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SAUDI’S AI AMBITION: Why local talent is key to its goals

POWER, VISION, LEGACY: OUR ANNUAL HONOUR ROLL REVEALS THE MOST INFLUENTIAL ARAB FIGURES DRIVING CHANGE ON A GLOBAL SCALE

SKY’S THE LIMIT: Etihad’s CEO talks IPO, growth and new tie-ups

ARABS 2025

K2’S SECOND ACT

FROM RAP ICON TO

WEB3 INNOVATOR

HOW THE TUNISIAN RAPPER IS CHARTING A NEW COURSE

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Gulf Business CONTENTS / APRIL 2025

23 16 Beats to Blockchain

Presenting our flagship annual list of Arab visionaries, influencers and leaders who are redefining the global economic, social and cultural landscape

Rapper and tech entrepreneur K2 talks about music, reinvention, and building a legacy beyond the mic

Editor-in-chief Obaid Humaid Al Tayer Managing partner and group editor Ian Fairservice Chief commercial officer Anthony Milne anthony@motivate.ae Publisher Manish Chopra manish.chopra@motivate.ae Group editor Gareth van Zyl Gareth.Vanzyl@motivate.ae Editor Neesha Salian neesha.salian@motivate.ae Reporter Nida Sohail Nida.Sohail@motivate.ae Senior art director Freddie N Colinares freddie@motivate.ae Senior art director Olga Petroff olga.petroff@motivate.ae

General manager – production S Sunil Kumar Production manager Binu Purandaran Production supervisor Venita Pinto Digital sales director Mario Saaiby mario.saaiby@motivate.ae Sales manager Hitesh Kumar Hitesh.Kumar@motivate.ae Group marketing manager Joelle AlBeaino joelle.albeaino@motivate.ae

This issues’ Images, vectors and fonts credits: Getty Images / The noun project / Typography

Pic: Ahmed Abdelwahab

100 Most Powerful Arabs 2025

Cover: Freddie N Colinares

Follow us on social media: Linkedin: Gulf Business Facebook: GulfBusines X: @GulfBusiness Instagram: @GulfBusiness

HEAD OFFICE: Media One Tower, Dubai Media City, PO Box 2331, Dubai, UAE, Tel: +971 4 427 3000, Fax: +971 4 428 2260, motivate@motivate.ae DUBAI MEDIA CITY: SD 2-94, 2nd Floor, Building 2, Dubai, UAE, Tel: +971 4 390 3550, Fax: +971 4 390 4845 ABU DHABI: PO Box 43072, UAE, Tel: +971 2 657 3490, Fax: +971 2 677 0124, motivate-adh@motivate.ae SAUDI ARABIA: Regus Offices No. 455 - 456, 4th Floor, Hamad Tower, King Fahad Road, Al Olaya, Riyadh, KSA, Tel: +966 11 834 3595 / +966 11 834 3596, motivate@motivate.ae LONDON: Acre House, 11/15 William Road, London NW1 3ER, UK, motivateuk@motivate.ae

gulfbusiness.com

April 2025

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APR

2025

FROM THE EDITOR’S DESK

OUR NEW NUMBER ONE IN THIS YEAR’S TOP 100 ARABS COMMANDS MORE THAN $1.4TN IN ASSETS”

I

t’s that time of year again when we reveal our definitive ranking of the Top 100 Most Powerful Arabs across the globe.

This isn’t just a regional snapshot. These are the Arab leaders reshaping industries, steering policy, and driving impact across international markets. Compiling this list takes weeks of deep research, debate, and fine-tuning by our editorial team. Every name is the result of careful consideration, and this year, we welcome a new number one.

He avoids the spotlight, but his influence is hard to miss. He commands more than $1.4tn in assets across sovereign wealth, banking, and AI-led ventures. His reach stretches far beyond the UAE — from cutting-edge tech alliances and strategic crypto investments to a frontrow seat in the global race for AI dominance.

Curious? Turn to our Top 100 section to find out who now leads the list in 2025.

This issue also takes readers 37,000 feet above ground, where I sat down with Antonoaldo

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April 2025

Neves, CEO of Etihad Airways, during a special flight to Addis Ababa, Ethiopia. We spoke about Etihad’s bold new venture with Ethiopian Airlines, the growing competition in the regional aviation sector, and whether an IPO could be in the airline’s future.

And in a very different take on influence, we also spotlight Tunisian rapper K2, who’s gone from viral verses to visionary ventures. Known for his raw lyrics and rebellious energy, K2 is now making waves beyond music with K2 Meta, a Web3 business.

This issue celebrates power, vision, and transformation, across the Arab world and far beyond. We hope it inspires you, challenges you, and gives you new insight into the forces shaping our future.

Thank you, as always, for reading.

Gareth van Zyl, group editor

gulfbusiness.com

MARK YOUR DIARIES WITH OUR MUST ATTEND AWARDS AND BRIEFINGS

EVENTS CALENDAR APRIL 2025

JUNE 2025

SEPTEMBER 2025

GULF BUSINESS BREAKFAST (DUBAI, UAE)

GULF BUSINESS BREAKFAST (DUBAI, UAE)

GULF BUSINESS BREAKFAST (RIYADH, KSA)

TECH AMBITIONS: The next wave of innovation

TRADING AHEAD: State of the UAE’s online investment sector

SEPTEMBER 2025

NOVEMBER 2025

GULF BUSINESS AWARDS (DUBAI, UAE)

GULF BUSINESS BREAKFAST (DUBAI, UAE)

Recognising the best in key sectors across the GCC

UPCOMING EVENTS

FINTECH FRONTIERS: Focus on AI, DeFi and digital payments

BUILDING TOMORROW: Innovations and sustainability in UAE real estate

GULF BUSINESS AWARDS

PRESENTED BY

gulfbusiness.com/events

FOR EVENT SPONSORSHIP AND MORE DETAILS, CONTACT

manish.chopra@motivate.ae | mario.saaiby@motivate.ae | hitesh.kumar@motivate.ae

VC INVESTMENT IN 2024:

B2B VS B2C

The Brief

Investors’ appetite shifted to the business-to-business (B2B) model, injecting $1.2bn into 325 startups operating in the B2B model, while 209 startups working in the business-to-consumer (B2C) field saw investments of $717m, and the remainder went to startups operating in both models and the direct-toconsumer (D2C) models.

$1.2BN

Getty Images/liulolo

25

1Bn $500m

08 10 14

$717M

209 Deals

$311.7M 74 Deals

$25.5M 2 Deals

0

Analysis Finance Wealth Management

APR

Investment ($)

325 Deals

B2B

B2C

B2B /B2C

D2C

Source WAMDA: Investments in MENA

Saudi’s AI ambition: Why talent is key With a young population and growing international interest, the kingdom is poised to lead, provided it prioritises homegrown expertise and strategic partnerships p.12 gulfbusiness.com

April 2025

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The Brief / Analysis COMMENT

Private financing increasingly prominent among GCC issuers The steep decline over 2024 largely resulted from improving financing conditions in local banking sectors and bond and sukuk markets, and the decline in interest rates.

Even so, the number of transactions in 2024 was still 2.7 times higher than in 2015 (see chart 1), which is indicative of the strong fundamentals that underpin the increase in private capital financings.

Getty Images/Imagezoo

BONDS CONTINUE TO DOMINATE

Over the past decade, GCC issuers mainly relied on banks, bonds, and sukuk to meet their funding needs, finds S&P Global Ratings

April 2025

Private capital financings are increasing 25

500

20

400

15

300

10

200

5

100

0

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

(Number of transactions)

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CHART 01

(Billion $)

T

he total amount of private capital financings raised

by GCC issuers between 2020 and 2024 increased significantly to $54.8bn, from $10.4bn between 2015 and 2019, and is set to rise further.

In the next few years, we anticipate private capital financings in GCC countries will gain further importance, considering higher interest from private capital providers in the region.

The number of transactions that were financed with private capital peaked at $20.4bn in 2023, however, this decreased to $14.5bn in 2024 (see chart 1).

We analysed the data related to financing raised by GCC issuers over the past decade. We specifically focused on financing from banks, bond and sukuk issuances, equity capital market transactions – such as initial public offerings (IPOs) and private capital financings via private credit investments, private equity investments, venture financing, sovereign wealth fund investments, and other fund investments or credits.

Based on our analysis, GCC issuers, including GCC governments, raised $3.5tn over the past decade (see chart 2). Bond issuances, which accounted for 51 per cent of the total amount raised in 2024, constituted the preferred method of financing, followed by financing from banks, which contributed 26 per cent.

In addition, three other asset classes experienced a significant increase in GCC issuers’ funding mix: sukuk issuances accounted for 19 per cent of the amount raised in 2024, equity capital market transactions – such as IPOs — for 6 per cent, and private capital financings for 3 per cent.

Private capital financings

Private capital financings (right scale)

0

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Dr Mohamed Damak is the MD and Financial Institutions Sector lead at S&P Global Ratings (Emerging EEMEA region) FOCUS ON LARGE DEALS

Private companies received most of the private capital financing and those investments concentrated on the largest deals.

Over the past decade, the top 10 transactions accounted for almost 80 per cent of the total annual volume of private capital financings. What’s more, large corporates, including government-related entities (GREs), were among the recipients of private capital financing.

Both large corporates and GREs will continue to optimise their funding mix and seize opportunities, while smaller companies will increasingly turn to private financings, particularly if they are at an early development stage.

Our analysis of private financing transactions shows that private financiers have expanded their reach over time to provide funding to more mature and established companies, not just those at early development stages.

GCC ISSUERS, INCLUDING GCC GOVERNMENTS, RAISED $3.5TN OVER THE PAST DECADE

Established companies received 79 per cent of private financings in December 2024, up from 31 per cent in 2015 (see chart 3).

PRIVATE FINANCING CAN HELP EARLY-STAGE FIRMS

(Billion $)

Even though these established companies could have easily raised the required funding from banks or capital markets, they chose private financings, which could proCHART 02 vide a faster or more streamlined execution, more flexible terms, or Bonds are still the preferred method of financing for GCC issuers more competitive pricing.

Nevertheless, we do not expect 300 Equity capital market private capital to challenge the transactions role banks play in the region 250 because the overall volume of Bond issuances 200 private financings remains relaSukuk issuances tively small.

150 On the demand side, private Bank lending 100 capital financing can help earlystage firms and make them bankPrivate capital 50 able over time, which fuels the financings financial ecosystem by creat0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ing more growth opportunities.

Banks tend to be wary of providing loans to companies at early CHART 03 development stages unless they benefit from external support or 9% guarantees.

Private capital financings are On the supply side, regional targeting banks’ clients 12% private capital providers for GCC corporates, including sovereign 31% wealth funds, will continue to Early stage diversify their geographic expo2015 sure to avoid over-relying on a Growth stage 53% 2024 single economy or region.

Maturity GCC investors will remain on 17% the radar of large companies that aim to raise money outside of the traditional banking system or 79% Graphs: Supplied capital markets, especially when interest rates are high.

gulfbusiness.com

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Brief / Finance COMMENT

Banking on sustainability

Getty Images/Digital Vision.

We look at how companies can mitigate financial risks in a changing climate

C

limate change and sustainability have emerged as crucial topics in recent years, reflecting a heightened global consciousness and dedication to tackling environmental issues. In the UAE, the fight against climate change has been listed as a priority target for sustainability and growth to achieve its Green Agenda 2030.

The ramifications of climate change extend to the financial services sector as well. Financial experts are increasingly focusing on climate scenarios, recognising the impact on the business and reputation of banks that want to adapt to the increasing sustainability requirements of their customers 10

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and the wider industry. However, many financial institutions still encounter challenges in effectively integrating climate scenarios into existing risk management structures.

While risk assessment is not a new topic in the financial world, the need to increase awareness of financial impacts due to climate change has never been more pressing. The term ‘risk’ often carries negative undertones in everyday language. However, in the context of risk management, it signifies proactive preparation for forthcoming events. This includes all external factors that impact companies, banks and investors, including future implications of climate change. gulfbusiness.com

George Tataru is a lead solutions consultant, Treasury & Capital Markets at Finastra

WHAT ARE CLIMATE SCENARIOS?

In risk management, climate risks are bifurcated into physical and transitional categories. The former encompasses events like intensified heavy rainfall, like we’ve experienced in April last year, while the latter stems from societal shifts toward a low-carbon or carbon-free economy. Physical risks cause repercussions that can range from acute to chronic scenarios. For example, recurring heavy rainfall may trigger localised floods, alongside causing substantial damage.

To provide context, imagine a scenario where a small company builds a production facility that is unexpectedly flooded by heavy rainfall and is rendered inoperable for months. This not only affects its revenue stream and turnover but also presents challenges in meeting financial obligations such as repaying bank loans. Consequently, the business finds itself vulnerable to immediate physical risks, which cascade into credit and repayment challenges. While factors pertaining to weather remain largely unpredictable, historical data can indicate which regions are more prone to heavy rainfall than others. Although this does not directly disqualify businesses in these areas from loan eligibility, banks can use this insight to proactively identify and mitigate such risk factors.

Chronic risks are also becoming increasingly realistic. The increasing frequency and intensity of heat waves, or the fact that traditional crops in the Middle East such as wheat no longer thrive as well as they used to, have a long-term impact on agriculture.

Rising sea levels also fall into this category and affect the value of coastal property.

While it might seem feasible to overlook the financial implications of climate change, disregarding these risks does not erase them. Failing to acknowledge climate risks is akin to navigating the world blindfolded, making it impossible to see challenges or obstacles, let alone overcome them. Effective risk management involves removing this blindfold, enabling us to identify issues, quantify them, and thereby address them. In this light, the establishment of the

EMBRACING OPEN FINANCE AND ECOSYSTEMS FURTHER ENHANCES THE EFFICIENCY AND IMPACT OF MANAGING CLIMATE RISKS

gulfbusiness.com

‘RISK’ OFTEN CARRIES NEGATIVE UNDERTONES IN EVERYDAY LANGUAGE. HOWEVER, IN THE CONTEXT OF RISK MANAGEMENT, IT SIGNIFIES PROACTIVE PREPARATION FOR FORTHCOMING EVENTS. United Arab Emirates Ministry of Climate Change & Environment, presents a significant opportunity to promote constructive change, catalyse innovative solutions and drive collaborative effort towards a sustainable future.

HOW CAN BANKS PREPARE?

To effectively manage and mitigate risks arising from climate and other factors, it is crucial for banks to modernise their systems, for now and the future. By investing in appropriate technological solutions, financial institutions can, for example, utilize their data more effectively and leverage robust risk analytics and real-time insights to make more informed decisions.

Embracing open finance and ecosystems further enhances the efficiency and impact of managing climate risks. For instance, integrating third-party applications, through open APIs, that offer access to comprehensive climate datasets, enables banks to gain deeper insights into the specific risks affecting their customers. With technologies such as AI and generative AI, institutions can better analyse this data to enhance risk modelling, climate change scenario planning and ultimately decision-making.

Effective risk management involves developing and employing an awareness of the implications of climate change. This entails assessing the impact of climate scenarios on portfolios, estimating potential profits, losses, changes in value, and being attuned to possible developmental trajectories to prepare for the future. While such risk assessments were not traditionally common when granting loans, given the rapid progression of climate change, banks must effectively equip themselves to both remain competitive and fit for the future, while contributing to a greener society for all.

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Getty Images/Andriy Onufriyenko

The Brief / Technology

Could Saudi Arabia lead the way in AI? With a bold vision, strategic investment, and a young, tech-savvy population, Saudi Arabia has the key ingredients to become a global AI powerhouse

O

ur conversations about the future of artificial intelligence (AI) mostly revolve around the exponential growth of our technological capabilities and the availability of the data needed to train our models. But one of the perhaps most important drivers of AI, that I feel does not get the attention it deserves, is talent – the people behind the technologies at our disposal.

Across the Gulf states, AI continues to be a strategic priority. Recently, Saudi Arabia made headlines with — the still publicly unannounced — “Project Transcendence”, reportedly, a $100bn initiative to transform the kingdom into a world-class AI hub. Aside from data centres, startups, and other infrastructure, talent is said to be a key element of the initiative.

While reporting on the project should be taken with a grain of salt, with the Saudi government not

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having commented on it yet, continued investment in talent for AI is certainly welcome news. With 63 per cent of Saudis being under the age of 30, according to the General Authority for Statistics (GASTAT), the kingdom is an ideal source of the next generation of AI practitioners.

While many Gulf states have AI ambitions, I believe Saudi Arabia is uniquely positioned to achieve them successfully. The Saudi economy is the largest in the Middle East and the kingdom also is among the most populous countries in the region. Economically and demographically, Saudi Arabia is thus a strategic regional growth market for the AI industry.

