Forbes: Nine out of every ten corporations favors UAE
Under the theme “Global Meets Local,” Forbes Middle East has created a pioneering study of the talent leading the MENA operations of some of the most renowned global corporations. The study included the top 100 CEOs, directors, and executive management driving the regional success of global corporations with established bases in the Middle East and North Africa.
The study showed that the UAE as the preferred location for global organizations to establish regional headquarters, with a massive 93 percent of companies favoring the nation as a base.
Saudi Gazette reports that in terms of the Top 10, nine regional HQs are based in the UAE, with one in Egypt. However, the business leaders featured hail from all corners of the globe.
Where sectors are concerned, banking dominates, boasting a total of 14 leaders among the top 100, followed by technology and Insurance sectors with 11 and nine spots, respectively.
In recognition of the significant impact made by the MENA region’s leading executives, Forbes Middle East held a grand celebration Monday at the Emirates Towers Hot Dubai.
Daimler, BMW Group, Intel Corporation, McDonald’s, Novartis Pharma Services AG, DHL Express, Boeing, Metlife Alico, ADECCO and HP count as just a few of the world-renowned companies making their Middle Eastern mark. With the prestigious Forbes Global 2000—a ranking of the biggest, most powerful, and most valuable publicly listed companies in the world—as a basis for research, the findings of Forbes Middle East’s innovative study highlight the significance of the MENA region and its top executives on the global corporate stage.
The study culminates in a ranking of the top 100 MENA-based business leaders and executives at the helm of their companies. Complementing the ranking is a stellar lineup of 20 well-established professionals who, although yet to complete 12 months in their roles, boast impressive track records in their respective industries.
- Mission impossible? IMF says Jordan needs 7 percent growth to fight poverty and unemployment
- Saudi's strong non-oil growth in February may signal new economic era for KSA
- Worth a gasp? Abu Dhabi’s inflation already up 2.1% in 2014's first two months
- What's the attraction? IIF says UAE’s economic stability wooing foreign capital investment
- Public-private partnerships may be key to take Gulf's economic growth to next level