Alfred Pisani, Founder and Chairman of Corinthia Hotels, collected the prize at a gala dinner attended by many of the region's business leaders, with awards being granted across a wide spectrum of business sectors. The Arabian Business Awards are hosted by the ITP Publishing House and this year’s guest of honor was Princess Ameerah, Vice Chairman of the Al Waleed Bin Talal Foundation.

Corinthia Hotels is a collection of distinctive hotels, starting as a family business and since growing through the acquisition, development, and management of landmark hotels in cities as diverse as St. Petersburg, Budapest, Malta, Tripoli, Prague, Lisbon, Khartoum, and soon, London.

The Corinthia Hotel London is under development in a Victorian-era grand hotel, which has been entirely rebuilt to feature 295 luxury bedrooms and suites, signature bars and restaurants, 12 ambassadorial residences, and a stand-alone luxury spa operated as the global flagship of ESPA, world leaders in the spa industry. The hotel will open for guests in spring 2011.

The ITP-hosted Arabian Business Awards have been presented for 11 years and are the most prestigious in the business calendar. They celebrate the best achievers in Arab business, both at corporate and at individual levels. This year’s awards spanned 17 categories, including technology, media, and retail. The editorial team decides on three nominations per category, and the winners are then chosen by a special judging panel.