INTEREST GROWING IN THE REGION

And interest in the Gulf as an emerging hub for AI is not limited to the Middle East. Jared Cohen, co-head of the Goldman Sachs Global Institute and president of Global Affairs, has voiced concern about the ability of the US to maintain its leadership role in AI without quickly expanding its AI infrastructure. In Cohen’s view, such expansion will need to happen abroad.

Overseas expansion, according to Cohen, is required because existing US data centres are at capacity and are unfit for energy-intense AI workloads. Because of multiple, significant barriers to building new data centers suited for AI or retrofitting currents ones, putting in place infrastructure in countries with the right conditions is the way to go, Cohen has argued. Overseas expansion, Cohen suggests, could see the US collaborate with democracies gulfbusiness.com

George Huang is the CEO of SenseTime MEA, a JV between SenseTime Group and Saudi’s PIF

elsewhere, turn to the Global South, or partner with the Middle East. For political and geopolitical reasons, he is skeptical about the first two options and thinks of the Middle East as a preferred candidate.

Energy is cheap, land abundant, and major developments feasible.

By accommodating the AI infrastructure needs of other countries, Saudi Arabia could benefit from foreign direct investment (FDI), an inflow of talent, as well as knowledge transfer. Such partnerships would also further strengthen and solidify bilateral relations, which could pay dividends in a region with longstanding security challenges and competing interests. And it is not only the US that is looking to rapidly expand its AI infrastructure abroad; so is China.

While it remains to be seen whether Cohen’s assessment of the US’ AI needs and ways to meet them is accurate, investments into the region by Microsoft and, as part of the rumored “Project Transcendence”,

by Google Cloud, suggests that interest in the region as a hub for AI continues to increase. However, the question is going to be how compatible needs and expectations between the US and Saudi Arabia are going to be, and whether the Gulf region would be better served looking to the East, which has long had a policy of non-interference.

In my view, as Saudi Arabia continues build its AI capabilities, there are two imperatives. First, enabling the growth of its AI industries in ways that are aligned with the values and objectives articulated in the kingdom’s AI strategy. That strategy seeks to position Saudi Arabia as an AI specialist with a competitive advantage by 2025 and industry leader by 2030.

The kind of partnership Cohen has in mind would be in line with that first imperative. It would help realise strategic goals such as attracting SAR75bn ($19bn) in AI and data investment, ensure AI and data regulation is welcoming, facilitate the launch of more than

HOWEVER, THE QUESTION IS GOING TO BE HOW COMPATIBLE NEEDS AND EXPECTATIONS BETWEEN THE US AND SAUDI ARABIA ARE GOING TO BE, AND WHETHER THE GULF REGION WOULD BE BETTER SERVED LOOKING TO THE EAST, WHICH HAS LONG HAD A POLICY OF NON-INTERFERENCE. gulfbusiness.com

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PER CENT WITH 63 PER CENT OF SAUDIS BEING UNDER THE AGE OF 30, THE KINGDOM IS AN IDEAL SOURCE OF THE NEXT GENERATION OF AI PRACTITIONERS

300 AI and data startups, rank among the top 15 AI countries, and train 20,000 AI and data specialists.

And second, ensuring that international partners enable the rise of homegrown talent and companies.

A key example of this commitment can be seen in our joint venture, where nearly 40 per cent of the organisation comprises R&D staff — one of the strongest research teams in the kingdom. Highlighting such achievements will be essential in demonstrating Saudi Arabia’s progress in fostering a highly skilled AI workforce. This reflects Saudi Arabia’s broader efforts to cultivate a highly skilled AI workforce, a critical component of its ambition to rank among the top 20 countries in scientific contribution. Given that a global race for AI supremacy is underway, countries and companies will want to ensure that they have an edge over the competition. This means the brightest AI minds will be in high demand; governments and corporates alike will have a strong interest in keeping them on home turf. Countries whch can leverage homegrown talent are thus ideally positioned to win the AI race.

While I have spent the bulk of my career in the technology industry — from Asia and the Middle East to the Americas — I have also worked in executive search, focused on finding and placing the best talent.

It is all too easy to forget that how a business does is, in no small part, the aggregation of individual performance. Similarly, the state of an economy is inevitably linked to the state of society, and the effectiveness of the systems that are in place to govern both.

Saudi Arabia has a compelling vision, the determination to deliver on it, and a youthful population invested in building a brighter future. With this baseline in mind, I see no reason why the kingdom could not become a globally competitive AI power, so long as it stays true to its North Star and firmly committed to empowering the next generation of AI practitioners.

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FEATURE / AVIATION

ETIHAD’S HIGH-FLYING AMBITIONS:

Pics: Getty Images

EXCLUSIVE WITH CEO ANTONOALDO NEVES

LAST MONTH, ETIHAD AIRWAYS SIGNED A LANDMARK JOINT VENTURE AGREEMENT WITH ETHIOPIAN AIRLINES. GULF BUSINESS WAS INVITED ABOARD A VIP FLIGHT TO ADDIS ABABA AS PART OF A SELECT GROUP OF GUESTS, WHERE WE SAT DOWN WITH ETIHAD CEO ANTONOALDO NEVES TO DISCUSS THE AIRLINE’S RECORD-BREAKING GROWTH, ITS MOVE INTO AFRICA, AND THE MUCH-RUMOURED IPO

BY GARETH VAN ZYL

t was a flight that symbolised far more than a new route. When Etihad Airways touched down in Addis Ababa last month, it marked the start of a bold new partnership with Ethiopian Airlines — Africa’s largest carrier. The joint venture gives both airlines shared access to one of the most dynamic aviation corridors in the world, linking Africa, the Middle East and Asia.

Under the agreement, Ethiopian Airlines will begin flights between Addis Ababa and Abu Dhabi from July 15. Etihad will launch daily services from October 1 — part of a rapid network expansion that mirrors the airline’s surging momentum.

“This is extremely important for Etihad because it means we can offer customers many more options into Africa,” said CEO Antonoaldo Neves. “At the same time, we can

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provide Ethiopian customers many, many options that Etihad has today to different places around the world.”

FAST-TRACKED COLLABORATION

Unlike traditional airline partnerships, which evolve slowly from interline to codeshare, this one is different.

“We’re fast-tracking into a joint venture model,” Neves explained. “You provide better schedules, better pricing, seamless journeys, and all airlines share the revenue equally.”

The result? A more integrated offering for passengers. “There’s no seat allocation restriction like in codeshare; Etihad could sell 70 per cent of seats on an Ethiopian flight and vice versa.”

Neves said the move reflects a shared urgency and organisational strength.

“If it’s better for both sides, why not do it sooner?” gulfbusiness.com

AFRICA’S RISING ROLE

A HUB WITH ADVANTAGES

The partnership also signals Etihad’s growing commitment to Africa, a region with significant untapped potential.

“Ethiopian has built something amazing. They’re about the same size as Etihad, and they provide very good service,” said Neves. “We’re partnering with an airline that shares our view on how an airline should be run and how to develop the future of aviation.”

The alignment makes strategic sense.

“Etihad will benefit from their network, and in the past three years, we’ve doubled our size – growing from 10 million to 21 million passengers this year.”

Fueling this growth is Abu Dhabi’s upgraded aviation infrastructure. “We have the capacity at Abu Dhabi Airport, one of the best terminals globally,” said Neves. “You have a 99 per cent chance of not taking a bus to board, no trains to gates, pre-clearance to the US – all advantages.”

PROFITS TAKE FLIGHT Etihad’s growth has been underpinned by a strong financial turnaround. In 2024, the airline reported a profit after tax of Dhs1.7bn ($476m), more than triple the Dhs525m ($143m) figure from the year before. Passenger revenue hit Dhs20.8bn ($5.7bn), with cargo contributing Dhs4.2bn ($1.1bn). Total revenue rose 25 per cent to Dhs25.3bn ($6.9bn).

The airline flew 18.5 million passengers in 2024, up 32 per cent year-on-year.

It added more than 1,700 weekly flights, boosted frequencies on 25 routes and launched over 20 new destinations — including Boston, Nairobi, Jaipur and Bali.

But Neves noted that expansion is just as much about depth as breadth. “Twothirds of our growth is adding capacity to existing markets,” he said. “Two years ago, we had 15 destinations with more than two flights a day. Today, we have over 40.

For example, four flights daily to Kuwait.

Customers value not just price but the ability to fly when they want, with short connections and reliable service.”

YOU HAVE A 99 PER CENT CHANCE OF NOT TAKING A BUS TO BOARD, NO TRAINS TO GATES, PRECLEARANCE TO THE US – ALL ADVANTAGES.” gulfbusiness.com

IPO? WE’RE READY Antonoaldo Neves

ETIHAD AIRWAYS AT A GLANCE Financials (2024): Profit after tax: Dhs1.7bn ($476m) Total revenue: Dhs25.3bn ($6.9bn) Passenger revenue: Dhs20.8bn ($5.7bn) Cargo revenue: Dhs4.2bn ($1.1bn) Passenger growth: 18.5 million in 2024 (up 32%) Network expansion: 1,700+ weekly flights added 25 route frequency increases 20+ new destinations including Boston, Nairobi, Jaipur, Bali, and Addis Ababa Fleet growth: 12 aircraft added, including six A320 NEOs Strategy: 10–15 new destinations annually Focus on frequency and hub strength

Speculation has swirled around a potential IPO for Etihad, especially given parent company ADQ’s listing track record. Neves didn’t confirm a timeline, but said the airline is prepared.

“The speculation is natural. If we weren’t doing well, there’d be no talk,” he said. “Margins have improved, profitability is up, but we stay humble – there’s still room for growth.

IPO is a tool, not an end. I’ve been through IPOs before. Our job is to be ready if the shareholder decides to proceed. Operationally, financially, from a governance standpoint – Etihad is ready.”

REGIONAL RIVALS WELCOME

Etihad’s ascent is happening in a region buzzing with aviation activity. “Airline growth is always correlated to GDP growth, and the Middle East is still underserved,” Neves said. “Within a four-hour flight from Abu Dhabi, you have two billion people… GDP in the region grows about 5 per cent annually, and aviation typically grows twice that.”

While most carriers are expanding at 3–4 per cent annually, Etihad is aiming for 15 per cent growth this year.

On the potential challenge from Saudi Arabia’s Riyadh Air, Neves was unfazed.

“They’re not flying yet. It’ll take years to reach critical mass,” he said. “That said, I welcome competition… Increased competition stimulates the market.”

But he made it clear what separates Etihad: “It’s about having a reliable, scalable network that makes money while providing excellent service. Few can master all of that.”

Watch the full interview on Gulf Business’ YouTube channel: www.youtube.com /@gulfbusiness3050

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BEATS TO BLOCKCHAIN STARTING LIFE ON THE GRITTY STREETS OF TUNISIA AND RISING TO SHARE STAGES WITH ICONS LIKE SNOOP DOGG AND DJ KHALED, K2 HAS EVOLVED INTO A STRATEGIC INVESTOR AT THE FOREFRONT OF BLOCKCHAIN AND WEB3. NOW BASED IN THE UAE AND FOLLOWED BY OVER 2.5MILLION FANS ON FACEBOOK AND 1.5 MILLION FANS ON INSTAGRAM, HE SPEAKS TO GULF BUSINESS ABOUT MUSIC, REINVENTION, AND BUILDING A LEGACY BEYOND THE MIC

WORDS GARETH VAN ZYL PHOTOS AHMED ABDELWAHAB

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gulfbusiness.com

C O V E R S T O R Y K2

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didn’t just grow up on the streets of Tunisia — he grew out of them.

As a young man forging his identity through hip-hop, K2’s rise was anything but conventional. Long before he was closing deals and scanning blockchain charts, he was dropping verses and touring with legends. His collaborators?

A-list names like Snoop Dogg, DJ Khaled and Fat Joe. “Music has always been a huge part of who I am,” he says.

“Growing up in Tunisia, hip-hop was more than just a genre, it was a way to express myself and to stand for something bigger.”

And express himself he did: through bars, beats and raw charisma that carried him from local notoriety to international stages. But for K2, music wasn’t just performance. It was preparation.

“It taught me perseverance, it taught me how to be more creative, and it taught me how to adapt, innovate and create my own opportunity,” he says.

“Working with legends like Snoop, DJ Khaled, and Fat Joe wasn’t just about the music, it was about learning how to build partnerships... and learning how to turn my passion into a brand.”

Those early lessons proved invaluable when K2 made the leap from rap to reinvention.

CHANGING THE NARRATIVE If the early K2 was the archetypal ‘bad boy’ of North African rap, the present-day version is polished, sharp, and immersed in frontier technologies. Today, K2 is at the helm of K2 Meta, a tech investment platform focused on blockchain, crypto and next-gen innovation.

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Getty Images

K2

But pivoting from hip-hop to high finance didn’t come easy.

“The biggest challenge was probably changing how people saw me,” he admits.

“So when I switched gears and got into business, it was time to show them what I had learnt throughout my career in the music industry.”

That meant drawing on the resilience he’d built in music — navigating critics, rejections, and cultural taboos — and applying it to boardroom dynamics. “In business, I treat every decision like a move in chess,” he says.

“Always strategising, taking calculated risks, and planning several steps ahead.”

The result? A leadership style that blends instinct with data, gut feeling with game theory.

“Staying focused, trusting my instincts, and not being afraid to take chances,” he says. “That’s what got me here.”

BORN IN TUNISIA BUT LAUNCHED IN FRANCE K2’s early music hustle came with culture shock.

“Moving to France was a struggle at first,” he recalls. “But it taught me a lot about the music industry and its deep connection to entrepreneurship.” gulfbusiness.com

C O V E R S T O R Y K2

There, he learned the importance of marketing, personal branding, and evolution: principles that would shape his future businesses. “I had to constantly evolve,” he says.

That evolution led to an impressive roll call of global collaborations, from T-Pain to Ronaldinho to The Game. “I’ve worked with Snoop Dogg before, and we’re planning to collaborate again,” K2 teases, “this time with a shared vision of leveraging music, technology, and entrepreneurship to drive social change.”

Beyond K2 Meta, he’s also involved in entertainment ventures that focus on exclusivity and innovation, blurring the lines between cultural moments and digital advancement.

K2 META: EYES ON THE FUTURE K2 Meta is K2’s brainchild and his launchpad into digital asset investing. The platform backs technologies with what he calls “real-world utility”: not just hype-driven headlines.

“Digital assets are about more than just the price tags,” he says.

“They are about solving real-world problems. Blockchain, decentralised finance, and smart contracts are the future of ownership and digital identity.”

He’s not here to ride short-term trends. “We like to focus on the long haul and make sure that we are backing innovations that are going to have a positive impact on society.”

It’s that long-term view that’s also earned K2 Meta credibility in a space cluttered with noise. He sees opportunity where others see volatility — and always with a cultural eye.

CREATIVITY AS CURRENCY “My passion for music has always kept me in tune with what’s

THE BIGGEST CHALLENGE WAS PROBABLY CHANGING HOW PEOPLE SAW ME. SO WHEN I SWITCHED GEARS AND GOT INTO BUSINESS, IT WAS TIME TO SHOW THEM WHAT I HAD LEARNT THROUGHOUT MY CAREER IN THE MUSIC INDUSTRY.”

K2 BY THE NUMBERS

2.5 million+

FACEBOOK FOLLOWERS

1.5 million+

INSTAGRAM FOLLOWERS

10+ global music collaborations including Snoop Dogg, DJ Khaled, Fat Joe, T-Pain, The Game, and Ronaldinho

20+ years OF EXPERIENCE IN MUSIC AND ENTERTAINMENT FOUNDER OF K2 META, A UAE-BASED INVESTMENT PLATFORM FOCUSED ON BLOCKCHAIN, CRYPTO, AND EMERGING TECH

gulfbusiness.com

MULTIPLE PHILANTHROPIC PROJECTS: SCHOOL RENOVATIONS, FOOD AND MEDICAL RELIEF DURING COVID-19, ORPHANAGE AND ELDERLY CARE IN TUNISIA

ACTIVE INVESTOR IN WEB3 AND DIGITAL OWNERSHIP TECHNOLOGIES

LANGUAGES SPOKEN: ARABIC, FRENCH, ENGLISH

April 2025

19

C O V E R S T O R Y K2

TIMELINE: K2’S JOURNEY FROM RAPPER TO TECH ENTREPRENEUR YEAR

MILESTONE

2025

EXPANDS WEB3 IMPACT ACROSS MENA AND GLOBALLY.

2023

ANNOUNCES NEW COLLABORATION WITH SNOOP DOGG, FOCUSED ON SOCIAL CHANGE.

2022

BEGINS PRODUCTION OF DOCUMENTARY TRACING HIS TRANSFORMATION.

2021

LAUNCHES K2 META TO INVEST IN BLOCKCHAIN AND EMERGING TECH.

2020

LEADS COVID RELIEF EFFORTS IN TUNISIA.

