Key awards included Businessman of the Year, awarded to Khalaf Al Habtoor and Company of the Year, awarded to Dubai's largest construction company, Arabtec. The Businesswoman of the Year Award went to Shamsa Ali Rashid, recognising the $272 million fund for women in business launched by Forsa.
"The judges have invested a huge amount of time and energy into making the difficult choices from the many nominations, and we believe that their deliberations have resulted in a truly representative list of the finest talent in our region today," said ITP CEO Walid Akawi. "These are the people creating the remarkable transformation taking place in our region today and it is only right and proper that their achievements be recognised in the Arabian Business Achievement Awards."
The judging panel included Joseph Ghossoub, Anzas Kouzbari, Ahmad Julphar, Tawid Abdullah, Wadad El Suwayeh, His Excellency Mubarak bin Fahad, Walid Akawi and Karam Awad. Together the judges selected winners from a shortlist of nominations covering 15 award categories and two special awards: the Judges Award and the Editor's Choice award. The Judges Award was made to Dubai Cares, a special request from the Judging Panel to recognise the enormous impact of the charity drive.
The Editor's Choice Award, selected by the editors of Arabian Business Magazine, was made to Hydra Properties, recognising the company's impact on the region's business and media environments.
The Awards were made in the presence of His Excellency Sultan bin Saeed Al Mansoori.
"The Arabian Businesss Achievement Awards are all about success and recognising successs," said Akawi. "Our region is now being widely recognised as fast-growing, dynamic and capable of world-class entrepreneurialism and business innovation. These awards show our region's diversity and will to succeed has never been so vibrant."
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Arabian Business Awards recognise business excellence
- United Arab Emirates: Monday, December 17 - 2007 at 13:58
- PRESS RELEASE
The Arabian Business Achievement Awards 2007 has concluded with awards presented to a number of Middle East innovators, entrepeneurs and business leaders at a gala awards ceremony held in Abu Dhabi.
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Winners of Arabian Business Awards 2007:Category: Bank of the Year.
Winner
Bank Audi
Bank Audi manages $17.5bn of business in Europe, the Middle East and Lebanon. In the past year, it has seen rapid overseas expansion.
Category: Entrepreneur of the Year.
Winner
Engineer Sami Suheil Al Mufleh
The winner is a man who has managed to dominate the outdoor advertising market, by selling some of the largest outdoor signs in the world. He has also signed a major deal in Jordan to take over the outdoor advertising rights to an entire city.
Category: Fastest Growing Company of the Year.
Winner
Tanmiyat
Tanmiyat has in the past year hugely increased its share of state of the art projects across the Middle East. Its objective is to become the leading real estate firm in Saudi Arabia, and it is well on the way to achieving that.
Category: Innovative Company of the Year
Winner
MBC Group
MBC Group is a broadcaster that has taken programming to new levels this year. MBC Group added MBC Action and MBC Kids to its already strong line up of channels.
Category: International Financial Institution of the Year
Winner
Deutsche Bank
Deutsche Bank this year launched a Shari'ia compliant mutual fund specifically to meet the needs of Islamic investors. The fund has been a huge success, and is being expanded throughout the region.
Category: Investment Bank of the Year
Winner
Investment Dar
In the past year Investment Dar has become a major player on the international stage. In 2007, it took amongst many deals a stake in the car make Aston Martin.
Category: Property Company of the Year.
Winner
Emaar
It has been another great year for Emaar in terms of profits and revenues, and completing several projects. Most memorably of course, Emaar's Burj Dubai officially became the world's tallest building in 2007.
Category: Small Business of the Year.
Winner
Organic Foods and Café
The company is the only chemical, pesticide and fertilizer free food maker in the UAE, with over 5000 organic items now available in its UAE stores.
Category: Social Responsibility of the Year.
Winner
Abdul Aziz Al Babtain
Category: Technology Company of the Year.
Winner
Samsung
Samsung has witnessed has witnessed phenomenal growth in the past few years. It had over 20 new product launches in 2007, including the region's first dual SIM card mobile phone.
Category: Telecom Company of the Year.
Winner
Etisalat
In 2007, many experts predicted that the arrival of a second telecom operator in the UAE would cause problems for Etisalat. In fact, it has had one of its strongest years ever, and has seen major overseas expansion.
Category: Special Jury Award
Winner
Dubai Cares
Category: Editors Choice Award
Winner
Hydra Properties.
part from its strong overseas expansion, the company has also received international recognition for its own reality TV show the Hydra Executives.
Category: Businesswoman of the Year.
Winner
Shamsa Ali Rashid
Earlier this year, a $272m fund was launched by Forsa for female investors and entrepreneurs. Apart from being unique, it has already proved a great success.
Category: Businessman of the Year.
Winner
Khalaf Al Habtoor
The winner not only has an impressive property portfolio, but his company's motoring division is now the exclusive UAE agent for Bentley and Aston Martin. 2007 has been the latest of many great years for him.
Category: Company of the Year.
Winner
Arabtec
Arabtec has had an outstanding financial year. It is now Dubai's largest construction company by value, with third quarter profits rising by an incredible 300%.
About the ITP Group
The ITP Group publishes more magazines serving the Middle East's business and consumer markets than any other company.
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, December 17 - 2007 at 13:58 UAE local time (GMT+4)
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