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Friday, July 03, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Forbes Middle East" (4 articles)

Moutaz al-Khayyat, Group chairman, and Ramez al-Khayyat, president & Group CEO, of Power International Holding (PIH).
Business

Qatar places 3rd in Forbes Middle East’s top 100 Arab family businesses list

Qatar ranked third in Forbes Middle East’s Top 100 Arab Family Businesses 2026 list, with 10 Qatari companies featured, trailing Saudi Arabia’s 32 entries and the UAE’s 31.Together, the six GCC states accounted for 86 of the 100 companies on the list, which also included businesses from Egypt, Jordan, Morocco, Lebanon, and Algeria.Citing figures from the Arab Investment and Export Credit Guarantee Corporation (Dhaman), Forbes Middle East reported that the Arab region’s GDP reached approximately “$3.8tn” in 2025 and is forecast to exceed “$4tn” in 2026.According to Forbes Middle East, Power International Holding (PIH), chaired by Moutaz al-Khayyat with Ramez al-Khayyat as president and Group CEO, was the highest-placed Qatari company at seventh overall.PIH operates across energy, mining, construction, healthcare, banking, telecommunications, real estate, and food industries. Last year, a consortium led by PIH subsidiary UCC Holding signed a “$4bn” build-operate-transfer concession to redevelop and operate Damascus International Airport, alongside a “$7bn” programme to develop 5,000MW of power capacity in Syria.Al Faisal Holding, ranked eighth, has 3,800 employees and interests spanning hospitality, real estate, trading, and industrial services. Founded by Sheikh Faisal bin Qassim al-Thani, the group holds a majority stake in Aamal Company on the Qatar Stock Exchange and operates more than 30 hotels across the Middle East, Europe, and the US through Al Rayyan Tourism Investment Company.**media[461440]**Last year, the group completed the full acquisition of Hepworth PME Qatar. Sheikh Faisal’s net worth was estimated at “$1.7bn” as of May 2026, according to Forbes Middle East.Ranked 28th, Darwish Holding oversees more than 800 international brands, with 90% of those partnerships spanning more than 75 years. The group founded Fifty One East in 1949 and operates across real estate, retail, wholesale, malls, and technology.Last year, chairman Bader al-Darwish expanded the group into the food and beverage sector and launched new commercial and residential real estate projects. “The group is also a shareholder in QNB Group, where al-Darwish serves on the board,” stated Forbes Middle East.**media[461445]**Alfardan Corporation, at 58th, was founded in 1954 and operates across hospitality, properties, automotive, heavy machinery, jewellery, exchange, investment, marine services, agriculture, and medical sectors. Last year, the group separated its Qatar operations under Alfardan Corporation and its global business under Alfardan International.**media[461446]**Abu Issa Holding, which placed 70th in the list, traces its origins to Blue Salon, Qatar’s first luxury department store, established in 1981 by the late father of chairman Ashraf Abu Issa. The group now manages more than 50 businesses across retail, energy, sports management, and technology.Mohamed bin Hamad Holding Company (MBHH), ranked 73rd and chaired by Sheikh Jassim bin Mohamed al-Thani, has interests in healthcare, real estate, hospitality, petrochemicals, and pharmaceuticals. The group operates Doha Clinic Hospital, Ibn Al Haytham Pharmacies, and the Crowne Plaza and Holiday Inn hotel brands. Last year, its subsidiary Trans Orient Travel and Tourism became the exclusive general sales agent for Somon Air in Qatar.**media[461443]**Almuftah Group, 77th on the list, was founded in 1963 and now operates across automotive, electronics, construction, manufacturing, education, lifestyle, retail, and services. “Last year, the group opened a new auto service centre in Al Wakra, expanding Sterling Restaurants with new Pizza Hut and TCBY locations, and launched Almuftah Maison, a cosmetics and perfumes brand,” stated the Forbes report.Ranked 78th, Almana Group was founded in 1960 and represents more than 100 international brands, including Coca-Cola, Ford, Jeep, and Hertz, across real estate, automotive, oil and gas, industrial, exchange, and engineering sectors. Last year, the group added XPENG electric vehicles to its Qatar portfolio.Jaidah Group, at 89th, operates across automotive distribution, heavy equipment, electrical and power solutions, technology, and energy services. Last year, the group delivered and commissioned more than 120 specialised SANY cranes, including units exceeding 1,250 tonnes, for Qatar’s North Field East and North Field South developments, completed the acquisition of Cummins’ Qatar operations, and partnered with Ashghal and Schneider Electric to manufacture and install Qatar’s first domestic smart electrical switchgear panels.Marzooq Shamlan Al Shamlan Holding, ranked 94th, was founded in the 1950s and now operates across retail, services, automotive, and trading through subsidiaries, including Qatar Trading Company, Q-Tire, and International Tire Centre, with a portfolio of more than 180 international brands. Between March and November last year, Q-Tire opened its first branch at Woqod Mesaimeer in Qatar and a new branch in Bahrain’s Karranah district. 