2010s

COLLABORATES WITH SNOOP DOGG, DJ KHALED, FAT JOE, RONALDINHO, THE GAME, AND T-PAIN

LATE 2000s

GAINS TRACTION ACROSS EUROPE; ADOPTS A “BAD BOY” RAP IMAGE.

1996

MOVES TO FRANCE; HONES HIS CRAFT AND LEARNS THE MUSIC BUSINESS.

1994

BEGINS RAPPING IN TUNISIA, IMMERSED IN UNDERGROUND HIP-HOP CULTURE.

happening culturally,” he explains. “What people are talking about and what’s trending helps me make decisions in business too.”

That sixth sense for shifts in sentiment is helping K2 stay ahead of the next tech evolution. “I think that the next big shift is going to be the merging of the digital and physical worlds. Virtual reality, augmented reality and digital ownership, and how that’s all going to change the way we work, interact, and even buy things.”

And with K2 Meta, he’s placing his bets accordingly.

“We see a future where virtual spaces and real-world experiences merge in a way that feels seamless.”

BETTING ON THE MIDDLE EAST Having built roots in the region, K2 is bullish on the Middle East’s digital trajectory. “The Middle East is making waves in the tech space, and I think we’re only just getting started,” he says. “The investment in fintech and Web3 is huge, and I see the region becoming a real hub for innovation.”

For him, the appeal lies in ambition and vision. “What inspires me most here is the chance to build solutions that aren’t just local, but can have a global impact.”

20

April 2025

PHILANTHROPY WITH PURPOSE Despite the success, K2 hasn’t forgotten his roots.

“I come from a very humble background, and I have seen people struggle just like I have in the past,” he says. “So the first opportunity that I got to be able to give back, I was all hands on.”

From renovating schools to providing medical aid during the COVID-19 pandemic, K2 has embedded philanthropy into his business DNA. He continues to support orphanages, the elderly, and initiatives tackling malnutrition.

“This isn’t just about giving,” he explains.

“It’s about building ecosystems for longterm, meaningful impact.”

His long-term goal? Systems—not handouts. “It’s not just a quick fix,” he says. “I want to make sure the impact is lasting... that it’s about creating opportunities for people to stand on their own two feet and thrive.” gulfbusiness.com

A DOCUMENTARY IN THE WORKS His story is now being captured on screen.

A new, upcoming television documentary in the Middle East promises to chronicle K2’s unlikely transformation.

“It’s a story of reinvention and resilience,” he says. “Not just about the highs, but the challenges and lessons along the way.”

For K2, it’s not about ego; it’s about example. “I hope audiences will walk away with a sense of what it takes to stay true to your vision... how important it is to keep pushing forward, no matter the obstacles.”

“One of the main learning I would like the audience to leave with is that: ‘It’s not where you come from, but by where your journey ultimately leads you.’”

THE POWER OF PARTNERSHIPS

K2’S CODE – 5 RULES HE LIVES BY ADAPT FAST: “YOU CAN’T SIT STILL — EVOLUTION IS EVERYTHING.” THINK LIKE A CREATOR, ACT LIKE A STRATEGIST. BUILD PARTNERSHIPS THAT GO BEYOND THE DEAL. BALANCE PROFIT WITH PURPOSE. NEVER FORGET WHERE YOU CAME FROM — BUT ALWAYS LOOK AHEAD.

Whether in music or tech, K2 has always prioritised the people around him.

“These collaborations are most effective when each partner recognises and leverages the unique strengths of the others,” he says. “That creates a synergy that fosters mutual growth.”

And the biggest lesson from working with icons? “The best opportunities in business, much like in music, often require the courage to act swiftly and adaptively, rather than waiting for the perfect moment.”

For K2, success isn’t about playing it safe.

It’s about thinking bold, moving fast, and building a legacy that blends music, business, and impact.

“I want my legacy to be about breaking barriers and creating new opportunities for future generations,” he says. “Through K2 Meta, Web3 investments, and philanthropy, I’m creating a blueprint for the next wave of artists, entrepreneurs and innovators.”

I THINK THAT THE NEXT BIG SHIFT IS GOING TO BE THE MERGING OF THE DIGITAL AND PHYSICAL WORLDS. VIRTUAL REALITY, AUGMENTED REALITY AND DIGITAL OWNERSHIP, AND HOW THAT’S ALL GOING TO CHANGE THE WAY WE WORK, INTERACT, AND EVEN BUY THINGS.” gulfbusiness.com

April 2025

21

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SPECIAL REPORT

ARAB ICONS SHAPING THE GLOBAL STAGE

O

ur annual tally of Arab influence returns with a familiar theme: change. This year, a new leader tops the list, signalling a major shift in regional and global power dynamics.

Arab voices are increasingly shaping business conversations and driving decisions, from sovereign wealth funds and stock exchanges to tech hubs and climate initiatives. The diaspora, spread across continents, also continues to amplify this influence, proving that power knows no borders.

This year’s economic developments stand out. A recent $1.4tn US-UAE investment partnership and a $600bn US-Saudi agreement signal a bold new phase of trade and technology collaboration.

This list acts as a compass, showing not only who holds power, but how they wield it—across business, culture, sport and society.

The stories, successes and challenges of these individuals reflect a dynamic, resilient community with an impact that resonates far beyond the region.

100 MOST POWERFUL ARABS 2025 24

01 HH SHEIKH TAHNOON BIN ZAYED AL NAHYAN CHAIRMAN, ADIA, MGX, G42, IHC, ADQ AND ROYAL GROUP

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED

t 56, Sheikh Tahnoon bin Zayed Al Nahyan stands at the nexus of global finance and artificial intelligence (AI), driving the UAE’s growing influence across both. He chairs a portfolio unrivalled in scale: Abu Dhabi Investment Authority (ADIA) with $1tn in assets under management, MGX’s $50bn techfocused fund, AI powerhouse G42, Abu Dhabi Developmental Holding Company (ADQ), and First Abu Dhabi Bank.

Few individuals globally wield direct control over more than $1tn in assets, surpassing even Saudi Arabia’s PIF. This influence prompted the world's most prominent business publication, The Wall Street Journal, to publish a major profile piece on Sheikh Tahnoon’s business reach in February this year.

ADIA is not only the largest sovereign wealth fund in the GCC but also ranks as the seventh biggest in the world, according to Global SWF. This concentration of capital, coupled with his role as the UAE’s national security advisor, brother to the country's president and deputy ruler of Abu Dhabi places him in a position of strategic and economic importance.

His influence, cultivated over two decades, has soared in recent years, particularly since 2024 with the launch of MGX, a fund driving significant investments in artificial intelligence (AI) and technology. Just last month, MGX announced a

A

NEW landmark $2bn equity investment in the world’s largest cryptocurrency exchange Binance, highlighting the UAE’s growing clout in the digital assets space. Under his chairmanship, G42 has secured major partnerships, including a $1.5bn investment from global tech giant Microsoft in 2024 aimed at advancing G42’s cuttingedge AI capabilities. G42’s collaborations with OpenAI, along with strategic ties to Satya Nadella, Sam Altman, Tim Cook, and Elon Musk, underscore Sheikh Tahnoon’s role in shaping AI ecosystems.

His influence extends far beyond Abu Dhabi. Last month, Sheikh Tahnoon met with US President Donald Trump and top American business leaders to announce a $1.4tn UAE-US investment initiative over the next decade, focused on AI infrastructure, semiconductors, energy, and manufacturing. Over his two-day stay in Washington, he also met with executives from Microsoft, Amazon, Palantir, Oracle, BlackRock, NVIDIA and xAI, strengthening the UAE’s relationships with key tech and financial players. The move is widely seen as cementing the UAE’s rising status as a global power.

ADQ, under his leadership, recently executed a $35bn deal in Egypt’s Ras El Hekma, acquiring $24bn worth of development rights while concurrently issuing a $2bn bond oversubscribed four times. The fund further sealed a $25bn agreement with Energy Capital Partners to power data centres in the US, demonstrating Abu Dhabi’s expanding influence in the energy and tech sectors.

His leadership extends beyond boardrooms, reflected in his professional cycling, jiu-jitsu mastery, and intellectual pursuits. His role on the Supreme Council for Financial and Economic Affairs further positions him as a chief architect of Abu Dhabi’s financial strategies.

We’ve introduced Sheikh Tahnoon as a new entrant at number one because his quiet, yet commanding rise is reshaping the financial and technological balance of power. In an age where AI is proving the most disruptive force of our lifetime, Sheikh Tahnoon stands at the centre of the UAE’s push to transform itself from an energy giant into a leading tech investor and innovator.

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SPECIAL REPORT

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: DIVERSIFIED 2024 RANK: 1 ORIGIN: UAE RESIDENCE: UAE SECTOR: ENERGY 2024 RANK: 2

02

DR SULTAN AL JABER MD AND GROUP CEO, ADNOC; AND CHAIRMAN, MASDAR AND EXECUTIVE CHAIRMAN, XRG

r Al Jaber continues to drive the UAE’s dual commitment to energy security and sustainability. In 2024 and early 2025, both ADNOC and Masdar have made significant strides in their respective sectors. Under his leadership, Masdar expanded its renewable energy capacity by 150 per cent to 51 GW, secured $8bn in equity, and developed seven major global projects, including Central Asia’s largest wind farm. This year, Masdar announced a $6bn, 5.2 GW solar and battery storage project in Abu Dhabi to deliver uninterrupted clean energy.

Simultaneously, ADNOC Group's publicly traded portfolio of six companies reported a total revenue of $49.7bn in 2024, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) reaching $16bn and net profit surpassing $9bn for the year. ADNOC Gas achieved $5bn in net income, while ADNOC Logistics & Services saw revenues climb by 29 per cent to $3.55bn. ADNOC Distribution reported its highest ever EBITDA of $1.05bn and record fuel volumes.

Speaking at CERAWeek 2025 recently, Dr Al Jaber emphasised the urgency of pragmatic solutions in the energy transition. His leadership reflects the UAE’s balanced approach — scaling renewables while optimisng the efficiency of conventional energy — to shape a more sustainable global energy future.

Furthermore, his leadership extends to clean energy initiatives through his role as chairman of Masdar, a pioneering clean energy company with a global footprint and investments exceeding $30bn.

Masdar’s renewable energy projects span across 40 countries and boast over 20GW of capacity.

Dr Al Jaber is also the UAE's Minister of Industry and Advanced Technology, UAE Minister of Industry and Advanced Technology.

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03

YASIR AL RUMAYYAN GOVERNOR, PUBLIC INVESTMENT FUND (PIF); AND CHAIRMAN, SAUDI ARAMCO

l-Rumayyan drives Saudi Arabia’s economic transformation in his role at PIF, aiming to make it the world’s largest sovereign wealth fund by 2030.

In 2023, PIF invested $31.6bn across 49 deals, a 33 per cent increase, acquiring companies like Scopely and expanding stakes in Aston Martin. PIF launched Alat for sustainable technology and saw its US equities grow by 18 per cent.

PIF’s commitment to sustainability is evident, with the fund ranking joint second globally and first in the Middle East in the Global SWF GSR Scorecard in 2024. In the same year, PIF was recognised as the world’s most valuable sovereign wealth fund brand, with a brand value of $1.1 bn and an A+ brand strength rating.

PIF is projected to reach $2tn in assets under management by 2030, reinforcing its growing global influence. More recently, PIF became an anchor investor in Goldman Sachs’ GCC funds, launched QSAS and Al Waha Duty-Free, and invested in tourism infrastructure. PIF’s sukuk programme allocated SAR9.435 bn, and it partnered with Italy's SACE for $3bn in potential projects. PIF’s 2024 investments also include stakes in TAWAL, Selfridges, and Heathrow Airport, and it has ventured into AI and space.

Al-Rumayyan is also chairman of Saudi Aramco, which reported a 12 per cent profit decrease in 2024 to $106.2bn due to lower oil prices, with 2025 dividends projected at $85.4bn. He also chairs Riyadh Air and holds board positions at Uber and Reliance, advancing Saudi’s Vision 2030.

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100 MOST POWERFUL ARABS 2025

04

HH SHEIKH AHMED BIN SAEED AL MAKTOUM CHAIRMAN AND CHIEF EXECUTIVE, EMIRATES GROUP, AND CHAIRMAN, EMIRATES NBD

heikh Ahmed holds strategic roles across Dubai’s key sectors, driving significant economic growth. As chairman and chief executive of Emirates Group, he led the company to a record half-year profit (before tax) of Dhs10.4bn for 2024-25, with revenue rising 5 per cent to Dhs70.8bn over the same period in the previous year. Emirates saw a 5 per cent revenue growth to Dhs62.2bn, while dnata’s revenue increased by 11 per cent to Dhs10.4bn.

Sheikh Ahmed is also chairman of Emirates NBD. The bank reported profit before tax of Dhs27.1bn in 2024. The bank expanded its regional presence and digital banking capabilities, with income exceeding Dhs44bn.

His leadership extends to Dubai Holding, which consolidated Nakheel and Meydan last year. He serves as president of Dubai Civil Aviation Authority and chairman of Dubai Airports, reinforcing Dubai’s status as a global aviation hub. Additionally, his role as the chairman of Expo City Dubai Authority highlights his commitment to sustainable development.

S

05

KHALDOON KHALIFA AL MUBARAK MANAGING DIRECTOR AND GROUP CEO, MUBADALA INVESTMENT COMPANY (MUBADALA)

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 3

l Mubarak has driven Mubadala Investment Company’s growth into a $302bn global powerhouse. As CEO, he’s expanded Mubadala’s reach to over 50 countries, with a focus on diverse and strategic investments.

In 2024, Mubadala emerged as the world’s leading sovereign wealth fund investor, deploying $29.2bn across 52 deals, a significant increase from 2023. Key milestones include Mubadala’s first renewable investment in Japan with PAG REN I, and investments in Zenobe, supporting fleet electrification. The company also issued its inaugural green bond, raising $750m.

Al Mubarak’s leadership extends beyond Mubadala. He chairs Manchester City FC, Melbourne City FC, and Mumbai City FC, and serves on the boards of ADNOC, Emirates Nuclear Energy Corporation, and others.

Mubadala’s strategic collaborations, including partnerships with Goldman Sachs and Apollo Global Management, highlight its commitment to exploring new investment avenues. The creation of MGX with G42 demonstrates a focus on deploying advanced technologies. Al Mubarak’s vision has positioned Mubadala as a leading global investor, driving sustainable growth and innovation.

A

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 05

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SPECIAL REPORT

100 MOST POWERFUL ARABS 2025

06

SAAD SHERIDA AL-KAABI, president and CEO, Qatar Energy; and chairman and MD, Industries Qatar

A

l-Kaabi's strategic vision has propelled the company to unprecedented achievements. This year witnessed QatarEnergy launching major projects across LNG, petrochemicals, and renewable energy sectors, marking a significant leap forward. This included the $6bn Ras Laffan Petrochemical Complex, a project poised to elevate Qatar’s petrochemical production to 14 million tonnes by 2026. Simultaneously, the world’s largest blue ammonia Plant, boasting a 1.2 million tonne capacity, was initiated in Mesaieed Industrial City, underscoring Qatar’s commitment to reducing CO2 emissions.

MOHAMED ALABBAR,

founder, Emaar and noon.com

A

labbar is a pivotal figure in Dubai's economic landscape. Since founding Emaar in 1997, he has transformed it into Dubai's largest listed developer. In 2024, Emaar achieved a record-breaking performance. Property sales surged to $17.8bn, a 75 per cent increase from 2023, with 62 new projects launched. Emaar Development's revenue rose by 61 per cent. Emaar's shopping malls, including the record-breaking Dubai Mall with 111 million visitors, generated $1.5bn in revenue. The company is also investing Dhs1.5bn to expand Dubai Mall with 240 new luxury stores. Emaar's hospitality sector saw $1bn in revenue.

Alabbar's entrepreneurial spirit is further demonstrated through noon.com, a leading e-commerce platform, and Zand Bank, a digital lender, where he serves as chairman.

ORIGIN: UAE RESIDENCE: UAE SECTOR: REAL ESTATE/ RETAIL 2024 RANK: 7

28

07

Moreover, QatarEnergy is aggressively expanding its LNG production capacity, targeting 142 million tonnes per year through the North Field West project and international ventures such as the Golden Pass Project in the US. Al-Kaabi further announced plans to double LNG production to nearly 160 million tonnes. The year was also marked by the forging of key deals, including a long-term LNG supply deal with Shell for China and a

partnership with TotalEnergies for a solar project in Iraq.

QatarEnergy’s diversified investments also extended to salt production, shipbuilding, and solar power, with ambitious plans to achieve 4,000 megawatts of solar capacity by 2030.

Industries Qatar, a joint stock company that Al-Kaabi also chairs, reported a net profit of QR4.5bn in 2024. The company operates in three distinct segments: steel, petrochemicals and fertilisers.

