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From dishwasher to dealmaker: Haitham Mattar’s bold IHG expansion plan

Mattar oversees a vast region spanning the Middle East, Africa, and South Asia. IHG currently operates 220 hotels in this footprint, with 180 more in the pipeline

Gareth van Zyl
Gareth van Zyl

16 August, 2025

From dishwasher to dealmaker: Haitham Mattar’s bold IHG expansion plan
Haitham Mattar is the MD for IHG Hotels & Resorts Middle East, Africa and Southwest Asia. (Supplied)

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Haitham Mattar has seen the hospitality industry from every angle. He started as a dishwasher in Atlanta, rose through the ranks of global hotel giants, and today leads IHG Hotels & Resorts across the Middle East, Africa and Southwest Asia as its managing director. But beyond the impressive career journey, Mattar is on a mission to reshape regional tourism and inspire the next generation.

“I’ve been in hospitality for over 30 years,” he tells Gulf Business. “I actually stepped away for a while to head up tourism for Ras Al Khaimah, then advised Saudi Arabia, before coming back to IHG. I started right at the bottom, in the kitchen, scrubbing pots and pans, and I learned very quickly that no job is too small in hospitality. That’s why I wrote my book Pots and Pans and Five-Year Plans: it’s intended to inspire the younger generation to dream big.”

The book, published earlier this year, dives into resilience, navigating adversity, and building a fulfilling career, whether in hospitality or another industry. It charts Mattar’s story from his childhood in Lebanon during the civil war, to immigrating to the US at age five, and launching his career at the Courtyard by Marriott in Georgia.

“I started as a dishwasher,” he recalls. “I was 17 and just wanted a weekend job like my friends. I didn’t want to rely on my family for pocket money, so I took what I could get. But I was curious — how did the chef make breakfast? How could I master whatever role I had? That mindset stayed with me.”

From Marriott, Mattar eventually joined IHG, beginning with a role at the InterContinental Dubai on the Creek. “I started in rooms division, then became Director of Sales and Marketing. I stayed about five years before moving into a regional role covering the Middle East and Africa. I left in 2011 to join Hilton, spent five years in Ras Al Khaimah, two years in Saudi, and now I’m back. This is my fifth year again with IHG,” he says. “Seems like I run on five-year cycles.”

Doubling down on Saudi

Today, Mattar oversees a vast region spanning the Middle East, Africa, and South Asia. IHG currently operates 220 hotels in this footprint, with 180 more in the pipeline. The group is positioned to nearly double its regional presence in the next five years.

Saudi Arabia is the biggest growth driver. “We have 45 operating hotels in the Kingdom and another 49 in the pipeline. That’s over 100 per cent growth,” he says. “It’s also our 50th year in Saudi. We’ve had a presence there since 1975, and we continue to see momentum.”

In the UAE, IHG has 34 operational properties and 12 in development, representing 50 per cent growth. “Dubai remains attractive, particularly with ownership changes. New buyers often look to rebrand, and that gives us opportunities to bid,” says Mattar. “We’ve also signed Greenfield projects, including the world’s tallest hotel tower under our Vignette Collection brand.”

Despite a high volume of new supply, Dubai’s hotel occupancy rarely dips. “The city’s average occupancy has never dropped below 75 per cent. That’s a testament to the leadership’s strategy of aligning supply with demand,” he says.

Regional gaps and opportunities

Beyond the UAE and Saudi Arabia, Mattar sees mixed readiness across the rest of the GCC.

“Oman has huge potential — rich culture, great food, incredible nature. But they haven’t fully bounced back from COVID. Key markets like Germany and the UK haven’t returned in the same numbers,” he says. “There’s a new tourism minister and a solid strategy in place, so I’m optimistic.”

Kuwait, however, has not prioritised tourism yet. “There’s limited hotel development. We’re opening a new InterContinental soon and recently launched a Vignette Collection hotel on the beach, but it’s still mainly business travel.”

Bahrain sees modest volumes, primarily from weekend travellers coming from Saudi’s Eastern Province. As for Qatar, the post-World Cup environment has created new challenges.