Of the 11 QSE-listed companies, the banks and financial services sector had six entities with combined market value of $87.37bn, industrials had two ($25.72bn), and telecommunication, real estate and consumer goods and services sectors with one each ($27.37bn)
Business

11 QSE-listed firms figure in Forbes Middle East's 100 most valuable companies

As many as 11 Qatar Stock Exchange (QSE) listed firms with a total combined valuation of $140.47bn figured among the Middle East's 100 most valuable companies in 2026, according to Forbes Middle East.The Qatari bourse listed companies that figured in the list are QNB with a valuation of $50.2bn (market capitalisation at the end of January 2026), Industries Qatar ($21.1bn), Qatar Islamic Bank ($16.2bn), Ooredoo ($12.5bn), Ezdan Holding ($7.57bn), Nakilat ($7.3bn), AlRayan Bank ($5.8bn), Commercial Bank ($5.3bn), Dukhan Bank ($5.13bn), QIIB ($4.74bn), and Nebras Energy ($4.62bn).Of the 11 QSE-listed companies, the banks and financial services sector had six entities with combined market value of $87.37bn, industrials had two ($25.72bn), and telecommunication, real estate and consumer goods and services sectors with one each ($27.37bn).The overall ranking is based on market capitalisation data from 12 stocks across the Middle East and North Africa (Mena) countries. Companies were ranked using closing prices as of January 31, 2026. Currency conversions were calculated using exchange rates on the same date.Across 12 stock exchanges, total market capitalisation in Mena reached $4.3tn in January 2026. The region's top 100 listed companies accounted for $3.7tn of that, “a reminder of concentration at the top”, according to Forbes."In a year when markets elsewhere wobbled, the Middle East's biggest companies stayed upright and in many cases, grew heavier," Forbes Middle East said.Overall, the Gulf Co-operation Council (GCC) countries accounted for 88% of the companies in the ranking. The top 10 is split evenly between the UAE and Saudi Arabia, reinforcing their role as the region's two corporate centres of gravity.The UAE lead the ranking by numbers with 35 companies on the list, followed by Saudi Arabia with 34, Morocco with nine and Kuwait with six.Banking and financial services remain the most crowded sector with 34 companies represented and a combined market value of $732.6bn.With just nine companies on the list, Energy sector commands $1.9tn in market capitalisation, “underlining how central hydrocarbons remain to the region's corporate balance sheet”, it said.On the basis of scale, Saudi Arabia dominated with Saudi-listed firms making up $2.4tn of the total. Much of that weight came from Saudi Aramco, which again topped the ranking with a market capitalisation of $1.7tn. On its own, Aramco accounted for nearly 40% of the total market value of all the listed companies in the region. 

GWC Group Managing Director Sheikh Abdulla bin Fahad bin Jassim bin Jaber al-Thani
Business

GWC named among Forbes Middle East 'Sustainability Leaders 2025'