ORIGIN: QATAR RESIDENCE: QATAR SECTOR: DIVERSIFIED 2024: RANK: 4

AMIN H NASEER, president and CEO, Aramco

I

n four decades, Nasser has driven significant expansion at Aramco, the world's largest integrated oil and gas company. He has overseen strategic acquisitions, including Valvoline Global Operations. Aramco's 2024 revenue was $436bn, compared to $440.88bn in 2023.

The decrease was primarily driven by lower revenue and other income related to sales, higher operating costs. Despite this, Aramco maintains a significant market value, placing it among the world's most valuable companies. Its sukuk issuance in 2024 raised $3bn, showcasing strong investor confidence. Aramco maintains 99.7 per cent reliability as a crude oil supplier, advancing upstream projects to increase production capacity. The company is expanding its downstream and petrochemical operations, targeting four million barrels per day by 2030.

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: ENERGY 2024 RANK: 6

08

MOHAMED AL HAMMADI,

MD and CEO, Emirates Nuclear Energy Corporation (ENEC)

A

l Hammadi has spearheaded the Emirates Nuclear Energy Corporation (ENEC) since 2008, driving the UAE's Peaceful Nuclear Energy Program. His leadership culminated in the full operation of the Barakah Nuclear Energy Plant in September 2024, the Arab world's first nuclear energy facility.

The Barakah Plant contributes 5,600 megawatts, meeting 25 per cent of the UAE's electricity demand. ENEC recently partnered with newcleo to explore European lead-cooled fast reactor technology for MENA and European projects. In 2024, ENEC launched ENEC Consulting, a subsidiary leveraging ENEC's expertise to support global civil nuclear energy programmes. Al Hammadi also assumed the chairmanship of the World Nuclear Association in 2024.

ORIGIN: UAE RESIDENCE: UAE SECTOR: ENERGY 2024 RANK: 9

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10

ORIGIN: LEBANON/ MEXICO RESIDENCE: MEXICO SECTOR: TELECOMS 2024 RANK: 8

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 10

HH PRINCE ALWALEED BIN TALAL AL SAUD, chairman, Kingdom Holding Company

P

rince Alwaleed bin Talal Al Saud, a global business magnate, continues to shape industries through Kingdom Holding Company (KHC), the investment powerhouse he founded in 1980. Prince Alwaleed remains one of Saudi Arabia’s wealthiest individuals, often dubbed the “Warren Buffett of Arabia”.

Under his leadership, KHC maintains a diversified portfolio spanning technology, real estate, hospitality, media, and finance.

His investments include stakes in renowned companies such as Apple, Citigroup, and hospitality giants like Four Seasons and Fairmont. In 2024, KHC reported a net profit of SAR1.23bn, marking a 22.08 per cent year-on-year increase, despite an 11.57 per cent revenue decline to SAR2.39bn.

A key highlight of Alwaleed’s real estate ventures is the Jeddah Tower, set to be the world’s tallest building, reinforcing his commitment to innovation and Saudi Arabia’s Vision 2030. His focus on urban infrastructure and hospitality aligns with the kingdom’s ambition to become a premier global tourism destination.

Prince Alwaleed is also a philanthropist. Through Alwaleed Philanthropies, he has donated over $4bn to various causes.

11

C

arlos Slim Helú, one of the world’s most influential business magnates, began his entrepreneurial journey in 1965 with the incorporation of Inversora Bursátil, a stock brokerage firm. Over the decades, he built a vast empire spanning telecoms, finance, construction, consumer goods, mining, and real estate.

Helú is the honorary chairman of América Móvil, Latin America’s largest telecom company, which continues to thrive despite challenging market conditions. In Q4 2024, the company reported a revenue surge of 18 per cent to MXN237bn, with service revenue up 19.1 per cent and EBITDA growing 16.4 per cent to MXN91bn. América Móvil surpassed 400 million access lines, with 323 million wireless subscribers and 35 million broadband accesses, reflecting a 4.7 per cent year-on-year growth. Mobile service revenue expanded 6.2 per cent, driven by strong performance in Brazil, Colombia, Ecuador, and Peru.

Helú and his family maintain a dominant 76 per cent stake in Grupo Carso, one of Latin America’s most influential conglomerates, reinforcing their leadership across multiple industries.

13 ORIGIN: UAE RESIDENCE: UAE SECTOR: LOGISTICS 2024 RANK: 11

SULTAN AHMED BIN SULAYEM, group

chairman and CEO, DP World

S

CARLOS SLIM HELÚ, honorary

chairman, América Móvil

ulayem has transformed DP World into a global logistics powerhouse. With over $11bn invested in the past decade, DP World is a top global investor, operating in 70 countries and six continents. Dubai's Jebel Ali Port, DP World's flagship, connects over 150 ports globally.

Under his leadership, DP World achieved record 2024 revenue of $20bn, a 9.7 per cent increase, and a 6.7 per cent rise in EBITDA to $5.5bn. A major milestone is surpassing 100 million TEUs in container capacity, reflecting a 33 per cent growth since 2014. Strategic investments include expansions in London Gateway, Peru, India, and new projects in Senegal and India. Acquisitions like the Dar es Salaam Port enhance its emerging market presence. In Saudi Arabia, DP World has significantly expanded the South Container Terminal at Jeddah Islamic Port. Sulayem is also chairman of Dubai’s Ports, Customs and Free Zone Corporation.

ORIGIN: QATAR RESIDENCE: QATAR SECTOR: FINANCE 2024 RANK: 14

ABDULLA MUBARAK AL-KHALIFA, group CEO, Qatar National Bank

A

l-Khalifa is a prominent figure in the Middle East and African financial sector, serving as the group CEO of Qatar National Bank (QNB). Under his leadership, QNB has continued to demonstrate robust growth and financial strength.

In 2024, QNB reported total assets of QAR1.29tn ($357bn), a 5 per cent increase from the previous year. The bank’s net profit for the year reached QAR16.7bn, an 8 per cent rise compared to the previous year.

Al-Khalifa’s strategic vision has maintained QNB’s position as one of the largest financial institutions in the MEA region. The bank’s efficiency ratio stood at 22.3 per cent, among the best in the region. QNB also maintains a strong financial position with a low non-performing loans ratio of 2.8 per cent and a loan loss coverage ratio of 100 per cent.

In addition to his role at QNB, Al-Khalifa also serves on the board of telecom operator Ooredoo Qatar.

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16 14 ORIGIN: UAE RESIDENCE: UAE SECTOR: FINANCE 2024 RANK: 13

ABDUL AZIZ AL GHURAIR, chairman, Mashreq

A

s chairman of Mashreq Bank, Al Ghurair has guided the institution toward innovation, overseeing its expansion into digital operations in Pakistan and sports sponsorships. Under his leadership, Mashreq’s net profits grew by 4 per cent in 2024, reaching Dhs9.01bn, with operating income rising by 24 per cent.

In addition to his banking role, Al Ghurair is on the Board of Directors of the Abdullah Al Ghurair Group of Companies, one of the region’s largest business conglomerates. He also serves as chairman of Dubai Chambers, driving initiatives to support businesses and enhance Dubai’s economic standing. As chairman of the UAE Banks Federation, he plays a crucial role in strengthening the banking sector.

Al Ghurair’s philanthropic efforts are equally impactful. As chairman of the Abdulla Al Ghurair Foundation for Education, he supports quality education for Emirati and Arab youth, empowering them to contribute to the region’s development.

ORIGIN: QATAR RESIDENCE: QATAR SECTOR: DIVERSIFIED

MOHAMMED SAIF AL-SOWAIDI,

CEO, Qatar Investment Authority (QIA)

NEW

M

ohammed Saif Al-Sowaidi, replaced Mansoor Ebrahim Al-Mahmoud as CEO in November 2024. As CEO, he leads one of the world’s largest sovereign wealth funds (SWFs), with assets under management (AUM) exceeding $500bn in 2024. Like other SWFs in the Gulf, QIA plays a vital role in shaping Qatar’s economy.

Prior to assuming the CEO role, Al-Sowaidi served as QIA’s CIO of Americas, where he directed the fund’s investments across diverse asset classes within the region. His extensive experience at QIA began in 2010, and during his tenure, he held several key positions in private equity funds and technology, media, and telecommunications, and industrials portfolios. From 2015 to 2020, he also served as president of QIA Advisory (US). Al-Sowaidi’s career in finance extends beyond QIA. Before joining QIA, he served as director of Corporate Banking at Masraf Al-Rayan from 2006 to 2010.

He has also worked at ExxonMobil Treasury in Qatar from 2004 to 2006.

17 ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 16

15 ORIGIN: UAE RESIDENCE: UAE SECTOR: FINANCE 2024 RANK: 15

HANA AL ROSTAMANI, group CEO First Abu Dhabi Bank

H

ana Al Rostamani is a pioneering leader in the banking sector. Under her leadership, FAB has reinforced its position as a powerhouse in regional and global banking, achieving sustained growth and resilience.

First Abu Dhabi Bank (FAB) achieved solid results in 2024 with group net profit reaching Dhs17.1bn, up 4 per cent year on year, driven by a 15 per cent increase in revenue to Dhs31.6bn.

This year, the bank also received final approval from the Ministry of Human Resources and Emiratisation (MOHRE) and the Securities and Commodities Authority (SCA) to launch its FAB End of Service Benefits Funds, which are now available to all private sector entities across the UAE. Beyond banking, Al Rostamani is a board member of the UAE-based AW Rostamani Group, reflecting her influence across multiple industries.

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MOHAMMED IBRAHIM AL SHAIBANI,

managing director, Investment Corporation of Dubai

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nder Al Shaibani, the Investment Corporation of Dubai (ICD) achieved its best-ever results in 2023, with a record net profit of Dhs60.8bn, up 68 per cent from the previous year, and total assets reaching Dhs1.32tn. The record revenues of Dhs310.2bn were driven by robust growth in transportation, banking, and financial services, while real estate and hospitality continued to show strong momentum.

Beyond ICD, Shaibani is also the chairman of Dubai Islamic Bank (DIB). In 2024, DIB posted a total income of Dhs23.3bn, a 16 per cent year-on-year increase. The bank also expanded its global footprint by increasing its stake in a digital bank in Türkiye to 25 per cent.

As chairman of Nakheel, Shaibani is driving the Palm Jebel Ali project, one of Dubai’s most visionary developments. Covering 13.4 kilometers with 110 kilometres of coastline, the project aims to accommodate 35,000 families, contributing to the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan. Recent contracts have been awarded for key infrastructure, including a six-kilometre public access road linking Palm Jebel Ali to Sheikh Zayed Road and major roadway enhancements.

100 MOST POWERFUL ARABS 2025

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SARAH BINT YOUSIF AL AMIRI, UAE Minister of Education

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efore her present position as Minister of Education, Al Amiri was Minister of State for Public Education and Advanced Technology, and Minister of State for Advanced Sciences. She also served as the former chair of the UAE Space Agency. She played a crucial role in the UAE's space programme, helping to lead the development of the Hope probe project – the Arab world’s first mission to Mars. Al Amiri was formerly the head of research of development at MBRSC, where she

established the centre’s knowledge management, strategic research and product assurance functionalities.

She joined MBRSC in 2009 as a software developer and worked on both DubaiSat-1 and DubaiSat-2. She was also part of the initial team that set up the KhalifaSat programme. Al Amiri also chairs the Emirates Scientists Council. She leads the Fourth Industrial Revolution Council, where she oversees initiatives to integrate advanced technologies into various sectors.

ORIGIN: UAE RESIDENCE: UAE SECTOR: SCIENCE AND EDUCATION 2024 RANK: 17

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SALEM HUMAID AL MARRI, director general, Mohammed Bin Rashid Space Centre (MBRSC)

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l Marri’s leadership has been pivotal in advancing the nation’s space initiatives, including the Mars 2117 project, the Emirates Mars Mission, the UAE Astronaut Programme, and the UAE Satellite Programme.

In 2025, under AlMarri’s guidance, MBRSC achieved significant milestones. The successful launch of Etihad-SAT enhanced the UAE’s Earth observation capabilities by providing high-resolution images in all

weather conditions. Additionally, the launch of MBZ-SAT, fully developed by Emirati engineers, marked a transformative step in the nation’s space exploration journey.

Al Marri’s focus on fostering global partnerships — such as the agreement between NASA and MBRSC to provide an airlock for Gateway, the first space station to orbit the Moon — has propelled the UAE to a strong position in the global space sector.

ORIGIN: UAE RESIDENCE: UAE SECTOR: SPACE 2024 RANK: 18

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LUBNA SULIMAN OLAYAN, chairperson, Saudi Awwal Bank (formerly Saudi British Bank)

layan is a prominent figure in Saudi's financial sector, serving as chairperson of Saudi Awwal Bank (SAB). Under her stewardship, SAB has achieved robust financial results. In 2024, the bank recorded a net profit after zakat and income tax of SAR8.07bn, a 15 per cent increase from the previous year. Total operating income also rose by 10 per cent, reaching SAR14.018bn. Net loans and advances surged to SAR259bn, marking a

20 per cent year-on-year increase.

Olayan's strategic direction has led to strong revenue growth, solid loan performance, and a return on tangible equity of 16 per cent.

She has also emphasised innovation, establishing a department for financial innovation and launching initiatives in areas like CBDC, Quantum Computing, and open banking.

Beyond financial performance, Olayan is a staunch advocate for women's empowerment.

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 19

SPECIAL REPORT

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ESSA KAZIM, governor, DIFC

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ssa Kazim is a pivotal figure driving the Dubai International Financial Centre's (DIFC) remarkable growth. He has overseen a period of significant expansion, marked by a 25 per cent year-on-year increase in active companies, reaching 6,920 in 2024. Under Kazim's leadership, DIFC has achieved record financial results, with total revenue hitting Dhs1.78bn in 2024, a 37 per cent increase from the previous year. Operating profits also soared by 55 per cent to Dhs1.33bn. The centre recorded 1,823 new registrations in 2024, the highest annual figure to date.

Kazim's strategic vision has positioned DIFC as a hub for innovation, particularly in technology and AI. The launch of the Dubai AI Campus and the Dubai AI licence has attracted numerous companies, contributing to a 38 per cent growth in the technology and innovation sector. Beyond DIFC, Kazim serves as chairman of Borse Dubai and vice chairman of e&, solidifying his influence in the region's financial and telecommunications sectors.

ORIGIN: UAE RESIDENCE: UAE SECTOR: FINANCE 2024 RANK: 20

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ORIGIN: UAE RESIDENCE: UAE SECTOR: TOURISM/ REAL ESTATE 2024 RANK: 21

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FMCG 2024 RANK: 23

MOHAMED KHALIFA AL MUBARAK,

chairman, Department of Culture and Tourism, Abu Dhabi, and chairman, Aldar Properties

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l Mubarak has been instrumental in transforming Abu Dhabi into a thriving cultural and tourist destination since assuming its leadership in 2015. Under his guidance, Abu Dhabi has seen significant growth in its tourism sector, welcoming 4.8 million hotel guests and over 3.9 million visitors to its cultural sites in 2024. Al Mubarak's strategic vision has driven a 26 per cent increase in international hotel guests and a 21 per cent rise in cultural site visitors compared to 2023. These achievements are aligned with Abu Dhabi’s Tourism Strategy 2030, which aims to attract 39.3 million visitors and contribute Dhs90bn to the GDP by 2030. Beyond DCT Abu Dhabi, Al Mubarak chairs Aldar Properties, a leading real estate developer. Aldar recorded a net profit of Dhs6.5bn in 2024, a 47 per cent surge, driven by record development sales of Dhs33.6bn and strong international buyer appeal. He also chairs Miral Asset Management, twofour54, and Image Nation Abu Dhabi, further solidifying his influence across Abu Dhabi’s key sectors.

23 ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: TOURISM 2024 RANK: 22

HH PRINCE NAIF BIN SULTAN BIN MOHAMMED BIN SAUD AL KABEER, chairman, Almarai

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rince Naif is the visionary behind Almarai's remarkable ascent as a global food and beverage leader. Almarai has demonstrated exceptional growth, reporting a 16 per cent year-on-year increase in net profit to SAR2.04bn in 2023, followed by a further 12.88 per cent increase to SAR2.31bn in 2024. Sales also rose to SAR20.97bn in 2024. Almarai, recognised as the fourth most valuable dairy company globally by Brand Finance for two consecutive years, boasts a brand value of $3.9bn, showcasing the impact of his leadership. With a market value exceeding SAR56bn on the Saudi Stock Exchange, Almarai stands as the world's largest vertically integrated dairy company and a leading food and beverage producer and distributor in the Middle East. Prince Naif's vision has driven Almarai's expansion across nine countries on five continents, serving over 150 million consumers. The company's diverse portfolio of over 670 products, underscores its commitment to quality and innovation.

