Forbes Middle East - English Magazine - Sep 2023
Forbes Middle East - English Magazine - Sep 2023
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In this issue
Forbes Middle East - September 2023 - English
MENA Venture Capital Declines
MENA experienced a significant setback in funding and deals during the first half of 2023, reflecting a global retreat in venture capital activity.
2 mins
GLOBAL MEETS LOCAL 2023
International Giants Are Attracting FDI And Stimulating Economic Growth.
3 mins
Kill Trees, Save The Planet
Bill Gates and other investors are betting KODAMA SYSTEMS can reduce carbon dioxide in the air by cutting down and burying trees. Now if only Uncle Sam would get onboard with tax credits, too.
5 mins
Sand Dollars
BUD BRIGHAM made a fortune drilling for oil, but his 42-mile-long conveyor belt of sand for fracking could make him a billionaire-assuming he can avoid the tiny lizards.
7 mins
Changing The Narrative
Coca-Cola may be best known for fizzy drinks and curvy bottles, but it's evolving with the times, according to regional VP, ANDREW BUCKINGHAM. As plastic packaging becomes a social pariah, emphasizing ESG is on the rise for one of the world's biggest companies, particularly in the Middle East.
3 mins
Road To Net-Zero
Uber's been evolving its vehicles, pricing, and ride options to steer a transition to clean energy. Now regional head FRANS HIEMSTRA needs to persuade passengers and drivers in the Middle East to choose them.
3 mins
JUST THE BEGINNING
Anthony Nakache, Managing Director for MENA at Google, is leading the regional base for a more than trillion-dollar company, one of the biggest tech giants in the world. As Al increasingly powers growth in the Middle East, he's creating partnerships to make sure the technology is understood and used in the right way.
9 mins
SHIFTING FOCUS
Sandeep Walia, Chief Operating Officer for the Middle East at Marriott International, one of the world's largest hotel operators, is amplifying the emphasis on luxury as Saudi Arabia takes center stage in the company's intensified focus on premium offerings.
6 mins
OVERCLOCKING AMD
I LISA SU ORCHESTRATED ONE OF THE GREAT TURNAROUNDS IN SILICON VALLEY HISTORY, DRIVING THE DYING SEMICONDUCTOR MAKER'S STOCK PRICE UP NEARLY 30-FOLD IN LESS THAN A DECADE. NOW, SHE'S PREPARING FOR BATTLE IN THE COMING AI REVOLUTION-AND SHE EXPECTS TO KEEP WINNING.
10+ mins
TOP 100 ARAB FAMILY BUSINESSES 2023
Family Businesses Are Evolving And Unlocking Value
4 mins
SEEDING SUSTAINABLE AGRICULTURE
Morocco’s agribusiness is under mounting pressure amid soaring inflation and climate-driven weather variations. Rita Maria Zniber, Chairman and CEO of agribusiness group Diana Holding, is taking the lead in transitioning to a more sustainable ecosystem.
6 mins
GOING STRONG
Hassan Allam Holding’s third-generation leaders, Hassan Allam and Amr Allam, the Co-CEOs of the group, have been overseeing their family business since 2009 and 2010, respectively. They are now focused on expanding the company’s operations, leveraging hitting 5.5 billion in backlog in 2022.
7 mins
EXECUTING AN EVOLUTION
Tarek Hosni, CEO of family-owned Saudi pharmaceuticals giant Jamjoom Pharma, led the company through an IPO in June 2023—the largest the kingdom has seen so far this year. Now he’s looking at new product growth to make the company an international name.
7 mins
Inflection AI, The Year-Old Startup Behind Chatbot Pi, Raises $1.3 Billion
Backed by Microsoft, Nvidia and billionaires Reid Hoffman, Bill Gates and Eric Schmidt, the startup led by ex-DeepMind leader MUSTAFA SULEYMAN is valued at 4 billion—and claims to have the world’s best Al hardware setup.
4 mins
Musk Vs Zuckerberg: Who's Winning The Tech Billionaires' Brawl?
Whether Musk and Zuckerberg will ever make it to the boxing ring remains to be seen, but their rivalry continues to make headlines. Here are some highlights and key stats.
3 mins
20 Smartest Cities In The World
Here are the top 20 cities improving energy efficiency, reducing CO2 emissions, and increasing the well-being of citizens, according to the Institute for Management and Development in partnership with the World Smart Sustainable Organization.
4 mins
Enduring Legacies: 5 Renowned Global Businesses That Were Founded By Families
Family businesses have long been an important part of the global business landscape. Here are five renowned businesses founded by families, rising from humble beginnings to global prestige.
2 mins
The World's 5 Richest Billionaire Families
From the Walton family to the candy conglomerate Mars Inc., these families have built their fortunes through strategic investments, business acumen, and inheritance. Here are the top five richest billionaire families as of July 12, 2023, according to Forbes.
2 mins
Notable Investments Of Bernard Arnault
At the heart of the world’s second richest family is a prolific investor. Bernard Arnault was the richest person in the world when Forbes released its 2023 list of the World’s Billionaires in April. Here are some of his biggest backings.
2 mins
20 WOMEN BEHIND MIDDLE EASTERN TECH BRANDS 2023
Unveiling MENA’s Trailblazing Women in Tech
2 mins
50 WOMEN BEHIND MIDDLE EASTERN BRANDS 2023
Meet the Female Founders
3 mins
POWER DRESSING
From accounting to runway, Egyptian entrepreneur Sara Onsi has taken an unconventional path to success in the fashion industry. After reconnecting with her purpose, the risk-taker is now designing for inclusivity and empowerment
7 mins
MORE THAN SKIN DEEP
Salama Mohamed, Founder and CEO of Peacefull, launched her brand two years ago on a mission to give residents of the Middle East skincare products tailored to their climate. She’s since done that and much more, recently giving refugee women a means by which to earn income and find hope
7 mins
TEAM PLAYER
International England Hockey player turned fashion designer, Nadine Merabi, Cofounder and Creative Director of her namesake luxury ready-to-wear brand, is empowering women through fashion while celebrating her Lebanese heritage
7 mins
BEAUTY FROM BOTH SIDES
Hind Sebti, Cofounder and Chief Growth Officer of Waldencast, is both leading a Nasdaq-listed company and developing her own beauty startups. While pursuing her own life-long love of the industry, she’s now focused on mentoring others
5 mins
Canadian Cool
Everyone thought Covid was the final coffin nail for brick-and-mortar retail. For ARITZIA, a nearly 40-year-old Vancouver-based fashion outlet, it proved quite the opposite
5 mins
Playing the Fields
SAL GILBERTIE sells down-to-earth inflation hedges: funds that hold futures contracts on crops like corn and soybeans
4 mins
A Winning Formula
TOTO WOLFF built Mercedes’ F1 team into an auto racing dynasty. Their championship days may be behind them, but the billionaire racing boss is more successful than ever
5 mins
5 Global Retail Acquisitions In H1 2023
Here are five notable global acquisitions made by retail leaders in the first half of 2023 as they navigated a competitive landscape
2 mins
Snapshot: The Promising Future Of MENA's Gaming Market
Gaming is on the rise in the Middle East, leading to boosted investment in developers and publishing companies
2 mins
Forbes Middle East - English Magazine Description:
Publisher: Forbes Middle East
Category: Business
Language: English
Frequency: Monthly
Forbes Middle East is here to fill the vacuum for credible, original and intelligent journalism. Forbes Middle East's Arabic and English versions will reach out to all senior business executives and aspiring individuals who want to succeed!
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