CATEGORIES
WATCHING OUT FOR THE WEALTHY
Faisal Al-Hamad, CEO of Kuwait-based NBK Wealth, has been leading the NBK Group's client-centric businesses under a unified umbrella since 2021. With over $20 billion in assets under management, he's now planning for expansion.
Middle East Forbes THE MIDDLE EAST'S TOP 100 TRAVEL & TOURISM LEADERS 2024
Thanks to their geographical position and historical and cultural richness, Middle East countries are attracting both tourists and investors.
PARTY WITH PURPOSE
New Forbes billionaire Kabir Mulchandani, Founder and Chairman of FIVE Holdings, is building an entertainment ecosystem with a sustainable footprint. Now, he's talking IPO plans.
EMPIRE BUILDING
Hussain Sajwani, Founder and Chairman of the DAMAC Group, has built a property empire and accumulated over $5 billion in wealth since establishing the group in 1982. As he continues to seek out new opportunities, he's also supporting the next generation as they follow in his footsteps.
The Middle East's RICHEST BILLIONAIRES 2024
It's been a banner year for the mega-wealthy. Forbes found an unprecedented 2,781 billionaires around the globe for this year's World's Billionaires list-141 more than in 2023 and 26 more than the previous record, set in 2021.
Riches from Rags
Investors have blown billions of dollars on loss-making luxury clothing resale firms. VINTED, an unlikely startup from Lithuania, finally cracked the code.
The New Goal Standard
JORGE MAS took a risk with a lucrative bet on Lionel Messi and quickly transformed Inter Miami into MLS's second billion-dollar franchise. But now the clock is ticking.
Reasons To Seek Adventure
Whether it’s the exhilaration of free-falling out of the sky or the thrill of being immersed among the shark-filled reefs of the Indian Ocean, adventure enthusiasts are drawn by the allure of life-changing experiences. Here are some reasons why.
THE MIDDLE EAST'S 30 MOST VALUABLE BANKS 2024
MENA’s banking sector has shown resilience over the last year, supported by higher interest rates and oil prices.
INVESTING AT YOUR FINGERTIPS
Ahmad Hammouda and Seif Amr, Cofounders of Egypt-based digital investment platform Thndr, are facing competition from brokerages and investment banks to democratize investing. Having seen exponential growth in four years, they’re now looking at expanding to the U.A.E. and Saudi Arabia.
THE MIDDLE EAST'S FINTECH 50
Despite a sharp decline in funding in 2023, the Middle East’s fintechs have embraced new technologies and expansion and remained resilient in the face of challenges such as high interest rates and geopolitical uncertainties.
A Destination Beyond Expectations
Madrid, Spain’s vibrant capital, pulsates with energy and visitors are invited to unwind a rich tapestry woven with history, art, gastronomy, and natural beauty.
LEANING IN
Hisham Al-Falih, Ashu Gupta, Aditya Sarkar, and Mehdi Tazi, Cofounders of Saudi-based Lean Technologies, have created one of the region's leading third-party regulated open banking platforms with $37 million in funding. Now, they're planning another funding round and expansion across key markets.
A Blueprint For Sustained Growth In The World Of EPC
NMDC Group demonstrates how strategic foresight, robust financial growth, and a commitment to sustainability and innovation are fueling its ongoing expansion and diversification in the EPC industry.
A Red Sea Escape That Has It All
From family fun to fine dining and comfortable workspaces, there is something for everyone at the stunning Zouni Beach in El Gouna, Egypt.
TRADITION TO INNOVATION
Ahmed Wadi, Founder and CEO of Money Fellows, Egypt’s biggest ROSCA platform, has been addressing the cash-centric country’s financial challenges by digitizing traditional money circles. Now, he has even bigger plans.
Seventy-Five Years Of Fashion Influence
Gedeon Group has long been at the forefront of fashion retail in the Middle East and Africa, and with the third generation now at the helm, the business is continuing its legacy into the future.
Rise Of The Robo Riveter
JOHN FISH created New England’s largest general contractor, SUFFOLK, on the backs of laborers. Now he’s betting the future is filled with hardwired hard hats and Al foremen.
Driving The Energy Transition
Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions International Growth at ADNOC, explains how the company is making today’s energy cleaner while investing in the clean energy systems of tomorrow.
Stock Markets MENA's 2024 IPOs Garnered $1.7B
MENA saw four initial public offerings IPOs) hit the main markets in Q1 this year up to March 21, 2024, with 1.7 billion in combined proceeds. Here’s a look into the details.
In Numbers: Strengthening Ties Between The Middle East And Asia
Relations between the Middle East and Asia are going from strength to strength, bolstered by some significant trade deals.
Meta’s Notable Acquisitions
Mark Zuckerberg's Meta turned 20 years old in February. Since it originally launched as Facebook in 2004 and then rebranded to Meta in 2021, the billionaire's brainchild has undergone several transformations, made some astute acquisitions, and molded a generation along the way.
Global State Of Fintech In 2023
As VC investment slowed during 2023, the trend was also witnessed in the fintech sector, which experienced a plunge in funding.
From Finance To Founder And Billionaire
These four self-made business mavericks leaped into entrepreneurship and built big fortunes by leveraging their backgrounds in finance.
Meet 5 Wealthy Women In Finance And Investments
Globally, only 31 female billionaires exist in the finance and investments category, according to Forbes. Here are five wealthy powerhouses who have accumulated their fortunes from investment and finance and have capacities in their businesses and beyond. Net worths are as of March 14, 2024.
Money Matters
This month, we unveil our money issue, featuring the Middle East’s biggest and most successful and valuable fintechs, banks, and asset managers.
Fine Dining With A Creative Twist
Take a peek inside some of the U.A.E.’s most immersive dining experiences.
Fashion Shines On Dubai's Runway
Dubai Fashion Week highlighted a host of international and emerging designers.
New Style
JAD HOBEIKA took the helm of Maison Georges Hobeika in June 2022. While conserving the fashion house’s DNA, he’s also been doing things a little differently.
The GCC's Carbon Roadmap
With carbon capture and storage marked as a key technology in fighting climate change, the Gulf states are investing big in new infrastructure to make sure the region stands out as a sustainability leader.