In this region, the government is often one of the biggest shareholders in the largest organizations, so while the business heads are committed to creating value for shareholders and other financial metrics, they also align with national interests and goals.
Many of the CEOs on our list also hold influential roles in government institutions. Out of the top 10 leaders, nine are from companies where the majority stake is owned directly or indirectly by the government. Some of those companies, including Aramco, ADNOC, and QatarEnergy, are among the biggest sources of revenue for their respective countries. Two entries in the top 10 are also government ministers and another two are members of royal families.
Our list of MENAâs most prominent CEOs in 2024 recognizes their achievements and the success of the companies they lead. It includes leaders from diverse sectors, including oil and gas, banking, telecommunications, and real estate. Many of these CEOs have steered their companies through challenging times, leveraging technology and sustainability to enhance efficiency and competitiveness. They have also played a key role in diversifying the regionâs economies and positioning MENA as a global business hub. This yearâs list features the CEO of the worldâs largest oil company, the CEO of the worldâs largest LNG producer, and the CEO of the largest international airline among others.
The top 100 CEOs include leaders from 19 nationalities. Emiratis dominate with 27 entries, followed by Egyptians with 21 and Saudis with 14. This is a positive sign for localization, with most large companies now headed by local executives. The banking sector has the most entries, with 19, followed by real estate with 10, reflecting the boom in the sector over the last two years.
1 Amin H. Nasser
President & CEO
Company: Saudi Aramco
Residence: Saudi Arabia
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Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day
As part of the U.A.E.âs annual Emirati Womenâs Day celebrations, the Abu Dhabi Business Women Council and the Abu Dhabi Chamber hosted an event on August 28, 2024, under the theme âWe Collaborate for Tomorrow,â celebrating the role and achievements of Emirati women.
THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024
MENAâs healthcare landscape is evolving towards integration, marked by the rise of fully comprehensive ecosystems. Industry giants are setting future trends, driven by systems that thrive on data abundance, accessibility, and intersectoral collaboration.
SCOUTING FOR OPPORTUNITIES
Ayman Cheikh-Lahlou, Chairman and CEO of the Morocco-based Cooper Pharma, took the helm of the family-owned pharmaceutical company in 2005 and has seen business boom over nearly 20 years. Now, heâs exploring expansion opportunities in new markets.
TURNING THE TIDE
Irina Zaporozhets, President and General Manager for Eli Lilly Suisse S.A. in the META region is driving expansion, focusing on innovation and patient-centric care. As she navigates regional challenges, her commitment to expanding access to medicine remains at the forefront.
Supercharging AI
Armed with a newly raised 640 million, GROQ thinks it can challenge one of the worldâs most valuable companies with a purpose-built chip designed for Al from scratch.
How Technology is Accelerating Digital Equality in Diverse Markets
The rise of smartphones and digital technologies has transformed our daily lives, contributing to the evolution of connected consumers.
Rare Fortune
Money manager JAMES LITINSKY turned a bad junk bond bet into a $400 million fortune. His MP Materials operates a strategic mine and will begin manufacturing supermagnets for electric vehicles next year.
The State of Mental Health in the Middle East
While mental health awareness is on the rise, the Middle East faces some challenges in providing care. Still, we're seeing some progress.
Big Breakthroughs
From gene therapy to nasal sprays, these were some of the most significant healthcare breakthroughs in the last year.
MENA's 5 Most Valuable Healthcare Companies 2024
The combined market cap of 57 healthcare companies listed on MENA's stock exchanges hit $83.7 billion on August 13, 2024, with the top five companies accounting for about 62.4% of the total market cap. These are MENA's five most valuable healthcare companies in 2024.