“There’s a lot of supply in the market, but not yet a consistent 12-month events calendar to drive sustained demand,” Mattar explains. “Events tend to be last-minute, which causes spikes and dips in occupancy. We’d like to see more engagement between the tourism board and the private sector. There’s an opportunity for Qatar and the UAE to collaborate more on tourism. It’s just a short hop between the two.”

He also supports the upcoming unified GCC tourism visa. “It would be a game changer. Like the Schengen visa in Europe, a regional visa would allow travellers to explore multiple countries in one trip. Fly into Dubai, visit Doha, drive to Muscat — it’s all possible.”

The conscious traveller

Across all markets, Mattar is seeing a growing demand for sustainable travel. “Today’s traveller wants to stay in hotels that practise what they preach on sustainability. They want to be part of the journey,” he says.

IHG’s Journey to Tomorrow is a 10-year global sustainability plan, and the group has embraced it across the region. “Over 85 per cent of our hotels in this region have adopted practices like water conservation, LED lighting, and energy-efficient room management systems,” says Mattar.

One example is in-house water bottling to eliminate plastic waste. Another is IHG’s Green Engage programme, which provides hotel managers with more than 200 actions to reduce carbon footprint and energy usage. “Many of our properties now have intelligent in-room systems that regulate air conditioning, lighting, and energy consumption based on guest behaviour,” he explains.

“Guests notice the details. They ask questions. They expect no single-use plastics. They want towels reused, not washed daily. Sustainability is now part of the decision-making process.”

One of IHG’s latest developments is the debut of its first Kimpton in the UAE with a new signing in Dubai’s Business Bay.

Market insights

When it comes to the UAE’s top source markets, India leads year-round, followed by the UK, Germany, Russia, Ukraine, and the US. “The US is especially strong for conferences,” Mattar says.

In Saudi Arabia, the guest mix is highly diverse. “The holy cities attract Muslims from all over the world — China, the US, the UK. But we’re also seeing more interest from American and European travellers who are curious about Saudi’s transformation.”

India continues to be a key market for Saudi Arabia as well. “We’re seeing more visiting friends and relatives traffic. That helps the wider ecosystem because people spend on malls, restaurants, and entertainment — not just hotel rooms.”

Looking ahead

With rising tourism targets in both Saudi Arabia and the UAE, Mattar believes collaboration is essential.

“Whether it’s sustainable travel, regional integration, or just offering great experiences, we all have a role to play,” he says. “Our job is to help people dream big — whether they’re checking in as a guest or starting out in their career like I did.”

Haitham Mattar (left), managing director for IHG Hotels & Resorts in India, Middle East & Africa, and Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, following the signing of an MoU in December 2024 to strengthen collaboration between Dubai Economy and Tourism and IHG.

RAK Properties H1 net profit jumps 80% on higher sales, Mina project growth

RAK Properties’ share price has gained 26.3 per cent year-to-date, ending the first half at Dhs1.44, giving it a market capitalisation of Dhs4.32bn

Gulf Business
Gulf Business

15 August, 2025

RAK Properties H1 net profit jumps 80% on higher sales, Mina project growth
Image: Supplied

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RAK Properties reported an 80 per cent rise in its H1 net profit, driven by higher sales and continued development at its Mina flagship development.

The UAE-based developer posted net profit of Dhs160.6m ($43.7m) for the six months to June 30, up from Dhs89.06m a year earlier.

Revenue for the period was Dhs774.79m.

RAK Properties H1: Key highlights

Sales value more than doubled to Dhs1.41bn from Dhs703m last year, supported by a 59 per cent increase in the number of units sold to 788.

The company’s development backlog rose 42 per cent to Dhs2.62bn.

Operating profit increased 47 per cent to Dhs204.15m, while EBITDA grew 42 per cent to Dhs239.25m.

Total assets rose 3.5 per cent to Dhs8.29bn, and capital and reserves increased 3 per cent to Dhs5.70bn.

RAK Properties’ share price has gained 26.3 per cent year-to-date, ending the first half at Dhs1.44, giving it a market capitalisation of Dhs4.32bn.

Chairman Abdulaziz Abdullah Al Zaabi said the results reflected the company’s growth and the appeal of Ras Al Khaimah as a property investment destination.

“The emirate’s diversified economy, investor-friendly regulations, and growing population reflect an increasing demand for a new kind of modern, urban-beachfront community with Mina as its vibrant heart,” Al Zaabi said in a statement.