25 ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 24

SAEED MOHAMMED ALGHAMDI, chairman, Saudi National Bank

FAHD HAMIDADDIN, CEO, Saudi Tourism Authority

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ntrusted with the mandate to elevate both domestic and international visitor numbers, Hamidaddin has spearheaded initiatives that have yielded significant growth.

Under his leadership, Saudi Arabia welcomed a record-breaking 27.6 million overnight tourists in 2023, a figure that further increased to 30 million foreign tourists in 2024, marking a 9 per cent year-on-year growth. Hamidaddin's vision aligns with Saudi Vision 2030, which aims to attract 70 million international visitors annually by 2030. To support this growth, significant investments are being made in the hospitality sector, with plans to add 362,000 new hotel rooms by 2030.

The kingdom's hosting of major international events, such as the 2029 Asian Winter Games, World Expo 2030, and the FIFA World Cup 2034, is expected to further boost tourism. This, coupled with the development of Riyadh Air, reinforces Saudi Arabia's commitment to becoming a global hub for leisure, business, and mega-events.

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lghamdi is a dynamic leader driving the kingdom's largest financial institution. Assuming the chairmanship in March 2023, he has been instrumental in SNB's continued success and growth. Under his stewardship, SNB, formed from the merger of National Commercial Bank and Samba Financial Group, has demonstrated robust financial performance. In 2023, the bank reported a net profit of SAR20bn, marking a 4 per cent increase. This growth accelerated in 2024, with SNB achieving a 5.9 per cent rise in net profit, reaching SAR21.2bn, propelled by increased operating income.

Alghamdi brings a wealth of experience to his role. His prior leadership positions include chairman of Jabal Omar Development Company, a major Saudi real estate developer, and Manga Productions. He also serves as a board member of the Mohammed bin Salman Foundation, contributing to the kingdom's strategic development initiatives.

100 MOST POWERFUL ARABS 2025

SARAH AL SUHAIMI,

chairperson and managing director, Easa Saleh Al Gurg Group (ESAG)

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arah Al Suhaimi is a key figure in Saudi Arabia's capital market. Her leadership has propelled the group, which encompasses subsidiaries like the Saudi Exchange and Muqassa, to new heights. Under her guidance, the Saudi Tadawul Group has witnessed remarkable growth. By 2024, Tadawul captured 62 per cent of the region's market cap, outpacing other exchanges in trading value and turnover ratio. Financially, the Saudi Tadawul Group has shown exceptional performance in 2024, achieving operating revenues of SAR1.4bn, a 34.8 per cent increase, and a net profit of SAR621.8m, a 59.4 per cent increase. In 2024, Saudi Tadawul Group completed the acquisition of a 32.6 per cent strategic stake in DME Holdings, rebranding it as the Gulf Mercantile Exchange.

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 25

MOHAMED SALAH, footballer, Liverpool FC

DR RAJA AL GURG,

chairperson of the Board of Directors at Saudi Tadawul Group

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r Al Gurg has steered the diverse conglomerate, with over 25 companies across retail, construction, and real estate, towards significant expansion. ESAG has expanded into new verticals like logistics and marcomms, solidifying its presence across the UAE, Saudi Arabia, and Oman. In her capacity as deputy chairperson of the National Bank of Fujairah (NBF), she has played a pivotal role in the bank's record-breaking performance. NBF reported a net profit after tax of Dhs850.1m for 2024, driven by robust business growth and effective management. Beyond her corporate achievements, Dr Al Gurg founded the Dubai Business Women Council. Her contributions have also been recognised internationally; she has received France's Legion of Honor Chevalier.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 26

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AYMAN MOHAMMED AL-SAYARI, governor, Saudi Central Bank (SAMA)

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l-Sayari is a key figure in Saudi Arabia's economic landscape. His career at SAMA, which began in 1999, is marked by significant achievements, notably his pivotal role in shaping the kingdom's sovereign debt strategy and fostering closer ties with international monetary authorities, particularly in China and Hong Kong, to bolster Saudi Arabia's economic transformation.

Under his leadership, SAMA's reserve assets have seen substantial growth, reaching SAR1.754tn by mid-2024, demonstrating a 5.5 per cent annual

SPECIAL REPORT

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alah, the "Egyptian King”, continues to be a force to be reckoned with in the Premier League. He is one of the most prolific goal-scorers in Liverpool FC's history. In the 2024-2025 season, Salah remained a key figure, contributing significantly to Liverpool's campaign.

Notably, he surpassed David Beckham in the top 10 for assists in the Premier League. Salah's overall career stats are nothing short of impressive. Across eight seasons in the Premier League, he has amassed an incredible 182 goals and 85 assists in 279 games. With Liverpool, he has played 391 games, scoring 242 goals and providing 112 assists across all competitions. In 2018, Salah became the first Liverpool player to win the FIFA Puskas Award for his goal against Chelsea. In 2022, he signed a new contract with the club, extending his stay at Anfield until 2025.

ORIGIN: EGYPT RESIDENCE: UK SECTOR: SPORTS 2024 RANK: 29

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increase. Moreover, SAMA's total assets reached nearly SAR1.88tn by December 2024.

Al-Sayari also spearheaded the introduction of the new Saudi riyal (SAR) symbol, a move aimed at strengthening the currency's global identity and reflecting Saudi Arabia's cultural heritage.

His influence extends beyond monetary policy, as he serves on numerous boards, including the Public Investment Fund (PIF) and the Saudi Fund for Development, contributing to the kingdom's broader economic and developmental goal.

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 30

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SPECIAL REPORT

100 MOST POWERFUL ARABS 2025

HELAL AL MARRI, director general, Dubai's Department of Economy and Tourism (DET)

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l Marri is responsible for the planning, oversight and delivery of Dubai’s vision and targets for the tourism sector, which welcomed 18.72 million overnight visitors to the emirate in 2024. This marked a 9 per cent yearover-year increase. Al Marri is pivotal in realising the UAE 2031 Tourism Strategy, targeting 40 million visitors and a Dhs450bn GDP contribution. He has been successful in aligning DET's efforts with Dubai's D33 strategy, fostering foreign investment

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and SME growth. As head of the Dubai World Trade Centre Authority (DWTCA), he is responsible for developing the centre’s strategic and development plans that aim to position Dubai as a leading global MICE destination. Al Marri is mandated to manage various sides of the business including exhibitions and conferences; real estate; and hospitality – all collectively driving towards the company’s growth strategy in line with Dubai’s vision to create a global platform for business tourism.

ORIGIN: UAE RESIDENCE: UAE SECTOR: TOURISM 2024 RANK: 31

HH SHEIKHA AL MAYASSA BINT HAMAD BIN KHALIFA AL THANI,

chairperson, Qatar Museums

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heikha Al Mayassa continues to shape Qatar’s cultural, educational, and philanthropic landscape. As chairperson of Qatar Museums, the Doha Film Institute, Reach Out to Asia, and Qatar Leadership Centre, she champions initiatives that bridge local heritage with global conversations. Over the past year, she has further strengthened Qatar Museums’ focus on cultural preservation, environmental education, and nurturing artistic talent. Through the Doha Film Institute, she promotes regional storytelling and industry development, hosting key events like the Ajyal Film Festival. Her leadership at Qatar Leadership Centre fosters executive education, while Reach Out to Asia expands access to quality education for youth affected by crises.

ORIGIN: QATAR RESIDENCE: QATAR SECTOR: CULTURE AND SOCIETY 2024 RANK: 32

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SULTAN ALNEYADI, astronaut

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ultan AlNeyadi made history in 2023 when he arrived at the International Space Station (ISS) as part of NASA’s SpaceX Crew-6 mission, becoming the first Arab to perform a spacewalk and the second Emirati astronaut to travel to space. During his six-month mission, he collaborated with international space agencies on vital scientific research.

After returning to Earth, AlNeyadi was appointed UAE Minister of State for Youth Affairs and later became vice chairman of the Arab Youth Centre, advancing youth empowerment initiatives. In June 2024, AlNeyadi took part in a moonwalk simulation at NASA’s Johnson Space Center in Houston, Texas. Conducted underwater in the Neutral Buoyancy Laboratory, the training is part of NASA’s Artemis programme, underscoring his ongoing prominent role in space exploration and inspiring Arab youth leadership.

ORIGIN: UAE RESIDENCE: UAE SECTOR: SPACE 2024 RANK: 27

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REEM AL HASHIMY,

CEO, Expo City Dubai Authority

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l Hashimy remains a leading force in the UAE’s diplomacy and sustainability agenda. As CEO of Expo City Dubai, she oversaw the successful hosting of COP28, reinforcing the city’s role in climate action.

At the 2023 UN General Assembly, she urged global leaders to focus on practical, multilateral solutions to climate change, aligning with COP28’s outcomes. In November 2024, she represented the UAE President at the APEC Economic Leaders’ Week in Peru, strengthening ties with the Asia-Pacific region. Al Hashimy also continues her roles as UAE Minister of State for International Cooperation, chair of the UAE’s National SDG Committee, and chair of Dubai Cares, advancing humanitarian initiatives, youth empowerment, and the UAE’s sustainable development priorities on the global stage.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 28

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36 ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: DIVERSIFIED 2024 RANK: 35

34 ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: INDUSTRY 2024 RANK: 34

ABDULRAHMAN SALEH AL-FAGEEH, CEO, SABIC

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l-Fageeh has strengthened SABIC’s position amid headwinds in the global petrochemical sector. In 2024, SABIC returned to profitability, posting SAR1.5bn ($400m) net profit after a SAR2.8bn loss in 2023. Revenues slightly dipped to SAR140bn, while sales volumes declined to 45.1 million metric tonnes. However, higher average selling prices helped offset market pressures. Al-Fageeh remains focused on long-term resilience, committing up to $4bn for capital projects. Beyond SABIC, he chairs SABIC Agri-Nutrients and Nusaned Investment, and serves on key boards such as the Royal Commission for Jubail and Yanbu. Internationally, he continues to advance SABIC’s global footprint, notably through strategic ventures like the Fujian Petrochemical Complex in China.

MOHAMMED ABDUL LATIF JAMEEL KBE, chairman, Abdul Latif Jameel

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ameel chairs the 80-year-old network of internationally diversified businesses active in sectors such as mobility, energy and water, financial services, investments and health.

It is present in 30 markets across six continents, employing over 11,000 people from over 80 nationalities. In December 2024 and January, Jameel Motors signed distribution agreements with China’s Farizon Auto to distribute new energy commercial vehicles in multiple countries, including the UK and Australia. In March and April, it signed distribution agreements to enter the South African and Polish markets, with plans to distribute Changan Automobile vehicles in the former and GAC vehicles in the latter. In January 2024, Jameel Health acquired a majority stake in Genpharm. Since acquiring Spanish renewables firm FRV in 2015, Jameel Energy has broadened its clean energy footprint across Europe.

37 ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: TELECOMS 2024 RANK: 41

35 ORIGIN: LEBANON RESIDENCE: UAE SECTOR: CULTURE AND SOCIETY 2024 RANK: 33

ELIE HABIB AND EDDY MAROUN Co-Founders, Anghami

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ounded in Beirut in 2012 by Elie Habib and Eddy Maroun, Anghami has evolved into the leading music and video streaming platform in MENA, with more than 70 million users worldwide. Anghami operates on a freemium model, offering millions of Arabic and international tracks alongside premium subscription options.

In 2024, Habib and Maroun were part of Anghami’s $50m merger with OSN+, bringing together over 100 million songs and 18,000 hours of video content. Since the merger, video subscriber numbers rose 18.3 per cent, boosted by partnerships with Noon, Mobily, and exclusive Warner Bros. Discovery content. Nasdaq-listed Anghami, now majority-owned by OSN Group, continues to dominate the region’s digital entertainment landscape under their leadership.

OLAYAN MOHAMMED ALWETAID

group CEO, STC Group

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lwetaid continues to lead stc Group’s impressive growth trajectory. In 2024, stc reported a net profit surge of 85.7 per cent year-on-year to SAR24.69bn ($6.59bn), driven by strong subsidiary growth and operational efficiencies. Revenues climbed to SAR75.89bn, supported by major contracts including a SAR32.6bn telecom infrastructure deal. Under Alwetaid, stc finalised the sale of a 51 per cent stake in TAWAL to PIF, advancing plans to create a global telecom infrastructure giant. Internationally, stc raised its stake in Spain’s Telefónica to 9.97 per cent, securing a board seat. The group also launched a digital bank and expanded partnerships with Saudi gigaprojects. Alwetaid, CEO since 2021, has positioned stc as the Middle East’s most valuable telecom brand, valued at SAR60.4bn in 2024.

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ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 39

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 38

SHEIKH SULAIMAN BIN ABDULAZIZ ALRAJHI, co-founder, Alrajhi Bank

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t 96, Sheikh Sulaiman bin Abdulaziz Alrajhi remains the pioneering co-founder behind Al Rajhi Bank, now the world’s largest Islamic lender. Though the bank is currently chaired by Abdullah bin Sulaiman Al Rajhi, Sheikh Sulaiman’s legacy continues to shape its growth. In 2024, Al Rajhi Bank reported a 19 per cent rise in net profit to SAR19.72bn ($5.26bn), with assets reaching SAR944bn and its financing portfolio growing 17 per cent. The bank’s global presence includes over 500 branches across Saudi Arabia, Malaysia, Jordan, and Kuwait. Known for his philanthropy, Sheikh Sulaiman donated much of his fortune, including his near-20 per cent stake in the bank, to a charitable endowment bearing his name, reinforcing his commitment to social impact alongside financial leadership.

MOHAMED ALI AL SHORAFA AL HAMMADI, chairman, Department of Municipalities and Transport (DMT) and Etihad Aviation Group

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l Hammadi plays a key role in shaping Abu Dhabi’s economic and infrastructure landscape. A member of the Abu Dhabi Executive Council, he currently serves as chairman of the Department of Municipalities and Transport (DMT), overseeing major projects spanning transport, real estate, and urban development. He is also chairman of Etihad Aviation Group, Abu Dhabi Housing Authority, Securities and Commodities Authority, ADX, and Khalifa Fund, among others.

Additionally, he is vice-chairman of ADGM and sits on the boards of GCAA, Etihad Rail, and ADTC. Prior to these roles, He was chairman of ADDED and CEO of UEMedical. He holds an MBA from London Business School and has completed executive programmes at Harvard Business School and MIT Sloan, reflecting his leadership in both public service and business development.

39 ORIGIN: KUWAIT RESIDENCE: KUWAIT SECTOR: TELECOMS 2024 RANK: 40

BADER NASSER AL-KHARAFI, vice chairman and CEO, Zain Group

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l-Kharafi continues to steer Zain Group to record-breaking performance. In 2024, Zain Group achieved a 15-year high with consolidated revenues reaching KD2bn ($6.4 bn). The normalised net income grew by 15 per cent year-overyear, amounting to KD208m ($677m). Zain also distributed interim dividends of KD43.3m ($141.5m), reflecting financial strength. Al-Kharafi oversees operations in eight countries, serving 47.2 million customers. Zain expanded its fintech footprint, launching the Shariah-compliant Bede platform and recording 13 per cent fintech revenue growth. ZainTECH’s revenue surged 92 per cent, bolstered by regional expansion and acquisitions.

Al-Kharafi additionally chairs Gulf Bank and sits on key boards, including Coca-Cola (Kuwait), Boursa Kuwait, and Foulath Holding. Under his leadership, Zain remains focused on its ‘4Sight’ strategy, driving profitability, technological leadership, and digital innovation across the MENA region, while strengthening enterprise, fintech, and ESG initiatives.

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41 ORIGIN: EGYPT RESIDENCE: UAE SECTOR: TELECOMS 2024 RANK: 45

HATEM DOWIDAR, group CEO, e&

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owidar continues to lead e& through its most transformative period yet. In 2024, the group posted record consolidated net profits of Dhs10.8bn, up 4.3 per cent year-on-year, with revenues rising 10.1 per cent to Dhs59.2bn. Dowidar’s strategic focus saw e& expand its footprint into Central and Eastern Europe via its majority acquisition of PPF Telecom’s assets, adding 10 million subscribers. The group’s total subscriber base grew to 189.3 million across three continents. Investments in AI ecosystems, cloud services, and Emiratisation also defined the year. Dowidar’s leadership has been pivotal in e&’s evolution from a telecom operator to a global technology powerhouse, delivering strong shareholder returns and spearheading digital transformation across its markets.

100 MOST POWERFUL ARABS 2025

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KHALAF AL HABTOOR, founding chairman, Al Habtoor Group (AHG)

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l Habtoor is one of the UAE’s most prominent businessmen, leading the Dubai-based Al Habtoor Group across hospitality, automotive, real estate, and education sectors.

