Forbes Middle East - English - June 2021
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June 2021 issue Digital Access. - Magazine Details
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Forbes Middle East English Magazine - June 2021
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Digital Only
A Wander Through Bangkok’s Bustling Streets
Thailand’s famous capital city ignites all the senses as its evolving skyline entices a growing number of international visitors.
TOP 25 FINTECH COMPANIES 2022
From e-payments to open banking and crypto-assets exchanges, Fintech companies are booming across MENA, driven by high demand from a young and increasingly digital-first population.
DREAMING BIG
Fresh from securing $36.7 million in new funding, Muhannad Ebwini, Founder and CEO of Saudi’s HyperPay, is now looking at regional expansion. New products and a potential IPO are on the horizon.
RIGHT PLACE, RIGHT TIME
Abdullah Aldabbous, Founder and CEO of MyFatoorah, hit on an opportune idea at an ideal moment when he set up the Kuwait-based digital payments gateway in 2016. Having seen business boom in recent years, he’s now thinking of new ways to innovate.
POWERHOUSE
Saeed Mohammed Al Tayer, Managing Director and CEO of the Dubai Electricity and Water Authority (DEWA), led the utility provider to raise $6.1 billion in an IPO in April, making it the largest company on the Dubai Financial Market. IPO activity among state-owned companies is heating up in the Middle East.
How Two Africans Overcame Bias To Build A Startup Worth Billions
A pair of twentysomethings from Uganda and Ghana thought there was a fortune to be made bringing transnational financial services to Africa’s 1.4 billion people. With 5 million users, San Francisco-based Chipper Cash is just getting started.
The Great Resignation Hits The C-Suite
Burnout, inflation, and fears of recession are some factors reportedly leading to a higher rate of exits at the top level.
5 GCC Exchange Houses Going Digital
Many GCC-based exchange houses are embracing digital transformation and now process transactions through traditional branches and online apps. These are the top five, taking into account the value of their transactions in 2021, the number of app downloads, and number of users.
Middle East Banking M&As
M&A activity in MENA increased 11% in Q1 2022, reaching a total value of $21.1 billion, according to data from Refinitiv. The most active was the U.A.E., which saw a 5% increase in M&A activity to reach a total of $4.3 billion. Here are four of the most notable Middle East M&As in banking in H1 2022.
The World’s 5 Biggest Banks In 2022
There were 292 banks on the Forbes Global 2000 list for 2022. They held collective assets worth $113 trillion—over 19% of which belong to the top five. With $22 trillion in combined assets as of April 2022, here are the world’s top five banking titans.
