From Foreign Waters

  According to a report released on Monday, the United Arab Emirates (UAE) took the top spot in the Middle East and North Africa's (MENA) 2023 list of the 50 highest-valued banks, with a combined market value of $548 billion as of Feb. 28. Forbes Middle East's 50 Most Valuable Banks 2023 list shows that 50 banks are featured in the ranking, with 10 countries from the region included. Banks from the Gulf Cooperation Council (GCC) accounted for 82% of the rankings, demonstrating the region's stability despite the burden of Western bank collapses and inflation hikes in recent months. The UAE 's banking sector is highly developed and has been ranked among the world's most innovative. The country's government has invested heavily in technology to create a sophisticated and efficient financial system that offers a wide range of services to customers.

  The Middle East is the region where many richest people live. There are various businesses in the Middle East region. The CEO bears most of the responsibility for the success or failure of the company. Forbes recently released the list of the Top 100 CEOs in the Middle East in 2022. The @Forbes ‘Top 100 CEOs in the Middle East 2022’ list consists of leaders from 26 nationalities. Banking and financial services is the most represented sector on the list with 27 CEOs, followed by 8 telecom CEOs. https://t.co/bxOArjxOwx pic.twitter.com/sNGuX26kxV — Gulf News Business (@GulfNewsBiz) July 7, 2022 The top 100 CEOs list consists of leaders from 26 nationalities. Emiratis dominated with 19 entries, followed by Egyptians with 16, and Saudis with 15. Banking and financial services are the most represented sector on the list with 27 CEOs, followed by eight telecom CEOs, and seven each from energy and logistics companies. Top 100 CEOs in the Middle East Amin H. Nasser: Th...