In 2024, he announced the launch of Al Habtoor Tower, an 81-storey residential skyscraper featuring 1,701 luxury units, set to be one of Dubai’s tallest residential buildings. The group’s real estate portfolio continues to expand, including the 283-unit

Jumeirah waterfront development unveiled last year. Internationally, Al Habtoor maintains business interests across the UK, US, Austria, Hungary, and Lebanon. However, in early 2025, he announced the cancellation of all planned investments in Lebanon, citing instability concerns. Al Habtoor has also reiterated his openness to potentially listing some group subsidiaries, reflecting strategic flexibility in the evolving UAE market landscape.

SPECIAL REPORT

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ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 36

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FAISAL AL BANNAI, chairman, EDGE Group

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l Bannai is an Emirati businessman, currently serving as the chairman of the board of directors at EDGE Group, a leading advanced technology conglomerate in the UAE. Under his leadership since its inception in 2019, EDGE has expanded, boasting a product portfolio that grew from 30 to over 200 solutions across air, land, sea, and cyber domains. This growth has positioned EDGE as a major player in the global defence industry,

with an order backlog worth $12.8bn as of December 2024. Under his helm, acquisitions and partnerships have extended EDGE’s reach into 91 countries. Notably, he has overseen the development of cost-effective unmanned systems, such as the Jeer UAV, aligning with global defense trends. Beyond EDGE, Al Bannai contributes to the UAE’s technological advancement as the Secretary-General of the Advanced Technology Research Council.

ORIGIN: UAE RESIDENCE: UAE SECTOR: TECHNOLOGY 2024 RANK: 43

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MOHAMMED ALSHAYA, executive chairman, Alshaya Group

lshaya continues to lead Kuwait-based Alshaya Group’s expansive retail operations across MENA, Türkiye and Europe. Founded in 1890, the conglomerate now manages over 70 globally recognised brands including Starbucks, H&M, The Cheesecake Factory and Victoria’s Secret. In 2024, the group partnered with Trendyol to strengthen its digital presence in the GCC. It also launched the Disney Store in the UAE, opening outlets in Yas Mall and Dubai Mall. Alshaya’s

commitment to corporate responsibility remains strong; in 2024, the group, alongside the Starbucks Foundation, pledged $6m towards youth empowerment programmes across MENA and Türkiye.

Furthermore, Alshaya Group achieved 'Great Place to Work' certification across several markets, recognising its focus on employee wellbeing. Under Alshaya’s leadership, the group continues to evolve as a regional retail powerhouse.

ORIGIN: KUWAIT RESIDENCE: KUWAIT SECTOR: RETAIL 2024 RANK: 42

MOHAMED MANSOUR,

founder and board member, Mansour Group

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ir Mansour is the founder and chairman of Man Capital LLP, a London-based family office investment firm. Under his leadership, Mansour Group has become one of Egypt’s largest conglomerates, with exclusive distribution rights for Caterpillar and General Motors across multiple African countries. In May 2023, Mansour led a $500m investment to establish San Diego FC, Major League Soccer’s 30th franchise, set to debut in 2025. Beyond business, he served as Egypt’s Minister of Transportation from 2005 to 2009. In March 2024, Mansour was knighted in the UK for his contributions to business, charity, and political service. His philanthropic efforts include supporting educational initiatives, notably at North Carolina State University, his alma mater.

ORIGIN: EGYPT RESIDENCE: EGYPT SECTOR: DIVERSIFIED 2024 RANK: 44

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SPECIAL REPORT

100 MOST POWERFUL ARABS 2025

MOHAMED JUMA AL SHAMISI, managing director

KARIM AWAD, group CEO and chairman of the Executive Committee, EFG Holding

and CEO, AD Ports Group

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l Shamisi continues to lead AD Ports Group’s rapid expansion in global logistics. In 2024, the group posted record results, with revenue rising 48 per cent year-on-year to Dhs17.29.bn, while net profit climbed 31 per cent to Dhs1.8bn. Container throughput reached 5.3 million twenty-foot equivalent units (TEUs), up 8 per cent, and general cargo volumes hit 45 million tonnes. Cruise passenger numbers surged 125 per cent, reinforcing AD Ports’ role in regional tourism. Al Shamisi has overseen the company’s strategic acquisitions and infrastructure investments, positioning it as a key enabler of Abu Dhabi’s economic vision. Since its IPO in 2022, the group has accelerated growth across shipping, logistics, and industrial zones, strengthening its presence across the Middle East, Africa, and Central Asia.

ORIGIN: UAE RESIDENCE: UAE SECTOR: LOGISTICS 2024 RANK: 46

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NAYLA HAYEK, chairperson, Swatch Group; and president and CEO, Harry Winston

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ayek has been at the helm of Swatch Group since 2010, guiding it as one of the world’s largest luxury goods manufacturers. In 2024, the group faced challenges, with net sales declining by 14.6 per cent to CHF6.74bn and net profit dropping to CHF219m from CHF890m in the previous year.

Despite these setbacks, Hayek’s leadership continues to influence the luxury watch industry. She also serves as president and CEO of Harry Winston, a role she assumed in 2013 following Swatch Group’s acquisition of the luxury jeweller.

Beyond her corporate responsibilities, Hayek is an international Arabian horse judge and breeder, reflecting her diverse interests and commitments.

ORIGIN: SWITZERLAND RESIDENCE: SWITZERLAND SECTOR: RETAIL 2024 RANK: 37

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NASSEF SAWIRIS, executive chairman, OCI and co-owner, Aston Villa FC

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awiris is an Egyptian billionaire and influential investor with a diverse portfolio spanning various industries. As of January, his net worth is estimated at $9.17bn, making him Egypt’s wealthiest individual. Sawiris serves as executive chairman of OCI Global, a leading chemical and fertiliser producer, where he has overseen strategic asset divestments totalling $11.6bn, including the sale of its methanol business to Methanex for approximately $2bn. In December 2023, he

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nder Awad's leadership, the group achieved record revenues of approximately $545m in 2024, marking a 66 per cent year-onyear growth.

This impressive performance was driven by robust growth across all three verticals: the Investment Bank (EFG Hermes), the Non-Bank Financial Institutions platform (EFG Finance), and the Commercial Bank (Bank NXT).

The group’s net profit after tax and minority interest soared by 71 per cent year-on-year, reaching an all-time high of around $105.3m. Total assets stood at EGP186.9bn as of December 2024.

Awad’s ability to navigate a rapidly evolving economic landscape has been pivotal in reinforcing EFG Holding’s position as a leading financial institution in the region.

ORIGIN: EGYPT RESIDENCE: EGYPT SECTOR: FINANCE 2024 RANK: 47

49 announced plans to relocate his family office, NNS Group, to the Abu Dhabi Global Market, aiming to strengthen investment activities across Europe, the Middle East, and North America. Beyond his industrial ventures, Sawiris co-owns the English Premier League club Aston Villa through V Sports, a joint venture with American billionaire Wesley Edens.

His investment portfolio also includes a significant stake in German sportswear giant Adidas, valued at over $3.3bn as of January.

ORIGIN: EGYPT RESIDENCE: UK SECTOR: INDUSTRY & FINANCE 2024 RANK: 49

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52 ORIGIN: QATAR RESIDENCE: QATAR SECTOR: TELECOMS 2024 RANK: 51

50 ORIGIN: OMAN RESIDENCE: OMAN SECTOR: FINANCE 2024 RANK: 48

MOHAMMED BIN MAHFOODH ALARDHI, executive chairman, Investcorp

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ince his appointment in 2015, Alardhi has overseen the firm’s growth, with assets under management tripling to over $35bn, expanding its presence across 12 countries, including the United States, Europe, the Middle East, India, and Asia.

Under his leadership, Investcorp achieved a net profit of $105m in 2024, reflecting a robust financial performance.

Prior to his tenure at Investcorp, Alardhi served as the youngest and longest-serving chief of the Royal Air Force of Oman, retiring with the rank of air vice marshal. He holds a master of public administration from the John F. Kennedy School of Government at Harvard University and is a trustee for the Eisenhower Fellowship in Philadelphia. Alardhi has also authored several publications, including Arabs Unseen, reflecting his commitment to thought leadership.

AZIZ ALUTHMAN FAKHROO, managing director and CEO, Ooredoo

F

akhroo has led Ooredoo Group as managing director and group CEO since 2020, driving consistent growth across its 10-country footprint. In 2024, Ooredoo reported a 2 per cent year-on-year revenue increase to QAR23.6bn and net profit rose 14 per cent to QAR3.4bn.

The group’s customer base reached 51.5m, excluding Myanmar operations.

Fakhroo has overseen major initiatives, including the launch of MENA Digital Hub, a regional carrier-neutral data centre business, and a strategic partnership with NVIDIA to advance AI capabilities. He also led Ooredoo’s $2.2bn tower merger with Zain and TASC Towers. Prior to Ooredoo, Fakhroo held key roles at Qatar’s Ministry of Finance and Qatar Investment Authority. He is a board member of Qatar Museums and Indosat Ooredoo Hutchison.

53 51 ORIGIN: BAHRAIN RESIDENCE: BAHRAIN SECTOR: MANUFACTURING 2024 RANK: 50

KHALID AL RUMAIHI, chairman, Alba

A

l Rumaihi currently serves as the chairman of Aluminium Bahrain (Alba), having been appointed to this position in October 2023. In addition to his role at Alba, Al Rumaihi is the executive chairman of Amriya Group.

Under Al Rumaihi’s leadership, Alba reported robust financial results for the year ending December 31, 2024. The company achieved a net profit of BD184.5m (approximately $490.8 m), marking a 56.4 per cent increase compared to the previous year. Total comprehensive income for 2024 stood at BD183.4m ($487.8m), up by 71.9 per cent year-on-year.

These financial achievements reflect Alba’s resilience and strong operational performance under Al Rumaihi’s guidance. The company’s strategic initiatives and effective leadership have positioned it well for continued growth in the global aluminium industry.

ORIGIN: EGYPT RESIDENCE: EGYPT SECTOR: DIVERSIFIED 2024 RANK: 52

NAGUIB SAWIRIS, managing director and CEO, Orascom Investment Holding

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awiris is an Egyptian billionaire businessman and the eldest son of the prominent Sawiris family. He played a pivotal role in expanding the family business, Orascom, into various sectors, notably telecommunications. In 2011, he sold Orascom Telecom to VimpelCom, marking one of the industry’s significant deals. Currently, Sawiris serves as the executive chairman of Orascom Investment Holding, focusing on sectors such as financial services, agriculture, real estate, logistics, and transport. He also chairs La Mancha Holding, an investment vehicle with interests in gold mining companies like Evolution Mining and Endeavour Mining. In November 2024, Sawiris announced the launch of MONIIFY, a digital business platform aimed at empowering millennials and Gen Z entrepreneurs in emerging markets. The platform has experienced issues, though, with reports of dozens of employees having been let go shortly after launch. As of 2024, his net worth is estimated at $7.6bn, making him one of Africa’s wealthiest individuals.

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ORIGIN: BAHRAIN RESIDENCE: UAE SECTOR: AVIATION 2024 RANK: 53

ADEL ABDULLA ALI, group CEO, Air Arabia

A

li, a veteran in the aviation sector, established Air Arabia in October 2003 as the MENA region’s first low-cost carrier. Under his leadership, Air Arabia reported a record net profit before tax of Dhs1.6bn in 2024, marking a 4 per cent increase from the previous year. The airline’s revenue surged by 11 per cent to Dhs6.63bn, and it expanded its network by adding 31 new routes from its six operational hubs in the UAE, Morocco, Egypt, and Pakistan. Air Arabia’s fleet grew to 81 Airbus A320 and A321 aircraft, serving over 220 destinations across the Middle East, Africa, Asia, and Europe. In recognition of this strong performance, shareholders approved a 25 per cent cash dividend for 2024. Ali’s strategic vision continues to position Air Arabia as a leading player in the aviation industry.

ORIGIN: UAE RESIDENCE: UAE SECTOR: FINANCE 2024 RANK: 55

ALA’A ERAIQAT, group CEO, Abu Dhabi Commercial Bank (ADCB)

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raiqat has been the group CEO since 2009, having joined the bank in 2004. Under his leadership, ADCB reported a profit before tax of Dhs10.585bn in 2024, a 26 per cent increase from the previous year. The bank’s net profit after tax rose 15 per cent to Dhs9.419bn during the same period. Total assets grew by 15 per cent year-on-year to Dhs653bn, with net loans and customer deposits both increasing by 16 per cent. Eraiqat also serves as chairman of Al Hilal Bank and holds board positions at Abu Dhabi National Hotels and the Emirates Institute of Finance. With a career in banking starting in 1991, he previously held senior roles at Citibank and Standard Chartered Bank.

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55 ORIGIN: UAE RESIDENCE: UAE SECTOR: TOURISM 2024 RANK: 54

ISSAM KAZIM, CEO, Dubai Corporation for Tourism and Commerce Marketing

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azim has been instrumental in positioning Dubai as a premier global tourism destination. As CEO of the Dubai Corporation for Tourism and Commerce Marketing (DCTCM) since February 2014, he oversees the promotion and marketing of the emirate. Under his leadership, Dubai welcomed a record 18.72 million international visitors in 2024, a 9 per cent increase from 2023’s 17.15 million, surpassing pre-pandemic levels. This growth aligns with the Dubai Economic Agenda (D33), aiming to double the city’s economy by 2033. Kazim’s strategic initiatives have diversified Dubai’s tourism offerings, attracting visitors from North East and South East Asia (24 per cent growth), Africa (20 per cent), and CIS and Eastern Europe (16 per cent). The city’s hotel occupancy rate rose to 78.2 per cent in 2024, reflecting the sector’s robust performance. Dubai was also named the world’s leading shopping and exhibition destination at the 31st World Travel Awards.

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ORIGIN: UAE RESIDENCE: UAE SECTOR: RETAIL 2024 RANK: 56

MOHAMMAD A BAKER, deputy chairman and CEO, GMG

I

n 2024, under the leadership of Baker, GMG achieved significant milestones. The company expanded its global footprint by entering Southeast Asia, establishing an office in Singapore, and operating 31 stores in the region.

GMG’s portfolio now encompasses over 120 brands across 12 countries. The company also launched a sustainability strategy, ‘Make a Difference’, focusing on ‘Planet Forward’, ‘Inspire People’, and ‘Own Change’ initiatives. This commitment led to partnerships with local producers, such as Bustanica, the world’s largest hydroponic farm, and Silal, supporting up to 1,100 UAE farms in accessing the local retail market through Géant. These efforts align with the UAE’s National Food Security Strategy 2051 and the ‘Make in the Emirates’ initiative.

100 MOST POWERFUL ARABS 2025

MOHAMMAD ALI BIN RASHED LOOTAH, president

GHAITH AL GHAITH, CEO,

and CEO, Dubai Chambers

flydubai

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ootah oversees three key entities: Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy.

Under his leadership, Dubai Chambers attracted over 67,222 new companies in 2023, increasing its total membership to 217,788, a 26.8 per cent rise from the previous year.

In 2024, Dubai Chamber of Commerce welcomed a record number of exporters and re-exporters, reflecting a 3 per cent growth compared to 2023. Lootah is committed to promoting parent-friendly practices among businesses, aiming to enhance Dubai’s appeal as a destination for global talent.

Lootah also emphasises strengthening international trade relations, highlighting Dubai’s strategic importance as a global business hub.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 57

SPECIAL REPORT

ABDULLA JASSEM KALBAN,

A

ppointed as CEO in 2008, Ghaith Al Ghaith has been instrumental in flydubai’s growth into a leading low-cost carrier. In 2023, the airline launched 17 new routes, expanding its network to 122 destinations across 52 countries. It carried 13.8 million passengers, a 31 per cent increase compared to 2022, and took delivery of 13 new aircraft, bringing its fleet to 84. In 2024, flydubai reported its strongest financial results in 15 years, with a record profit of Dhs2.5bn and revenues reaching Dhs12.8bn. The airline carried 15.4 million passengers, marking an 11.6 per cent increase from the previous year. Al Ghaith continues to lead the airline’s strategic growth, focusing on expanding its network and enhancing operational efficiency.

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ORIGIN: UAE RESIDENCE: UAE SECTOR: AVIATION 2024 RANK: 58

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managing director, Emirates Global Aluminium (EGA)

K

alban has been with EGA since 1985, ascending to managing director and CEO in 2014 following the merger of Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL).

Under his leadership, EGA is constructing the UAE’s largest aluminium recycling facility in Al Taweelah, with a capacity of 170,000 tonnes per year, expected to be completed within three years. Kalban also serves as Chairman of the Gulf Aluminium Council and Vice Chairman of Dubal Holding and Etihad Water and Electricity Company. His extensive experience has been pivotal in positioning EGA as a global leader in the aluminium industry.

