Business
Forbes Middle East - English
TECH TO ORDER
With over $36.9 million in total funding, Omar Rifai, Mohamed AI Fayed, and Mohamed Hamedi, cofounders of U.A.E.-based F&B and e-commerce platform, Grubtech, are turning to new markets and AI to expand the growing startup.
6 min |
July 2024
Forbes Middle East - English
RUNWAY TO RUNWAY
Mohammed Ashi, Founder and Creative Director of Ashi Studio, was propelled onto the global stage of haute couture in Paris after joining fashion’s governing body last year. Saudi Arabia’s first big-name designer is now taking his designs even higher, to the open skies.
6 min |
July 2024
Forbes Middle East - English
Fashion Blooms Across MENA: A Look at the Region's Fashion Weeks
MENA is experiencing a vibrant fashion moment, with cities like Dubai, Riyadh, Cairo, Doha, and Marrakech hosting fashion weeks that shed light on the creativity and talent of the region’s designers.
2 min |
July 2024
Forbes Middle East - English
The World's Largest Investment Firms 2024: Gains for Apollo, KKR, Ares, and Blackstone
Private markets are booming thanks to the popularity of alternatives among wealthy retail investors and 'higher-for-longer' interest rates. Once feared, buyout firms like KKR, Apollo and Blackstone have gone mainstream, as they climb higher on the Global 2000.
5 min |
July 2024
Forbes Middle East - English
The Missing Links
Mike Keiser turned a patch of coastal Oregon into Bandon Dunes, the unlikely home of some of the world's best golf courses. Now he's expanding the resort with a simple strategy: If he builds it, they will come.
5 min |
July 2024
Forbes Middle East - English
Meet the 5 Richest Self-Made Billionaires in Fashion
From shaping legacies to substantial philanthropic contributions, these five industry billionaires have independently built their fortunes and left an indelible mark on fashion. All are categorized as self-made by Forbes, with their net worths calculated as of June 14, 2024.
3 min |
July 2024
Forbes Middle East - English
From Waste to Wardrobe, a New Era of Embracing Sustainable Fashion
As shoppers embrace sustainability, the Middle East is emerging as a key player in fashion, with a growing market for pre-loved alternatives driving the shift towards eco-consciousness.
3 min |
July 2024
Forbes Middle East - English
10 Women Behind Middle Eastern Beauty Brands
These entrepreneurs are the region's top female founders behind beauty and make-up businesses based on the scope and success of their brands in 2024.
4 min |
July 2024
Forbes Middle East - English
Traditional Markets: Where a Rich History Meets a Prosperous Present
The vibrant and bustling souks and markets of the Middle East have long attracted traders, shoppers, and visitors. With many of these community hubs still in existence today, the role of traditional markets in MENA's economies continues to be vital.
4 min |
June 2024
Forbes Middle East - English
A NEW HOSPITALITY HUB
Alison Grinnell, CEO of Ras AI Khaimah Hospitality Holding, is putting the small northern emirate on the map for tourists and residents. While up against fierce competition from its neighbors, RAK is making itself known.
7 min |
June 2024
Forbes Middle East - English
CHARGED UP
Thamer AI Muhid, Group CEO and Managing Director of Saudi Chemical Company Holding is leading a major restructuring as part of the firm's strategic transformation strategy. With progress underway to boost production and localization, aligning with Vision 2030 is a top priority.
7 min |
June 2024
Forbes Middle East - English
EGYPT'S TOP 50 LISTED COMPANIES 2024
Egypt's economy went through a tough time in 2023, pushing the local currency to lose over 35.5% of its value between April 2023 and 2024. Consequently, the top 50 listed companies in our annual list saw their sales in USD shrink by almost 20% to $26.4 billion in 2023 compared to 2022, with their total net profits dropping by 9% to $4.5 billion.
5 min |
June 2024
Forbes Middle East - English
EVOLVING TOGETHER
Aziz Aluthman Fakhroo, Group CEO of the Ooredoo Group, has been leading a new strategy for the Qatar-headquartered telecom since taking the helm in November 2020. Now, he's cornering key areas for future growth, including telecom towers, data centers, and fintech.
6 min |
June 2024
Forbes Middle East - English
THE MIDDLE EAST'S TOP 100 LISTED COMPANIES 2024
Economic uncertainty has cast a shadow over MENA companies in recent years, with the top 100 listed companies seeing a marginal 5.1% decrease in their sales from $1.1 in 2022 to $1 trillion in 2023.
5 min |
June 2024
Forbes Middle East - English
NEW SHORES
Yasser Zaghloul, Group CEO of the NMDC Group, has spearheaded considerable growth for the company since taking the helm in 2009. While the group builds new islands, he's building a global plan.
6 min |
June 2024
Forbes Middle East - English
Wannabe Warren
THOMAS GAYNER parlayed a stockbroker career into the top job at Virginia's $16 billion Markel Group, a specialty insurer with a penchant for investing in stocks and privately owned businesses. Meet Richmond's answer to the Oracle of Omaha.
4 min |
June 2024
Forbes Middle East - English
Green Gas Giant
Linde's SANJIV LAMBA serves two masters: environmentalists and investors. Neither group has cause to complain.
6 min |
June 2024
Forbes Middle East - English
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.
4 min |
May 2024
Forbes Middle East - English
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.
2 min |
May 2024
Forbes Middle East - English
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.
7 min |
May 2024
Forbes Middle East - English
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.
9 min |
May 2024
Forbes Middle East - English
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.
2 min |
May 2024
Forbes Middle East - English
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.
6 min |
May 2024
Forbes Middle East - English
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.
5 min |
May 2024
Forbes Middle East - English
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.
3 min |
April 2024
Forbes Middle East - English
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.
10+ min |
April 2024
Forbes Middle East - English
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.
7 min |
April 2024
Forbes Middle East - English
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.
9 min |
April 2024
Forbes Middle East - English
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.
2 min |
April 2024
Forbes Middle East - English
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.
7 min |