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Dubai News Today | أخبار دبي اليوم
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    The holy city of Mecca was flooded by heavy rains

    The holy city of Mecca was flooded by heavy rains

    Saudi has a strong message to Pakistan not to send beggars in the guise of pilgrims

    Saudi has a strong message to Pakistan not to send beggars in the guise of pilgrims

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    Dubai Police Fully Sponsors 60 Employees and Retirees for Umrah

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    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

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    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

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    SwissGold GCC launches premium gold bars offering up to 20% return potential amid gold boom

    Invest Group Overseas Development Signs a Master Agency Agreement with Fäm Properties to Market 3 Luxury Projects in Meydan and Al Furjan areas

    Invest Group Overseas Development Signs a Master Agency Agreement with Fäm Properties to Market 3 Luxury Projects in Meydan and Al Furjan areas

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    Iran attacks 10 sites in Israel, 11 injured

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    Nisus Finance Invests Dh183 Million in Dubai Real Estate; Eyes Dh669 Million More Amid Stellar FY25 Growth

    Nisus Finance Invests Dh183 Million in Dubai Real Estate; Eyes Dh669 Million More Amid Stellar FY25 Growth

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    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

    SwissGold GCC launches premium gold bars offering up to 20% return potential amid gold boom

    SwissGold GCC launches premium gold bars offering up to 20% return potential amid gold boom

    Invest Group Overseas Development Signs a Master Agency Agreement with Fäm Properties to Market 3 Luxury Projects in Meydan and Al Furjan areas

    Invest Group Overseas Development Signs a Master Agency Agreement with Fäm Properties to Market 3 Luxury Projects in Meydan and Al Furjan areas

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    Nisus Finance Invests Dh183 Million in Dubai Real Estate; Eyes Dh669 Million More Amid Stellar FY25 Growth

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    Iran attacks 10 sites in Israel, 11 injured

    Netanyahu disappointed by Trump’s ‘slowness’!

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    Dubai student Rahul Nambiar to expand his award-winning EdTech Startup, Jochi, to Dubai and beyond

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    Arabia CSR Network Announces The Launch of the 18th Cycle of the“Arabia CSR & Sustainability Awards”

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    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

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    SwissGold GCC launches premium gold bars offering up to 20% return potential amid gold boom

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    Invest Group Overseas Development Signs a Master Agency Agreement with Fäm Properties to Market 3 Luxury Projects in Meydan and Al Furjan areas

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    Nisus Finance Invests Dh183 Million in Dubai Real Estate; Eyes Dh669 Million More Amid Stellar FY25 Growth

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    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

    Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands

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    SwissGold GCC launches premium gold bars offering up to 20% return potential amid gold boom

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    Invest Group Overseas Development Signs a Master Agency Agreement with Fäm Properties to Market 3 Luxury Projects in Meydan and Al Furjan areas

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    Nisus Finance Invests Dh183 Million in Dubai Real Estate; Eyes Dh669 Million More Amid Stellar FY25 Growth

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    Iran attacks 10 sites in Israel, 11 injured

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    Israeli attack on Iran could have dire consequences: Qatar

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Colm McLoughlin, Dubai Duty Free chief is an inspiration to the community

Fatima Noor Mohammad, Dubai News Today by Fatima Noor Mohammad, Dubai News Today
Thursday, May 9, 2024 8:22PM
Reading Time: 3 mins read
A A

Dubai Duty Free has won 780 awards so far, and this kept the spirit and enthusiasm of everybody going, he said

The chief executive of Dubai Duty Free, Colm McLoughlin, 80, has announced that he will be stepping down from the post on May 31.

Mr McLoughlin, who is also executive vice chairman, is leaving after 41 years at the helm of the company.

He was instrumental in DDF’s rise to become the single-largest duty free operation in the world.

He will maintain an advisory role and attend sponsored sporting events, in addition to remaining as chairman of the DDF foundation.

Ramesh Cidambi, the chief operating officer, will become managing director from June 1.

He will report directly to Sheikh Ahmed bin Saeed, president of Dubai Civil Aviation Authority and chairman of DDF.

Salah Tahlak, the current joint COO, will become deputy managing director.

“Longevity is a key factor in the success of Dubai Duty Free … I am confident that Dubai Duty Free will continue to grow and I see a very bright future for the operation,” Mr McLoughlin said.

Under his leadership, DDF’s business grew from $20 million in 1984 to $2.16 billion last year.

He was a member of the original consultancy team from Aer Rianta, the Irish Airport Authority, which was contracted by the Dubai Government to launch the new duty free operation in 1983.

In 2023, sales jumped by about a quarter, to hit a record high of nearly Dh7.9 billion ($2.16 billion), reaching DDF’s target for the year, underpinned by continued growth in passenger traffic and booming activity in December.

The company reported more than 20 million sales transactions throughout last year, which is an average of almost 55,000 transactions daily, with about 55.2 million units of merchandise sold.

The retailer said sales in December – when it marked its 40th anniversary – rose about 8.4 per cent year-on-year to a monthly record of Dh807.6 million, aided by a special sale on December 20 that generated Dh54.1 million in just 24 hours.

Mr Cidambi, who joined the company in 1987, became head of the information technology division before taking on other senior positions across logistics, retail development and leisure divisions.

He became COO in 2016 and has been responsible for all aspects of the company’s operation, overseeing major retail projects at Dubai International Airport and Al Maktoum International Airport.

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Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands
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Editorial

Story of a Dictator – Sheikh Hasina
Politics

Story of a Dictator – Sheikh Hasina

by M. Shaiful Islam, Dubai News Today
July 24, 2024
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A typical story of how dictators run their country and how their downfall happens. It may sound familiar, but this...

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Amirah Developments breaks ground for the construction of its maiden project Bonds Avenue Residences at Dubai Islands
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