Staff Report
Dubai: Forbes Middle East highlighted the financial achievements of Egypt at the “Egypt 100” conference in the presence of the Egyptian Minister of Planning and Administrative Reform “Dr. Hala Al-Saeed”, the Minister of Social Solidarity “Dr.Ghada Wali”, and the Editor in Chief of Forbes Middle East ” Khuloud Al Omain.”
The conference was attended by the high profile businessmen and women along with senior officials of major local, regional and international companies. Nabil Habayeb, President and CEO for MENAT at General Electric tops the list, followed by Georges Elhedery, Group General Manager, Deputy Chairman and CEO for MENA at HSBC Holdings, and Yves Manghardt, Chairman and CEO for the Middle East at Nestlé.
The conference ceremony included a panel discussion on the most important opportunities and challenges of the Egyptian economy, revealed the 3 lists that were specifically prepared for the occasion; which are “The Top 50 Egyptian companies”, “The 25 strongest Egyptian startups” and “The 25 most powerful women”.
Speaking on the occasion Khuloud Al Omian expressed happiness about the conference and said “It is the perfect time for Forbes Middle East to be present in the Egyptian market due to the positive developments the country is witnessing in the economy and investments as well as multiple other achievements including high growth, investments and foreign exchange reserves rates”.
Al Omian added that “celebrating and honoring the top 50 Egyptian companies, the 25 strongest Egyptian startups, and the 25 most powerful women emphasizes the role of companies and individuals in improving the country’s economic situation and help push it forward.”
Forbes ceremony included an engaging discussion panel with the participation of Chief Executive Officer of El Sewedy Electric “Eng. Ahmed El Sewedy”, Chairman of DMG Mountain View “Ayman Ismail”, Chief Operating Officer of Egyptian Media Group “Eng. Hossam Saleh”, CEO of Telecom Egypt “Ahmed Al Behairi”, and Chief Executive Officer of FEP Capital “Omar El Maghawry”.
The session discussed the most significant investment opportunities currently available in Egypt that could attract local, regional and international investments, as well as touching upon some of the challenges facing the Egyptian market.
As for how the best companies are determined, Khuloud explained that “The selection of the best companies comes in line with the global criteria followed for choosing the best 100 companies in the Arab world, including analysis of revenues, profits, market value and assets.”
The Commercial Intentional Bank “CIB” came on the head of the top 50 Egyptian companies list, followed by Global Telecom Holding, Qatar National Bank, QNB Alahli, El Sewedy Electric, and Telecom Egypt.
While the top 25 Egyptian startups included Vezeeta, Instabug, Edfa3ly, Yaoota, Wuzzuf. And on top of the most powerful Egyptian women list came “Lubna Helal” the Deputy Governor of the Central Bank of Egypt, who was honored along with Dr. GhadaWali, and Dr. Hala Al Saeed.
As an acknowledgement for its 70 years of achievement, Forbes Middle East also honored “Dorra Group” for its influence in the economy growth in the field of real estate development and investment.
The “Top 100” event was hosted by Forbes Middle East in collaboration with the support of “Egypt Media Avenue”, and under the auspices of Dorra Group, Nile Air, Danube Properties, Business School of Manchester University in Dubai, OnLive, and Dar Al Meawiya Advertising.
