Obaid Al Tayer is an Emirati businessman and politician. He is the Chairman of

Al Tayer Group Al Tayer Group () is a privately held holding company established in 1979. Currently the group has operations in 6 countries in the Middle East, including nearly 200 stores and 23 showrooms in multiple markets in the Middle East. The company is he ...

and served as cabinet member and Minister of State for Financial Affairs in the

United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

in the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

. He served in the cabinet until September 2019.

Early life and education

Al Tayer studied at the

University of Colorado The University of Colorado (CU) is a system of public universities in Colorado. It consists of four institutions: University of Colorado Boulder, University of Colorado Colorado Springs, University of Colorado Denver, and the University of Co ...

, USA, and has a BA of Science in Electrical Engineering.

Career

From 1981 to 1991 Al Tayer was a member of the

Etisalat Etisalat by e& is an Emirati-based multinational telecommunications services provider, currently operating in 16 countries across Asia, the Middle East and Africa. It is the 18th largest mobile network operator in the world by number of subscri ...

board of directors. Al Tayer was a Board Member of Dubai Chamber of Commerce and Industry from 1982 to 1991, a Member of Dubai Municipal Council from 1982 to 1990 and a Member of

Federal National Council The Federal National Council (FNC) ( ar, المجلس الوطني الإتحادي, ''al-Majlis al-Watani al-Ittihadi'') of the United Arab Emirates (UAE) is an advisory quasi-parliamentary body in the UAE. The FNC consists of 40 members. Twen ...

from 1981 to 1985. From 2000 to 2008 Al Tayer served as Chairman at the

Dubai Chamber of Commerce and Industry Established in 1965, the Dubai Chamber of Commerce & Industry ( ar, غرفة تجارة وصناعة دبي, Ghurfet tijar'a wa sina'aht Dubayy), or simply the Dubai Chamber ( ar, غرفة دبي, Ghurfet Dubayy), is a public non-profit organizat ...

. He also was a Member of the

Dubai Economic Council Dubai Economic Council ( ar, مجلس دبي الاقتصادي) is a think tank and policy-making advisory body specialising on the economy of Dubai. It is affiliated with the Government of Dubai. See also * Derasat Derasat, or the Bahrain Center ...

from 2004 to 2008. In February 2008 Al Tayer joined the Federal Government of the

. In November 2019 Al Tayer was appointed as Chairman of Etisalat (Emirates Telecommunication Group Company PJSC). He replaced Eissa Mohamed Ghanem Al Suwaidi. The third leadership team meeting of the government procurement platform in 2019 was chaired by Al Tayer. The platform was launched by

Sheik Mohammed bin Rashid Al Maktoum Sheik or Sheikh, literally "elder" in Arabic, is the honorific title for the ruler of a tribe. Sheik or The Sheik may also refer to: Arts and entertainment * ''The Sheik'' (novel) a 1919 novel by Edith Maude Hull * ''The Sheik'' (film), a 1921 ...

, the Vice President of the

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

. Al Tayer also chaired the Annual Meeting of the

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

(WBG) and

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

(IMF) in 2019. Al Tayer served as a cabinet member and Minister of State for Financial Affairs. He was replaced in the cabinet in September 2019.

Distinctions

In 2003 Al Tayer received the L'Ordre National Du Mérite by the President of the Republic of France. In 2007 he received the Ordine della Stella della Solidarieta Italiana by the President of the Republic of Italy. In 2012 he was awarded the “Finance Minister of the Year Middle East and North Africa for 2012” award by Emerging Markets Magazine.

References

{{DEFAULTSORT:Tayer, Obaid Al Emirati businesspeople Living people Year of birth missing (living people) Members of the Federal National Council Finance ministers of the United Arab Emirates Government ministers of the United Arab Emirates University of Colorado alumni