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UAE-Based Israeli In Talks to Buy Israir While Al Habtoor Passes

Oct. 25, 2020, 4:09 PM

An Israeli businessman, who’s been operating in the United Arab Emirates’ commercial hub of Dubai for the past 14 years, is in talks to buy Israel’s Israir Airlines, hoping a new normalization pact between the countries will offer an opportunity for expanded operations.

NY Koen Group’s chief executive officer, Naum Koen, was born in Ukraine, became a naturalized Israeli citizen in 1994 and in 2006, using his Ukrainian passport set up shop in the emirate with a diamond-cutting and supply business. It’s since grown into a holding company involved in diamonds, private aviation, digital technologies, construction and security.

Naum Koen
Source: Naum Koen

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