Kersi Master, CEO, Midal Cables
Bahrain has evolved as the world's top aluminum producer in recent decades, with phenomenal progress in the production of both aluminum ingot and downstream products. Spearheading this expansion is Alba, the world's largest single site smelter outside China. The smelter has created several aluminum downstream manufacturers, the most prominent of which is Midal Cables. Midal Cables is a fore runner in the aluminum rod, wire and overhead conductor manufacturing business, and with the contribution of Kersi Master (CEO, Midal Cables), the company developed its operations on a global scale Kersi spoke exclusively to CEO Insights about his professional experience and the transformation he led at Midal Cables.
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Top 10 CEOs in Bahrain - 2021
Bahrain has an economic freedom score of 69.9, making its economy the 40th freest in the 2021 Index. Currency of Bahrain the Bahraini Dinar, is the second highest valued currency unit in the world. The country heavily invested in banking and tourism sectors till late 20 twentieth century, and has a very successful finance industry. However, its economy is mostly dependent on oil & gas. Bahraini economy is the most diversified economy amongst all regional Gulf Countries. The country has 406 financial institutions contributing to 16.7 percent of total GDP, manufacturing industries contribute to 14.5 percent, transport & communications contribute to 6.8 percent construction works contribute to 6.6 percent, real estate contributes to 4.1 percent and hotels & restaurants contribute to 2.4 percent of total GDP. Other service industries contribute to 18.7 percent, and the contribution of oil sector is 20.8 percent of the total GDP.
Bahrain doesn't impose any tax on personal income, and most of the companies are not subjected to corporate tax, but 46 percent tax is levied on oil companies. The country permits 100percent foreign ownership of business or branch office. There are numerous foreign businesses that have done well in Bahrain and are dominant in major sectors such as oil & gas, engineering, and information & communications technology (ICT). The country was ranked as 23rd most favorable destination for expatriates worldwide in 2020.
In this issue of CEO Insights, we bring you a list of 'Top 10 CEOs in Bahrain - 2021' who have achieved exceptional success in their business through effective business strategies and industry skills thus inturn contributing to the economic development of the country. The list has been crafted by a team of CEOs, VCs and the CEO Insights editorial board thus delivering inspiring stories of their journey and the contributions & roles played by them in the creation and empowerment of a powerful nation.
|Company Logo||Company Management||Company Name||Company Description|
|Badria Sharif,CEO||VIA Advertising||With vast experience in diverse aspect of PR, she has over two decades of in-dept industry experience|
|Alain Arida,CEO||Gulf Markets International||As a leader, he recognizes the complexities of business development and feels that his major responsibility is to connect the world's best brands and technologies to local markets|
|Dr. Essa Faqeeh,CEO||Al Areen Investment||Working closely with Arab Tourism Organization (ATO) to implement a regional upgrade in the hotel classification system and assigned as advisor to the president|
|Ebrahim Nonoo, Managing Director & CEO||BFC Group Holdings||Has 20 years experience in Remittance and Foreign Exchange markets, with expertise in building business relationships with international banks and financial institutions including, world wide financial regulatory bodies|
|Kersi Master ,CEO||Midal Cables||As the market leader, he continues to invest in human resources and innovative technology in order to provide top quality products at competitive prices|
|Khalifa AL-Khalifa, CEO||Bahrain Bourse||He has been associated with Bahrain Bourse for over a decade now, prior to which he worked as a Business Analyst at Riyada Consulting and even co-founded a company named Rawabi Bahrain|
|Mahmood Al Nasheet,CEO||Daily Public Relations||A specialist in Media & PR, he is a Founder member of Arab Tourism Media Center in Egypt and a PR Consultant & Publisher of Medical, Tourism & Study magazines in Bahrain|
|Mannil Mathew,CEO||Almoayyed Contracting Group||He has been associated with Almoayyed for over four years now, and has profound knowledge of the real estate and construction industry|
|Samer Soliman,CEO||Arab Financial Services||A thought leader with over 20 years of international experience across the banking and payments sector|
|Zaeem Gama,Divisional CEO||Kanoo Travel||Holding two decades of experience, he has strong managerial background with senior level local & international experience and cross sector exposure|