Gulf Warehousing Company (GWC) has been ranked ninth regionally in the transport and logistics category on Forbes Middle East’s Sustainability Leaders 2025 list, which features 126 companies and institutions.This recognition highlights GWC’s role in promoting sustainable development practices and supporting environmental, social, and governance (ESG) initiatives across the region.GWC Group Managing Director Sheikh Abdulla bin Fahad bin Jassim bin Jaber al-Thani said: “We are proud to be recognised by Forbes Middle East for the third year in a row. This honour reflects our steadfast commitment to integrating ESG principles into our business model and highlights our ongoing efforts to provide sustainable logistics and supply chain solutions to our diverse clientele, in line with Qatar’s Third National Development Strategy, Qatar National Vision 2030, the National Environment and Climate Change Strategy, and the UN Sustainable Development Goals (SDGs).”GWC’s Group Acting CEO Matthew Kearns stated: “Sustainability is a cornerstone for driving positive change, promoting responsible practices, and contributing to development. We achieve this by leveraging our capabilities, investing in the communities where we operate, strengthening governance, protecting the environment, and managing risks effectively.”He added: “This recognition reaffirms our commitment to adopting responsible initiatives and taking a proactive approach to sustainability. It further strengthens GWC’s position as a leader in ESG practices, demonstrated through a wide range of initiatives such as beach clean-ups, tree planting, wastewater treatment, energy conservation and emissions reduction, paperless processes, vehicle route optimisation, reduce-reuse-recycle initiatives, and resource consumption optimisation.”GWC’s Biobin initiative processed nearly 100 tonnes of food waste from its sites last year, transforming close to 40 tonnes into premium, nutrient-rich compost – enough to cover the equivalent of 14 FIFA football pitches.As part of the initiative, the recycled compost is donated to local agricultural projects including Education City Micro Farm, a community garden run by agriculture company Hadiqa that offers educational workshops for children in Doha, teaching them about gardening to create a more self-sufficient future.Forbes Middle East highlighted that the company has reduced Scope-1 carbon emissions by 3% and Scope-2 emissions by 0.2% compared with 2023 levels in 2024 and recycled more than 162,000m³ of treated wastewater at GWC Bu Sulba Warehousing Park, achieving a 6% year-on-year reduction in water consumption in the same year.In 2024, GWC also recycled over 2,200 tons of waste, with a bold target of cutting waste by 20% by 2030. The company remains committed to minimising landfill dependency and promoting sustainable solutions.In September 2024, GWC joined the United Nations Global Compact (UNGC), the world’s largest voluntary corporate sustainability initiative, aligning itself with over 23,000 companies from some 166 countries worldwide committed to promoting responsible business practices and SDGs.

QIB Group CEO Bassel Gamal
Business

QIB Group CEO featured among Forbes Middle East’s Sustainability Leaders 2025

QIB Group CEO Bassel Gamal has been recognised in Forbes Middle East’s ‘Sustainability Leaders 2025’, a list celebrating executives who are advancing sustainability across the region’s largest companies.The achievement underscores the bank’s dedication to environmental management, robust ESG commitments, and innovative sustainability initiatives, affirming its influential role in promoting positive environmental impact and sustainable practices.QIB’s recognition aligns with the bank’s ongoing commitment to its ESG strategy, which includes the introduction of innovative, Shariah-compliant solutions and tools that empower customers and businesses to make more sustainable choices.This year’s Forbes Middle East list features 126 leaders across 15 industries, underscoring how sustainability is shifting from pledges to measurable action across the region. In the banks category, Gamal was recognised among the Middle East’s top 10 leading executives within the banking industry, affirming QIB’s leadership in sustainable finance and responsible banking.Gamal said, “We are pleased to be recognised by Forbes Middle East as a sustainability leader, reaffirming our strong commitment to environmental and social responsibility. This distinction validates our dedication to sustainability through tangible initiatives and recent milestones.“Our core strategy integrates sustainability into our business operations, rooted in our Islamic values and heritage. Over the past year, we have accelerated the integration of ESG principles across our organisation, aligning closely with Qatar National Vision 2030, Qatar Central Bank’s ESG & Sustainability Strategy for the Financial Sector, the National Environment and Climate Change Strategy, and global best practices. This commitment strengthens our brand and enhances our financial resilience and long-term value for all stakeholders.”Recent QIB milestones include being the first bank in Qatar to adopt the Equator Principles, which has led the bank to embed a robust ESG Risk Assessment process in its credit review for all new finance requests. The bank has launched a sustainable deposit for institutional and corporate customers, which is in turn tagged to its sustainable asset portfolio. This product is aligned with QIB’s Sustainable Products Framework – guiding green and social financing.QIB has further introduced a carbon emissions tracker in the QIB Mobile App — Qatar’s first of its kind to help retail customers monitor the carbon footprint of their card transactions and encourage environmentally responsible purchasing behaviour through tailored sustainability tips. Additionally, QIB has collaborated with DHL to help lower its logistics emissions under the GoGreen Plus flagship, introduced a range of eco-friendly cards made from recycled plastic, and accelerated its shift to paperless banking through e-statements, digital onboarding, and smart printing.QIB’s current sustainability-related initiatives are aimed at embedding the assessment of climate risks within its risk management processes, leading to the evaluation of the potential impact of climate-related physical and transition risks on its wholesale banking portfolio, as per the guidelines laid down in Qatar Central Bank’s ESG Supervisory Principles for Banks.Forbes Middle East has unveiled its 2025 Sustainability Leaders list, spotlighting organisations across the Middle East that are driving measurable progress toward sustainable business goals. The evaluation considered demonstrable environmental impact, adherence to ESG principles, transparency, collaboration, initiatives delivered over the past year, and credible net-zero roadmaps. Within banking and financial services, the methodology placed particular emphasis on advancing sustainable finance.