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The strike comes after the company's biggest union in South Korea held a four-day strike in August demanding higher wages and bonuses
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Al Muhairi to replace Makkawi as the new CEO of Dubai Bank
DUBAI — Ziad Makkawi, CEO of Dubai Bank, announced his departure to pursue a personal career in the regional investment banking and asset management arenas.
The Chairman Mohammed Al Shaibani and the Board of Dubai Bank praised Makkawi for the invaluable contribution he has made to the bank.
Abdulaziz Al Muhairi, one of Dubai Bank's new board members, will take over from Ziad Makkawi as the Bank's new Chief Executive Officer.
Ziad Makkawi who steps down at the end of the month, joined the bank in February 2004 and strengthened the foundations of the organisation with an impressive list of initiatives. In addition to overseeing the continued growth of the bank into its initial retail and corporate banking activities, he structured and implemented the new Merchant Banking business, which has become a key contributor to the bank's revenues and profitability.
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