Business
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 |
April 2024
Forbes Middle East - English
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.
3 min |
April 2024
Forbes Middle East - English
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.
1 min |
April 2024
Forbes Middle East - English
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.
6 min |
April 2024
Forbes Middle East - English
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.
2 min |
April 2024
Forbes Middle East - English
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.
6 min |
April 2024
Forbes Middle East - English
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.
2 min |
April 2024
Forbes Middle East - English
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.
3 min |
April 2024
Forbes Middle East - English
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.
3 min |
April 2024
Forbes Middle East - English
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.
2 min |
April 2024
Forbes Middle East - English
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.
2 min |