Business
Forbes Middle East - English
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.
4 min |
August 2022
Forbes Middle East - English
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.
2 min |
August 2022
Forbes Middle East - English
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.
1 min |
August 2022
Forbes Middle East - English
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.
1 min |
August 2022
Forbes Middle East - English
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.
2 min |
August 2022
Forbes Middle East - English
SUSTAINING GROWTH
Ahmed El-Hoshy, CEO of fertilizer exporter Fertiglobe and producer OCI N.V., has a couple of issues on his mind: maximizing supply to a world on the brink of a global food security crisis and minimizing its impact on the environment. As Fertiglobe's market cap more than doubles, it seems to be in hand.
7 min |
July 2022
Forbes Middle East - English
Naladhu Private Island Maldives
When I hear the phrase “the perfect getaway,” the image that immediately flashes to my mind is one of deep blue oceans, golden sand, and the sound of waves crashing against a shore.
5 min |
July 2022
Forbes Middle East - English
Top 5 Countries Most Interested In NFTS
The market for non-fungible tokens (NFTs) is in its infancy, but many investors have been quick to jump on the bandwagon. Total NFT sales between the start of January and end of April 2022 stood at $37 billion, according to a report from blockchain analysis firm Chainalysis, compared with $40 billion for the whole of 2021. Here are the top five countries that made the most NFT-related searches between June 2021 and May 2022, according to the NFT Club.
2 min |
July 2022
Forbes Middle East - English
TOP 100 CEOs IN THE MIDDLE EAST 2022
Irrespective of the economic environment, market conditions, and other factors, it is the CEO who bears most of the responsibility for the success or failure of the company they lead.
10+ min |
July 2022
Forbes Middle East - English
OLD UNICORN NEW TRICKS.
Billionaire brothers John and Patrick Collison built Stripe into one of the world's most-hyped, highest valued - and profitable! - startups, worth some $95 billion. Now they must stave off going from disruptor to disrupted.
10+ min |
July 2022
Forbes Middle East - English
NEW CHAPTER
Dana Nasser Al Sabah, Group CEO of the Kuwait Projects Company (Holding)-KIPCO- had a tough job ahead of her when she took the role at the beginning of the year. As she leads the company through a vital new merger, she's looking to further M&A activity to boost the company's performance.
6 min |
July 2022
Forbes Middle East - English
FACILITATOR
In a region that seems eternally under construction, the potential for growth in the facility management sector increases with every new building opened. Under Group CEO Tariq Chauhan, Dubai's EFS is becoming a key playe serving multinationals and governments across MEA, Turkey, and South Asia.
8 min |
July 2022
Forbes Middle East - English
CEOs Of MENA's Biggest Wealth Funds
Meet the heads of the region's most successful and asset-rich sovereign wealth funds. We compiled this list based on the size of the fund (according to data from the Sovereign Wealth Fund Institute), the strategic importance of its portfolio to the country, and the prominence of the fund's CEO.
5 min |
July 2022
Forbes Middle East - English
A LEAGUE OF THEIR OWN
Tiger Woods and LeBron James are the first athletes to become billionaires while still active in their sport-paving the way for a new generation of player-tycoons.
3 min |
July 2022
Forbes Middle East - English
10 Notable CEO Appointments In H1 2022
Here are 10 companies that have appointed new CEOs in the first half of 2022 to help get them through a challenging post-pandemic era.
3 min |
July 2022
Forbes Middle East - English
Top 5 Arab Companies On Forbes Global 2000
On this year's Global 2000 list by Forbes-a ranking of the largest 2,000 companies in the world based on assets, profits, revenues, and market value-41 companies featured from MENA. Here are the top five.
2 min |
June 2022
Forbes Middle East - English
TOP 50 LISTED COMPANIES IN EGYPT 2022
TOP COMPANIES IN EGYPT
10+ min |
June 2022
Forbes Middle East - English
THE MIDDLE EAST'S TOP 100 LISTED COMPANIES 2022
While the global economy feels the pressure of unprecedented inflation and the economic unrest caused by the ongoing war in Ukraine, the Middle East's listed companies have been outperforming, with the top 100 listed companies pocketing $201.7 billion in total net income during 2021, an increase of over 121% compared to $91 billion in total net income in 2020.
10+ min |
June 2022
Forbes Middle East - English
Sofitel Le Scribe Paris Opéra
Deep in the heart of the Opera district in Paris sits one of the city's most historic hotels.
4 min |
June 2022
Forbes Middle East - English
These Middle East-Based Firms Listed On Foreign Exchanges In Q1 2022
Several Arab companies are tapping into the booming trend of blank-check companies as they seek a faster road to public trading with less regulatory scrutiny than a traditional IPO.
2 min |
June 2022
Forbes Middle East - English
Egyptian Blue Chips Riding The Storm
As Egypt faces an economic crisis, these three Egyptian companies are growing regardless.
3 min |
June 2022
Forbes Middle East - English
ROADMAP FOR REFORM
Jean-Christophe Durand, CEO of the National Bank of Bahrain, is leading the bank through a transformative time. As Bahrain invests in expanding its economy, financial services, and net-zero goals, NBB is seeing its profits rise as it aims its focus firmly at the future.
7 min |
June 2022
Forbes Middle East - English
METAL RUSH
Although he's been at the helm for little more than two and a half years, Ali Al Baqali, CEO of Alba, has seen the company's performance go from loss-making in 2019 to ground-breaking in 2021. Now he's focusing on a new ESG roadmap to lead one of Bahrain's biggest companies to a greener future.
7 min |
June 2022
Forbes Middle East - English
MARKET MOVER
Since he became CEO and Managing Director in 2019, Syed Basar Shueb has overseen a remarkable period of growth for Abu Dhabi's International Holding Company, resulting in a market cap of $140 billion and making it the most valuable company in the U.A.E. Not bad going for someone who started with the group working in IT.
7 min |
June 2022
Forbes Middle East - English
Ambition
"Character cannot be developed in ease and quiet.
2 min |
June 2022
Forbes Middle East - English
The Super Rich Planning Super Lifespans
Besides collecting art, philanthropy, and real estate investments, some billionaires also use their fortunes to channel millions into a less-common investment plan—life extension. Here’s how some of the world’s richest have been planning for a longer future. Net worths are as of April 10, 2022.
2 min |
May 2022
Forbes Middle East - English
THE MONEY CLASSROOM
With her financial comparison website and accompanying education program now acquired by SHUAA Capital, Ambareen Musa, Founder and CEO of Souqalmal, is onto her next challenge. She’s on a mission to revolutionize regional financial literacy by building a multipurpose on-demand platform.
9 min |
May 2022
Forbes Middle East - English
World's Top 5 Richest Millennials
While elder millennials are now entering their 40s, they are still among the youngest billionaires in the world. Here are the five richest millennials—that is those born between 1981 and 1996—from Forbes’ World’s Billionaires 2022. Net worths were calculated as of March 11, 2022.
2 min |
May 2022
Forbes Middle East - English
Four Seasons Hotel George V
Springtime in Paris is a refreshing experience for a traveler from the Middle East. Bitingly cold at times but awash with blue skies and sunshine (apart from the odd, unexpected flurry of snow or sprinkling of showers), it’s a lovely time of year to explore the city’s bustling streets and famous cultural sites.
4 min |
May 2022
Forbes Middle East - English
TURNING DOWN THE HEAT
Doaa Gawish, Founder of The Hair Addict, has built a thriving community as well as a successful business. As she expands her products across the GCC, she's also educating consumers on how to love and embrace their natural and curly hair.
6 min |