Chief executive Sameh Muhtadi said the company’s performance was supported by new residential launches, hotel announcements, and international interest in Ras Al Khaimah.

Read: Giorgio Armani, RAK Properties to launch branded beach villas

Cloud seeding in focus as UAE readies for cooler weather

The programme generates 168–838 million cubic metres of additional rainfall annually, with 84–419 million cubic metres of usable water

Gareth van Zyl
Gareth van Zyl

15 August, 2025

Cloud seeding in focus as UAE readies for cooler weather
Captain William Murgatroyd checks in for instructions from tower control during a cloud-seeding mission from Al Ain International Airport. (Getty Images)

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Preparations for cloud seeding during the winter season in the UAE are coming into sharp focus, as the country continues to strengthen its state-of-the-art meteorological capabilities.

Earlier this month, H.H. Sheikh Mansour bin Zayed Al Nahyan, vice president, deputy prime minister, and chairman of the Presidential Court, visited the National Centre of Meteorology (NCM) headquarters in Abu Dhabi.

He was briefed on the centre’s advanced infrastructure, including weather forecasting units, cloud seeding systems, marine monitoring operations, and renewable energy forecasting sections (WAM).

READ MORE – PHOTOS: Flying with UAE cloud seeding pilots

The NCM’s work is underpinned by one of the region’s most advanced supercomputers, which enables high-precision numerical weather prediction and improves early warning capabilities. Sheikh Mansour also reviewed the “Early Warning for All” platform, which provides real-time alerts to UAE citizens abroad during extreme weather events, and the NCM’s Science Dome, designed to raise public climate awareness.

Alongside these capabilities, the NCM runs one of the world’s most active rain enhancement programmes. The UAE has carried out 185 cloud seeding missions so far in 2025, including 39 in July alone, according to NCM data.

Using hygroscopic flares, nanomaterials, and electric-charge emitters, these flights aim to increase rainfall by 10 to 25 per cent under favourable conditions.

Sheikh Mansour bin Zayed Al Nahyan, vice president, deputy prime minister, and chairman of the Presidential Court, conducted an inspection visit to the HQ of the National Centre of Meteorology (NCM). (Credit: WAM)
Sheikh Mansour bin Zayed Al Nahyan, vice president, deputy prime minister, and chairman of the Presidential Court, conducted an inspection visit to the HQ of the National Centre of Meteorology (NCM). (Credit: WAM)

Research in npj Climate and Atmospheric Science estimates the programme generates 168–838 million cubic metres of additional rainfall annually, with 84–419 million cubic metres of usable water. A separate evaluation on ResearchGate found an average 23 per cent increase in annual surface rainfall over seeded areas compared to the pre-seeding era. The UAE spends about Dhs29,000 per flight hour, with more than 900 hours of missions conducted each year.

Different studies have been carried out on cloud seeding across the globe.

“Rainfall enhancement has historically been overlooked as a key component of sustainability and climate change adaptation strategies,” the authors of the npj report note.

Each mission can last up to three hours, with pilots circling the base of cumulus clouds and releasing salt particles from flares when updrafts are detected. The fleet comprises four dedicated aircraft and 12 specially trained pilots. The NCM says the materials used are harmless, relying on natural salts such as potassium chloride and sodium chloride.

The UAE now has more than 60 networked weather stations, an integrated radar network, and the Emirates Weather Enhancement Factory — the region’s first facility for producing high-quality flares. The government has also invested $20m in cloud seeding research and development, according to a recent CNBC report.

Cloud seeding in coming days?

The NCM forecasts partly cloudy to cloudy skies in the eastern and southern regions this weekend, with a chance of light rain despite daytime highs reaching 46°C in some areas.

The outlook follows recent moderate to heavy rainfall, dust storms, and cooler temperatures in parts of Abu Dhabi and Dubai.

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With the UAE’s annual rainfall averaging just 6.7 billion cubic metres, officials say the cloud seeding programme remains a vital part of the nation’s water security strategy.

Pictured below are images from a cloud seeding mission that took place in January 2024.

