Back to the complete issue
Wednesday, 29 November 2017

CIB tops Forbes Middle East’s 50 Best Egyptian Companies list

Speaking of CIB: The bank topped Forbes Middle East’s Top Egyptian Companies list, which was unveiled earlier this week, The UAE News reports. The bank was honored at Forbes’ Egypt 100 conference alongside the likes of Global Telecom Holding, Elsewedy Electric, Union National Bank of Egypt, Qatar National Bank, Arafa Group, Palm Hills Development, and Oriental Weavers. The selection process for the 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,” Forbes Middle East’s Editor-in-Chief Khuloud Al Omian said.

The event also honored CBE Deputy Governor Lobna Helal, Social Solidarity Minister Ghada Wali, and Planning Minister Hala El Said among the 25 most powerful Egyptian women, Al Masry Al Youm reports. The Egypt 100 list also included a category for the 25 strongest Egyptian startups, with awards being presented to Eventtus, digital recruitment platform Wuzzuf, international shipping platform Edfa3ly, and online medical booking company Vezeeta.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.