ORIGIN: UAE RESIDENCE: UAE SECTOR: INDUSTRIES 2024 RANK: 59

HUSSAIN SAJWANI, founder and chairman, DAMAC Group

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ajwani is one of the pioneers of the property market expansion in Dubai.

He also has a solid track record of buoyant forays into capital markets across the world.

Apart from the UAE, DAMAC Properties has real estate projects running in global cities like Miami, London, Jeddah, Riyadh, Baghdad, Toronto, and the Maldives, with about 2,000 professionals employed with them. Sajwani has also promised a $20bn

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investment in the booming US data centre industry in the coming years, which he and then US President-elect Donald Trump announced in January this year at Trump's home in Palm Beach, Florida.

The construction of new data centres by EDGNEX Data Centers, a unit of DAMAC, in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana will generate employment opportunities for thousands of Americans.

ORIGIN: UAE RESIDENCE: DUBAI, UAE SECTOR: REAL ESTATE 2024 RANK: 74

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64 62 ORIGIN: KUWAIT RESIDENCE: KUWAIT SECTOR: DIVERSIFIED 2024 RANK: 60

KUTAYBA YUSUF ALGHANIM, executive

chairman, Alghanim Industries

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he chairman of Alghanim Industries, who was first brought to the company by his father as the managing director, has significantly introduced contemporary business culture and modernised the organisation since joining the company.

Not only did Alghanim Industries become the first company in Kuwait to have an IBM mainframe under Alghanim's leadership, but it also came to recognise the importance of feedback and professional criticism, transforming the company from a privately owned family business to a professionally managed firm in the region.

In 2003, he founded the DIYA orphanage in Lebanon, and extended his work for orphaned children through his involvement in the Children’s Home project in Kuwait. The project involves the renovation and restoration of six homes, a central kitchen, and an outdoor play area.

63 ORIGIN: KUWAIT RESIDENCE: KUWAIT SECTOR: ENERGY 2024 RANK: 62

ORIGIN: QATAR RESIDENCE: QATAR SECTOR: AVIATION 2024 RANK: 71

BADR MOHAMMED AL MEER, group chief executive officer, Qatar Airways

A

long with being the group CEO of Qatar Airways, Badr Mohammed Al Meer was also elected to the International Air Transport Association’s Board of Governors in December 2023.

He became group CEO of Qatar Airways on November 5, 2023, following more than 10 years as the COO of Hamad International Airport in Qatar.

Under his leadership, the airport received Skytrax’s ‘Best Airport in the World’ award in 2021 and 2022. It is under his leadership that Qatar Airways is committed to sustainable growth, strategic partnerships, and a strong focus on innovation.

Having delivered a record profit of $1.7bn in the 2023-24 financial year with revenue hitting QAR81bn, Qatar Airways became the first global airline to introduce Starlink Wi-Fi across its fleet, alongside acquiring a 25 per cent stake in Southern Africa’s regional carrier, Airlink.

65 ORIGIN: KUWAIT RESIDENCE: UAE SECTOR: LOGISTICS 2024 RANK: 66

TAREK SULTAN, vice chairman of Agility; and chairman of Agility Global WADHA AHMED AL-KHATEEB, CEO, Kuwait National Petroleum Company (KNPC)

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he CEO of the Kuwait National Petroleum Company (KNPC) brings 28 years of experience in the oil sector.

Al Khateeb has made history by being the first woman as well as the first Kuwaiti to head the Gas Processors Association, GCC Chapter. Apart from the oil sector, she is also recognised for her contributions towards the initiation of a pilot programme intended for training women process engineers in the operations department, as well as leading the cost optimisation and profit improvement initiatives at Mina Al Ahmadi Refinery, resulting in a substantial financial benefit of $23m.

Al Khateeb has also served as a member of the TKSC Board (The Kuwait Styrene Company) and has held the position of Chairperson for KPPC (Kuwait Paraxylene Production Company,) since May 5, 2019.

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ultan assumed leadership of the company in 1997 and has since spearheaded its worldwide growth. The company now has more than 65,000 employees.

Agility, a supply chain services, infrastructure, and innovation company, reported Q3 2024 EBIT (earnings before interest, taxes, depreciation, and amortisation) of KD44.8m in November 2024. This represented a 33 per cent increase from the same period a year earlier. Revenue for the same period stood at KD411m, marking a 14 per cent increase from Q3 2023.

The company’s third-quarter net profit stood at KD10.1m, or 4.04 fils per share.

Sultan is not only an active supporter of the World Economic Forum (WEF) but is also a steward of the WEF’s Stewardship Board for the Platform on Shaping the Future of Mobility and a governor of the WEF’s Supply Chain & Transport Industry Community.

100 MOST POWERFUL ARABS 2025

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MONA ATAYA, founder and CEO, Mumzworld

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he founding partner and CEO of Mumzworld has been on the Board of Directors of the Dubai Chamber for Digital Economy since 2011.

Ataya founded Mumzworld in 2011 to support women in the Arab world and help them make informed decisions for their families.

As the co-founder and partner at Bayt.com, the largest jobs board in the Arab world, and co-founder of Pharmaciaty.sa, her leadership

completely revolutionised the e-commerce platform for mothers in the UAE and beyond.

Apart from her entrepreneurial projects, she is also deeply involved in the startup ecosystem and is a United Nations alumni for UNCTAD, enabling women in developing countries digitally.

Mona Ataya also serves as a mentor to entrepreneurs and is a regular speaker at global and regional conferences.

ORIGIN: PALESTINE RESIDENCE: UAE SECTOR: RETAIL 2024 RANK: 63

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HESHAM AL QASSIM, vice chairman and CEO, Wasl Asset Management Group

A

l Qassim, Wasl’s CEO, is also the vice chairman of DREC (Dubai Real Estate Corporation) and a member of Amlak Finance’s Board of Directors.

Responsible for managing Wasl’s real estate, hospitality, and leisure portfolio, he plays a key role in urban growth. Boasting a portfolio of more than 47,000 residences, Wasl offers a variety of rental options for those seeking a home in Dubai. The company operates an extensive

portfolio of over 50,000 residential and commercial properties, more than 32 hotels and hotel apartments, 5,500 land plots, four freehold master developments, and six golf clubs.

The group’s most significant developments include Wasl1, Wasl Gate, Wasl Village, and Wasl 51, alongside other notable landmarks such as the Mandarin Oriental Hotel, One & Only The Palm, and the One & Only Royal Mirage.

ORIGIN: UAE RESIDENCE: UAE SECTOR: REAL ESTATE 2024 RANK: 64

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KHALED MOHAMMED BALAMA, governor, Central Bank of the UAE

alama has a robust 30-year track record in leading various government entities in the UAE, he has been on the Board of Directors of the Central Bank of the UAE (CBUAE) since 2008.

Under his leadership, CBUAE achieved record financial results in 2024 across all indicators. Total assets are estimated to reach approximately

Dhs896bn, driven by increased net inflows into the national economy, compared to Dhs721bn in 2023. The CBUAE also implemented initiatives to support national housing programmes by providing flexibility in applying certain mortgage requirements. Support provided through national housing funds reached Dhs6.1bn in 2024.

ORIGIN: UAE RESIDENCE: UAE SECTOR: FINANCE 2024 RANK: 67

SPECIAL REPORT

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SHEIKH ABDULLAH BIN BAYYAH, chairman, UAE’s Fatwa Council

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heikh Abdullah bin Bayyah, in addition to being the chairman of the UAE Fatwa Council and head of the Abu Dhabi Forum for Peace, is also the president of the Forum for Peace in Muslim Societies, Abu Dhabi, a member of the Muslim League’s International High Council of Mosques, Makkah, and a member of the High Council in the Centre for Studying the Aims of Sharia, UK. Sheikh Abdullah is also a recipient of many prominent awards, such as the King Abdul Aziz Medal with the Rank of Distinction and the Chinguetti Prize for the Category of Islamic Studies for his book A Dialogue from Afar.

Being perpetually involved in highlighting the UAE’s role as a global model of tolerance and peaceful coexistence, Sheikh Abdullah called on religious and political leaders to support a “Century of Peace” initiative, stressing the need for sustained efforts to promote stability, reconciliation, and coexistence worldwide.

ORIGIN: MAURITANIA RESIDENCE: UAE SECTOR: CULTURE AND SOCIETY 2024 RANK: 65

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100 MOST POWERFUL ARABS 2025

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BADR JAFAR, CEO, Crescent Enterprises

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afar, CEO of Crescent Enterprises and the UAE Special Envoy for Business and Philanthropy, was awarded the London Business School (LBS) Honorary Fellowship in recognition of his multifaceted contributions to global business, philanthropy, and social entrepreneurship in July 2024.

He received the award during the LBS annual congregation ceremony held in London to honour 1,600 graduates. Previous honourees include notable figures such as Bill Gates,

co-founder of Microsoft; Michael Bloomberg, former mayor of New York City and founder of Bloomberg L.P., and Kofi Annan, former secretary-general of the United Nations.

In 2010, Jafar founded the Pearl Initiative — a non-profit, private sector-led organisation committed to the promotion of a corporate culture of transparency and accountability across the Middle East, functioning in cooperation with the United Nations Office for Partnerships.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED

2024 RANK: 68

AMAL SUHAIL BAHWAN, vice chairperson, Suhail Bahwan Group

MISHAL HAMED KANOO, chairman, The Kanoo Group

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orn and raised in Dubai, Kanoo chairs one of the largest independent, family-owned groups of companies in the Gulf region.

Kanoo has extensive experience in not only regional business affairs and capital markets but also in the fields of travel, shipping, machinery, power, chemicals, as well as oil and gas. The dynamic business personality is also a visiting lecturer at the American University of Sharjah School of Business Administration, and it is under his leadership that Kanoo Group has been investing in several renewable energy projects for two decades.

ORIGIN: UAE RESIDENCE: UAE/BAHRAIN SECTOR: DIVERSIFIED 2024 RANK: 69

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ELIE SAAB, fashion designer

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ahwan leads one of the largest conglomerates in Oman, featuring a portfolio of 100 brands and over 40 companies under its umbrella across the Gulf, North Africa, and South Asia. It has invested in a diverse range of sectors, including engineering and infrastructure, chemicals and fertilisers, energy, healthcare, and logistics, among others.

In May 2024, Bahwan acquired an equity stake in Monument Bank (the UK’s neo bank) to help guide the strategy of the bank, which focuses on the mass-affluent market. In December 2023, UAE’s Inventure Metal Products Industries also announced a strategic partnership with Bahwan, a collaboration that reinforced the entity’s stronghold in the UAE and the GCC region.

ORIGIN: OMAN RESIDENCE: OMAN SECTOR: DIVERSIFIED 2024 RANK: 70

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aab, the man who taught himself to sew before the age of 10, is not only a designer of choice for celebrities but also dresses royalty such as Kate Middleton, Princess Rajwa Al Hussein, and Queen Rania. His brand is now valued at $792m. He also became the first nonItalian designer to be accepted into the Camera Nazionale della Moda, the country’s governing body for Milan Fashion Week. In 2003, the designer was invited by the Chambre Syndicale de la Haute Couture in Paris to be a member, and he remains one of the few officially ordained haute couture labels in the world. In January, Dubai-based real estate company SAMANA Developers unveiled the SAMANA Ocean Views interiors by ELIE SAAB project in Dubai’s Madinat Arena.

ORIGIN: LEBANON RESIDENCE: LEBANON SECTOR: CULTURE AND SOCIETY 2024 RANK: 61

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ORIGIN: JORDAN RESIDENCE: UAE SECTOR: FINANCE/ LOGISTICS 2024 RANK: 72

FADI GHANDOUR, executive chairman, Wamda Capital; and co-founder, Aramex

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he executive chairman of Wamda Group and the cofounder of Aramex spent the first 30 years of his career as the CEO of the latter. He transformed it into one of the leading logistics entities in the market, and the first from the Arab world to be listed on Nasdaq and later, on the Dubai Financial Market. He stepped down as CEO in 2012.

His current company, Wamda Group, is a platform involved in investing, nurturing, and building entrepreneurial ecosystems across the Middle East and North Africa. Ghandour also founded and chairs Ruwwad for Development, a private-sectorled community engagement platform that supports marginalised communities across the MENA region.

Wamda recently invested in the UAE-based AI startup qeen. ai, which secured $10m in seed funding, one of the largest seed investments in the MENA region to date.

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: SPORTS 2024 RANK: 75

FAHAD BIN NAFEL, president, Al Hilal

Football Club

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ahad bin Nafel assumed the presidency of Al Hilal Football Club in 2019 and has led the club to its utmost glory. This success has seen his side qualify for the club game’s most anticipated new tournament, the FIFA Club World Cup 2025.

Ever since the club’s inception in 1975 by Sheikh Abdulrahman bin Saeed, Al Hilal has been the dominant force in Saudi Arabian football and has also signed an official five-year sponsorship deal with PUMA until 2027.

In January, Al Hilal signed the 20-year-old Brazilian winger Kaio César from Portuguese club Vitória Guimarães. The deal filled the club’s remaining slot for foreign-born players and strengthened its attacking lineup. The contract spans three-and -a-half years.

75 77 ORIGIN: OMAN RESIDENCE: OMAN SECTOR: ENERGY 2024 RANK: 73

MAZIN RASHID LAMKI, CEO, Energy

Development Oman (EDO)

L

amki was appointed as the CEO of EDO in 2022. He has over 22 years of experience in the oil and gas industry, covering various commercial and operational functions, and is also a certified professional in mergers and acquisitions.

Energy Development Oman works on the development of the energy and alternative energy sectors in line with Oman’s Vision 2040. It owns 60 per cent of Block 6 Oil Concession, 100 per cent of Block 6 Non-associated Gas Concession, and 100 per cent of Hydrogen Oman.

The company successfully issued a seven-year $750m sukuk in June 2024. The sukuk was priced at a profit rate of 5.662 per cent. This marks EDO’s second sukuk issuance, following a previous deal in September 2023 for 10 years at a profit rate of 5.875 per cent.

ORIGIN: KUWAIT RESIDENCE: KUWAIT SECTOR: FINANCE 2024 RANK: 77

SHAIKHA KHALED AL BAHA, deputy

group chief executive officer, National Bank of Kuwait (NBK)

A

l Baha previously led the NBK Group’s Kuwait operations as NBK-Kuwait CEO between 2010 and 2013, consistently contributing more than 70 per cent of its profits. In addition to her role at the bank, Al Baha was also a member of Kuwait’s Supreme Council for Planning and Development from 2017 to 2021.

It is under her leadership that the bank provided KD25.04m in bank loans to SMEs in 2024, marking a growth of 23.5 per cent compared to 2023, and KD30.19m in community investments made by the bank in 2024, marking a growth of 9.1 per cent compared to 2023. The bank also issued a $500m green bond, the first of its kind for a Kuwaiti financial institution.

She also received the 'Distinguished Services to Arab Banking Award 2022' from the Arab Bankers Association.

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100 MOST POWERFUL ARABS 2025

MOHAMMED ABU GHAZALEH, chairman and CEO, Fresh Del Monte Produce

H

aving served as the chairman and CEO of Fresh Del Monte Produce since 1996, Ghazaleh has been instrumental in cementing the company’s role as one of the world’s pre-eminent producers and distributors of fresh, fresh-cut, and prepared fruit and vegetables.

Net sales for the company’s Q4 2024 were $1,013.2m, compared with $1,008.6m in the prior-year period.

The gross profit for the period was $68.7m,

compared with $62.5m in the previous year's fourth quarter.

Previously, Abu Ghazaleh served as chairman of International General Insurance until its listing on NASDAQ in 2020.

In addition to his role at Fresh Del Monte Produce, Abu Ghazaleh also serves as chairman of the Royal Jordanian Air Academy, chairman of Arab Wings, and chairman of Queen Noor Civil Aviation Technical College.

ORIGIN: PALESTINE RESIDENCE: US SECTOR: FMCG 2024 RANK: 82

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DJ KHALED, DJ and record producer

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s a famous DJ, record producer and radio personality, DJ Khaled has produced 11 studio albums since 2006, including Grateful (2017), which spawned his first No 1 single, I’m the One, and Father of Asahd (2019).

He also rose to the rank of president of Def Jam Records South in 2009 and co-founded the record label We The Best Music Group. Khaled has also served as a

judge on the singing competition series The Four.

In 2006, Khaled released his debut album, Listennn... the Album, which successfully reached No. 12 on the Billboard 200 charts.

His net worth, estimated as of 2024, totals about $95m and counting. With another album on the way, this figure is sure to cross the $100m threshold by the end of 2025.

ORIGIN: PALESTINE RESIDENCE: US SECTOR: CULTURE AND SOCIETY 2024 RANK: 76

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DR AMINA AL ROSTAMANI, group COO, AW Rostamani Group

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long with being the COO of the AW Rostamani Group, Dr Al Rostamani is also an executive board member, shareholder and director at AW Rostamani Group, overseeing group HR, IT and strategy functions. She also oversees the group's properties division, serving as the CEO of AWR Properties.