Rain falls in the distance during Captain William Murgatroyd's cloud-seeding mission on January 31, 2024 in Al Ain, United Arab Emirates. (Photo by Andrea DiCenzo/Getty Images)
Rain falls in the distance during Captain William Murgatroyd’s cloud-seeding mission on January 31, 2024 in Al Ain, United Arab Emirates. (Photo by Andrea DiCenzo/Getty Images)
Hygroscopic (water-attracting) salt flares released below a cloud during a routine cloud-seeding mission on January 31, 2024 in Al Ain, United Arab Emirates.(Photo by Andrea DiCenzo/Getty Images)
Hygroscopic (water-attracting) salt flares released below a cloud during a routine cloud-seeding mission on January 31, 2024 in Al Ain, United Arab Emirates.(Photo by Andrea DiCenzo/Getty Images)

EFG Holding posts strong Q2 2025 growth driven by diversified performance

Total operating expenses, including provisions and expected credit losses (ECL), rose 22 per cent YoY

Gulf Business
Gulf Business

15 August, 2025

EFG Holding posts strong Q2 2025 growth driven by diversified performance
Karim Awad, group CEO, EFG Holding/Image: Supplied

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EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), reported a 21 per cent year-on-year (YoY) revenue increase in Q2 2025 to EGP6.1bn, supported by strong results across all business lines—particularly EFG Finance, its non-bank financial institutions (NBFI) platform, and Bank NXT, its commercial bank.

Total operating expenses, including provisions and expected credit losses (ECL), rose 22 per cent YoY to EGP4.1bn, driven by higher provisions—mainly in EFG Finance—and increased general and administrative (G&A) costs, while employee expenses remained flat. With revenue growth outpacing expense growth, net operating profit rose 19 per cent YoY and net profit before tax increased 21 per cent YoY. Net profit after tax and minority interest grew 2 per cent YoY to EGP802m.

Group CEO Karim Awad said: “Our second quarter results demonstrate the continued resilience and strength with which EFG Holding operates, supported by its diversified platform and strong geographic footprint. EFG Holding’s first half of 2025 has been defined by meaningful milestones and strong momentum. Foremost among these is Valu’s listing on the Egyptian Exchange (EGX) in June, complemented by Amazon’s decision to exercise its Option Agreement with EFG Holding to acquire a direct stake in Valu. The period’s financial results highlight the standout performance of EFG Finance, driven by Valu and Bank NXT. Our Asset Management platform continues to expand, with assets under management growing, while the Investment Banking division closed transactions totaling more than $1bn in the quarter.”

Business line performance

  • EFG Hermes posted flat revenues at EGP2.7bn, with a 131 per cent YoY increase in combined Holding & Treasury Activities, Brokerage, and Buy Side revenues. Holding & Treasury Activities rebounded to EGP397m from a loss of EGP503m in Q2 2024. Brokerage revenues rose 25 per cent YoY, led by Egypt, Kuwait, and UAE markets. Net profit after tax and minority interest fell 11% YoY to EGP268m, due to lower profitability in the Investment Banking division.

  • EFG Finance revenues surged 66 per cent YoY to EGP1.8bn, driven by broad-based growth. Valu led with a 71 per cent YoY revenue increase, fueled by securitisation gains, higher fees, and a 60% rise in loan issuances to EG4.7bn. Tanmeyah and Corp-Solutions also saw growth, with Leasing’s portfolio doubling to EGP17.7bn. Operating expenses jumped 82 per cent YoY to EGP1.2bn due to inflation-driven costs, higher provisions, increased staff costs, and one-time listing expenses. Net profit after tax and minority interest fell 15 per cent YoY to EGP230m, due to higher minority interest after Valu’s share distribution and reduced ownership from 95 per cent to 67 per cent.

  • Bank NXT delivered 30 per cent YoY revenue growth to EGP1.6bn, led by higher net interest income and interest-earning assets. Operating expenses rose 23 per cent YoY to EGP694m, offset by a 27 per cent decline in provisions and ECL. Net profit after tax and minority interest jumped 39 per cent YoY to EGP304m.

Awad concluded: “Amid ongoing geopolitical volatility and persistent macroeconomic headwinds, market dynamics across the MENA region remained varied, both in terms of liquidity and overall performance. Nonetheless, the Brokerage business delivered notable growth in total executions, driven primarily by robust activity in Kuwait and the UAE. Bank NXT continued to broaden its portfolio, diligently cultivating a strong base that will underpin future growth and generate lasting value. Anchored by a solid foundation, the firm is well-positioned to adeptly navigate changing market conditions and confidently capitalise on emerging opportunities for the benefit of clients and shareholders alike.”

