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Sunday, 6 June 2021

Six Egyptian firms make Forbes’ 2021 list of top MENA companies

Six Egyptian firms have made Forbes’ 2021 list of the Middle East’s top 100 companies: Leading private sector bank CIB, Orascom Construction, Talaat Moustafa Group, Telecom Egypt, Elsewedy Electric and Eastern Company are among the region’s 100 “most valuable and profitable companies.” Aggregate market value of all the companies on the list rose more than 30% to USD 3 tn last year, despite a 39% fall in aggregate net income. Saudi Arabia tops the list with 37 companies, followed by the UAE and Qatar.

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