.06 million) of its 2021 expenditure in improving its digital infrastructure.
The move will optimize the oil giant’s operations, it said in a statement, as it attempts to shift gears to a more customer-centric approach.
“While increasing our market share remains a priority, we are focused on strengthening our business to ensure that we have the capabilities to face any future challenges,” ENOC Chief Saif Humaid Al-Falasi said.
The COVID-19 pandemic has accelerated digitization efforts across the globe, especially in crucial industries to ensure continuity of operations despite the crisis-induced restrictions.
Digitization is crucial for ENOC’s in the next 15 to 20 years, Al-Falasi said, adding the company will dedicate resources to make its employees understand the importance of the move.
ENOC to spend $68.1m in digital transformation push
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ENOC to spend $68.1m in digital transformation push
- The move will optimize the oil giant’s operations, it said in a statement
DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