Executive reshuffle to strengthen UAE-based Emrill’s service delivery

In his new role, Thomas Friswell will lead key divisions, including Emrill Interiors and Heights

Rajiv Pillai
Rajiv Pillai

15 August, 2025

Executive reshuffle to strengthen UAE-based Emrill’s service delivery
Thomas Friswell/Image: Supplied

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UAE-based integrated facilities management provider, Emrill, has promoted Thomas Friswell to support services director, appointing him to the company’s executive leadership team.

In his new role, Friswell will lead key divisions, including Emrill Interiors and Heights, and oversee transport, accommodation, continuous improvement, business development, and the company’s Centre of Excellence. He will focus on strengthening integration across departments to advance Emrill’s strategic and operational goals.

Since joining the company three years ago, Friswell has shown adaptability and a strong results-driven approach. As associate director, he took on additional responsibilities, contributing to operational growth and enhanced service delivery. His operational background and close collaboration with on-site teams have enabled him to drive efficiencies, maintain service quality, and foster innovation across support functions.

Emrill CEO, Stuart Harrison, said: “Thomas has consistently gone above and beyond, taking on challenges with agility and always delivering results. His promotion reflects his significant contributions and the trust we place in his ability to further enhance Emrill’s operations. We are confident that under Thomas’ leadership, our support services will continue to evolve, enabling greater service excellence and operational alignment.”

Friswell said: “I’m incredibly proud to be appointed support services director and to join Emrill’s executive leadership team. Emrill has created a culture where people are empowered to grow, and I’ve been fortunate to benefit from this environment of opportunity, guidance and development. I’m looking forward to driving continued improvement across the business and delivering solutions that support our operations and clients.”

Read: Union Properties’ ServeU acquires House Keeping in Dhs100m deal

He plans to integrate AI-powered tools and digital solutions to streamline operations, enhance employee engagement, and expand emerging business divisions, while fostering innovation-led service improvements.

“Support services play a vital role in enabling success across all parts of the organisation,” Friswell added. “In this role, I look forward to working collaboratively across departments to strengthen our service delivery, elevate performance and contribute to Emrill’s continued growth.”

Friswell is a Fellow of the Chartered Management Institute (FCMI) and a Member of the Institute of Workplace and Facilities Management (MIWFM). He holds a Level 7 Diploma in Strategic Management and Leadership.

Zand, Mastercard partner to boost cross-border payment solutions

The partnership will enable Zand to offer seamless, secure and efficient cross-border money transfers to its customers

Neesha Salian
Neesha Salian

15 August, 2025

Zand, Mastercard partner to boost cross-border payment solutions
Image: Supplied

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UAE-based AI-powered fintech and financial services group Zand has signed a strategic agreement with Mastercard to enhance cross-border payment solutions using Mastercard Move’s money movement technology.

The partnership will enable Zand to offer seamless, secure and efficient cross-border money transfers to its customers.

In the first phase, Zand will provide deposits into bank accounts and wallets in multiple markets, along with cash pick-up services through Mastercard Move’s capabilities.

The collaboration is aimed at advancing the digital economy, driving innovation and expanding financial inclusion in the region’s financial services sector.

Zand-Mastercard collab to build financial inclusion

“At Mastercard, we are committed to driving innovation across the region’s payments landscape,” said J K Khalil, EVP and division president, East Arabia, Mastercard. “Our collaboration with Zand will connect more people and businesses to the financial system, helping drive greater financial inclusion and economic opportunity in the UAE and across the region.”

Michael Chan, CEO at Zand, said the partnership marked a “significant milestone” in the company’s mission to accelerate the digital economy. “The payments ecosystem is rapidly growing and evolving in the region and offers compelling potential to accelerate the applications of AI, blockchain and payments technology,” he said.

Mastercard Move offers fast, secure and efficient fund transfers for a range of payment flows including person-to-person, business payments and disbursements.

Payout options include cards, bank accounts, mobile wallets and cash, with cash payouts available through Mastercard’s global network of pickup locations to serve unbanked and underbanked populations.

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