Middle East

UAE energy minister set to lead IPIC as managing director

UAE news

The energy minister of the UAE (United Arab Emrirates) has been appointed managing director of the IPIC (International Petroleum Investment Company).

The move follows a reshuffle of the board.

Suhail Mohammed al-Mazrouei will take up the position, replacing Khadem al-Qubaisi.

Earlier this week Qubaisi, who had been serving as chairman of Arabtec Holding, was excluded from the company’s board nominations.

Sheikh Mansour bin Zayed al-Nahyan remains chairman of IPIC.

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