ORIGIN: UAE RESIDENCE: UAE SECTOR:DIVERSIFIED 2024 RANK: 80

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Dr Rostamani is known to have championed the development of Dubai Design District (d3), a pioneering, purpose-built creative destination for the Middle East’s growing design industry.

She is also an acknowledged authority on wireless technologies, and has penned articles that have been published in leading publications.

OTHMAN BENJELLOUN, CEO,

BMCE Bank of Africa

B

enjelloun is chairman and CEO of BMCE Bank (Moroccan Bank for External Trade), since its privatisation in June 1995.

He is also president of FINANCE.COM Holding, the entity that oversees four bodies: the banking and related-professions division, of which BMCE Bank is the pivot; the insurance division — RMA, Al Wataniya – Morocco’s leader in this sector; the industrial division; and the telecommunications, media and IT division, along with the Professional Association of Moroccan Banks.

Benjelloun was awarded the title 'Officier de l’Ordre de Trône du Royaume du Maroc', Commander of the Swedish Royal Order of the Polar Star and decorated with the Medal of Commander of the National Order of the Lion of the Senegalese Republic.

The dynamic personality is also the founder of BMCE Bank Foundation, which primarily aims at combating illiteracy by building and managing community schools in rural areas across Morocco and Africa.

ORIGIN: MOROCCO RESIDENCE: MOROCCO SECTOR: FINANCE 2025 RANK: 81 2024 RANK: 79

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HUDA AND MONA KATTAN, founders, Huda Beauty, Kayali

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ounded by blogger Huda Kattan and her sisters Mona and Alya in 2018, Huda Beauty sells everything from luxury eyelashes to makeup and skincare products. The company boasts more than 54.2 million followers on Instagram, well ahead of rivals Rare Beauty and Kylie Cosmetics, which have eight million and 24.7 million followers, respectively.

Huda Beauty launched a new collection inspired by the beloved Filipino dessert, Ube, in January 2025.

Huda Beauty sold its popular fragrance brand Kayali to its co-founder Mona Kattan and General Atlantic in a move that allows the beauty company’s owners to buy back a stake held by TSG Consumer Partners since 2017.

Mona Kattan will now own the fastgrowing fragrance business with private equity investor General Atlantic and has also starred in Netflix’s megahit Dubai Bling.

ORIGIN: IRAQ/US RESIDENCE: UAE SECTOR: CULTURE AND SOCIETY

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RONALDO MOUCHAWAR, co-founder, Souq.com and VP, Amazon MENA

M

ouchawar, known as the MENA region’s first man of the internet, sold the firm he had set up for $580m.

The Syrian entrepreneur built the largest online marketplace in the region, Souq. com, in 2005 and, 12 years later, sold it to US tech giant Amazon, where he stayed on as vice president of Amazon MENA. His platform now attracts more than 45 million customers per month and offers 9.5 million products, ranging from consumer electronics and household goods to fashion brands and baby products. It employs 4,500 staff.

Mouchawar oversaw the launch of Amazon Prime in the UAE in 2019, followed by Amazon.sa in Saudi Arabia in 2020. It was under his guidance that Amazon Home Services debuted in 2020, and Prime was introduced in Saudi Arabia in 2021.

ORIGIN: SYRIA RESIDENCE: UAE SECTOR: RETAIL 2024 RANK: 81

83

MOHAMMED HUSSEIN ALI AL AMOUDI, chairman, MIDROC Group

A

l Amoudi, the chairman of MIDROC Group, is a globally successful entrepreneur, businessman, and philanthropist.

He is also the founder of companies across three continents —Europe, Asia, and Africa — that employ over 70,000 people in total. His company is also known to have spent ETB2bn on CSR activities.

Al Amoudi has demonstrated a particular commitment to Saudi Arabia and Africa. His

JUMA AL MAJID, founder and chairman, Juma Al Majid Holding Group

I

n the last 70 years since Juma Al Majid laid the foundation of the entity, Juma Al Majid Holding Group now comprises over 75,000 employees hailing from over 40 nationalities, with more than 35 businesses, exceeding 145 brands, and more than 11 million square feet of residential and commercial space.

Known as the man behind thousands of initiatives, he has not only ventured into several businesses but also numerous philanthropic activities.

His generous support for education is recognised not only in the UAE but also globally. Since 1950, Al Majid has held several key positions, including chairman of the Dubai Economic Council, vice chairman of the UAE Central Bank, vice chairman of Emirates Bank International, and director of the Dubai Chamber of Commerce and Industry, among others.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 83

84

85 businesses include, among others, MIDROC Ethiopia and Preem Petroleum. His philanthropy has been strongly focused on education, training and healthcare in Ethiopia.

Al Amoudi is now the largest foreign investor in Ethiopia and has interests in agriculture and livestock, gold mining, construction, cement, property, steel, pharmaceuticals, air transport, catering, and manufacturing. Al Amoudi also owns the five-star Sheraton Addis.

ORIGIN: SAUDI ARABIA/ETHIOPIA RESIDENCE: SAUDI ARABIA SECTOR: DIVERSIFIED 2024 RANK: 85

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SPECIAL REPORT

100 MOST POWERFUL ARABS 2025 NEW

OMAR AL FUTTAIM, vice

chairman and chief executive officer, Al-Futtaim Group

A

l Futtaim is responsible for leading and growing the business across five business verticals: automotive, financial services, real estate, retail, and health. Al-Futtaim employs 42,000 people and operates through more than 200 brands.

The group’s five divisions operate in more than 20 countries and have expanded their operations by entering a number of new territories, increasing their footprint beyond the GCC and Greater Middle East to encompass South East and North Asia, Australasia, East Africa, and Europe.

He is also chairman and board member of several public organisations, including the Commercial Bank of Dubai, Orient Insurance, Emirates Investment Bank, and the Dubai Chamber of Commerce. Al Futtaim is also the chairman of Al Futtaim Education Foundation, the non-profit education arm of the group.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 94

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managing director, Al Khayyat Investments (AKI)

executive officer, 2PointZero

A

l Mheiri has been the CEO of 2PointZero since its launch in 2024. The entity’s portfolio, expected to surpass $27bn, encompasses diverse industries, including private equity, artificial intelligence, mining, and cryptocurrency, and includes industry leaders such as Chimera Investments, Lunate Capital, Beltone Holdings, and International Resources Holding (IRH).

In February, 2PointZero acquired the customer-focused microfinance platform Maseera, pledging $1bn to advance its financial inclusion in emerging markets.

More recently, Abu Dhabi Future Energy Company — Masdar, TotalEnergies, and EPointZero, the decarbonisation arm of 2PointZero, a transformational global investment platform, also signed a framework for action agreement to drive access to clean energy in emerging markets and developing economies in Africa and Asia.

ORIGIN: UAE RESIDENCE: UAE SECTOR: POLITICS/ SUSTAINABILITY

87

RAYYANAH BARNAWI, astronaut

T

ZAID S AL KHAYYAT,

MARIAM AL MHEIRI, chief

he first Saudi female astronaut to go to space on May 21, 2023, and one of the first Saudi astronauts to visit the International Space Station (ISS), Barnawi is a biomedical researcher with almost a decade of experience in cancer stemcell research. She worked at King Faisal Specialist Hospital & Research Centre and holds a bachelor’s degree in genetic engineering and tissue development from the University of Otago in Dunedin, New

A

s managing director of Al Khayyat Investments (AKI), Al Khayyat, ensures that AKI’s foundation is built on cultivating young talent and driving the business forward with fresh ideas and energy.

Under Zaid’s leadership, AKI has remained one of the leading Arab family businesses in the region. He attributes this success to the collective spirit of AKI and the people who consistently deliver outstanding results across all its business lines in the Middle East.

Founded in 1982, AKI continues to be a leader among Arab family businesses in the region. In December 2024, the company was awarded the Best Distributor for Enabling Technologies by Stryker in the Middle East.

Zaid’s leadership also reflects the dynamic spirit of the region. He continues to steer AKI toward sustainable operations while fostering new ideas that contribute to national development and progress.

ORIGIN: UAE RESIDENCE: UAE SECTOR: DIVERSIFIED 2024 RANK: 89

89 Zealand. She also has a master’s degree in biomedical sciences from Alfaisal University in Riyadh.

Barnawi was a mission specialist aboard Axiom Space’s second private astronaut mission (Ax-2) to the ISS. She was accompanied by fellow Saudi Ali Al-Qarni. During her time on the space station, Barnawi carried out scientific research for Saudi Arabia, focusing on critical areas such as stem cell and breast cancer studies.

ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: SPACE 2024 RANK: 87

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88

90

93

ONS JABEUR, tennis player

B

eing the first Arab tennis player to win a title on the WTA Tour and to play in the quarter-finals of a Grand Slam tournament at the 2020 Australian Open, Jabeur subsequently improved this record and also extended it to the African continent with the historic finals held at Wimbledon and the US Open in 2022. In June 2022, following her victory at the Berlin tournament, Jabeur reached her

best ranking at second position, becoming the first Arab tennis player ever, both among males and females, to break into the top three in the world and the highestplaced African tennis player ever.

Her net worth is estimated to be around $6.5m.

In February 2025, Jabeur reached the last eight of the Mubadala Abu Dhabi Open following a straight-sets victory over 17-year-old Wakana Sonobe.

ORIGIN: TUNISIA RESIDENCE: TUNISIA SECTOR: SPORTS 2024 RANK: 78

91

AMR DIAB, singer and composer

D

iab, the legendary Egyptian singer, remains a dominant force in the Arabic pop music, as his latest album Tamally Ma’ak is considered one of the best Arabic pop albums in the 21st century.

He’s won multiple World Music Awards including a Guinness world record as the bestselling Middle Eastern artist. In January he partnered with ONE Development to launch a 'musical'

boutique hotel chain, becoming its brand ambassador.

His social media statistics have seen a significant growth over the past year, on Instagram his follower count has increased from over 25 million to approximately 32.5 million and on Anghami, followers have grown from over 19 million to 20.8 million along with 2.5 billion plays and 6.2 million subscribers on YouTube.

ORIGIN: EGYPT RESIDENCE: EGYPT SECTOR: CULTURE AND SOCIETY 2024 RANK: 93

92

A

MONA ALMOAYYED, managing director,

Y.K Almoayyed & Sons; and chairperson, Edbaa Bank

lmoayyed has led Y.K. Almoayyed & Sons since 2000, overseeing the company’s wide-ranging business operations across automobile, electronics, and luxury goods. The group represents over 300 global brands in Bahrain, including Nissan, Renault, Ford, Sony and Nikon. On March 10, Y.K. Almoayyed & Sons announced its silver sponsorship of the Crown Prince's International Scholarship Programme.

The sponsorship reflects the company’s commitment to supporting Bahraini youth.

The company also unveiled the 2025 Nissan KICKS and expanded its role in Bahrain’s automotive and sporting sectors. Apart from business, she serves as the chairperson of Bahrain’s first micro finance bank, Edbaa. Almoayyed has created new opportunities for the women in Bahrain, she was the first woman elected to the board of a publicly traded company and to the board of the Bahrain Chamber of Commerce and Industry. She is also the co-founder of the Bahrain Businesswomen's Society.

ORIGIN: BAHRAIN RESIDENCE: BAHRAIN SECTOR: DIVERSIFIED 2024 RANK: 90

NEZHA HAYAT,

chairperson and CEO, Moroccan Capital Market Authority

H

ayat has been the chairperson and CEO of Morocco’s Capital Market Authority by order of King Mohammed VI since February 2016. She began her career in Spain in 1985, within the banking sector focusing on risk and debt portfolio management. In 1999, she was then elected president of the Association of Stockbrokers in Morocco for two terms and was recognised as a global leader for tomorrow by the World Economic Forum in 2000. In 2017, she was elected vice-chair of the Africa and Middle East Committee within the International Organisation of Financial Market Regulators for the 2016-18 term.

Since March 2020, she has been re-elected as chair of the body for following 2020-2022 and 2022-2024 terms. She was recently re-elected for a third consecutive term as chair.

Most recently, Hayat presented the body's 2023 annual report to Moroccan Prime Minister Aziz Akhannouch, highlighting the institution’s achievements and future initiatives.

ORIGIN: MOROCCO RESIDENCE: MOROCCO SECTOR: FINANCE 2024 RANK: 92

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96

94 ORIGIN: SAUDI ARABIA RESIDENCE: SAUDI ARABIA SECTOR: FINANCE 2024 RANK: 95

NADIR AL-KORAYA, CEO, Riyad Bank

A

l-Koraya is the president and CEO of Riyad Bank, the fifth largest bank in the GCC, with assets surpassing $100bn.

He has played a major role in reshaping the bank into a progressive and customer-centric financial institution.

Before becoming CEO, Al-Koraya served as a chief treasury and investment officer, where he led significant advancements and reforms in the bank’s funding, capital, asset-liability management, product innovation, and investment strategies.

Al-Koraya began his career at Samba Financial Group, specialising in treasury management, which laid the foundation for his success at Riyad bank.

Beyond his role at Riyad Bank, Al-Koraya is the chairman of Jeel Innovation Digital Company, and serves on the board of Riyad capital, he is also a board member of the Mastercard Middle East & Africa Advisory board, playing a significant role in shaping the financial landscape in the region.

ORIGIN: JORDAN RESIDENCE: UAE SECTOR: CULTURE AND SOCIETY 2024 RANK: 96

RAED BARQAWI, editor-in-chief, Al Khaleej

F

or 35 years, Barqawi has been a cornerstone of Al Khaleej, the UAE and wider GCC's most prominent Arabic daily newspaper, established in Sharjah in 1970 by Abdullah Omran Taryam and Taryam Omran Taryam. Barqawi is a recognised figure in shaping the UAE's media landscape.

Since 1985, he has provided extensive coverage of local, regional, and international events, conducting numerous interviews with officials and CEOs. His insights have been shared at major events and through television appearances. Furthermore, Barqawi has served on the board of the Arab Journalism Award for over 15 years.

Beyond his journalistic contributions, Barqawi authored Dare to Dream: How Sheikh Mohammed bin Rashid Made his Dreams Come True. Published in both English and Arabic, the book chronicles Dubai's transformation into a global talent hub under Sheikh Mohammed's leadership.

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95

ORIGIN: PALESTINE RESIDENCE: US SECTOR: CULTURE AND SOCIETY 2024 RANK: 98

ORIGIN: QATAR RESIDENCE: QATAR SECTOR: SPORTS

MUTAZ ESSA BARSHIM, track and field athlete

B

MO AMER, comedian, writer and producer NEW

arshim is a Qatari high jumper and one of the greatest athletes in the sport’s history. Born in Doha in 1991, he has won multiple Olympic and world championship medals.

He secured a bronze (later upgraded to silver) in London 2012, silver in Rio 2016, and gold in Tokyo 2020, where he shared the title with Italy’s Gianmarco Tamberi.

Barshim is a three-time world champion (2017, 2019, 2022) and holds the Asian record of 2.43m, making him the secondhighest jumper in history. His graceful technique and resilience have made him a global icon.

At the Paris 2024 Olympics, Barshim secured a bronze medal with a jump of 2.34m, making history as the most decorated high jumper in Olympic history with four consecutive medals.

His resilience and sportsmanship continue to inspire fans worldwide, strengthening his status as one of the most legendary high jumpers in history.

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E

arlier this year, Mo Amer released the second and final season of his acclaimed Netflix series, Mo, which continues to explore the life of Mo Najjar, a Palestinian refugee navigating the complexities of asylum in Houston. This semi-autobiographical dramedy delves deeper into themes of identity, displacement, and resilience, reflecting Amer's personal experiences. The season has been lauded for its authentic portrayal of the refugee experience, blending humour with poignant storytelling. In addition to his television work, Amer embarked on the El Oso Palestino Tour, performing stand-up shows that highlight his unique perspective as a Palestinian-Texan comedian. Critics have lauded his ability to intertwine personal narratives with broader socio-political commentary continues to resonate with audiences worldwide, solidifying his place as a significant voice in contemporary comedy.

100 MOST POWERFUL ARABS 2025

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NORA ALMATROOSHI, astronaut

A

lMatrooshi, the first female Emirati and Arab woman astronaut, was selected as part of the UAE Astronaut Programme’s second cohort in 2021. She holds a bachelor’s degree in mechanical engineering from the United Arab Emirates University and has completed a semester at Vaasa University of Applied Sciences in Finland. She has also achieved another milestone by becoming the first Arab woman to complete NASA’s rigorous training programme.

ORIGIN: UAE

SPECIAL REPORT

RESIDENCE: UAE

SECTOR: SPACE

Professionally, she has worked as a piping engineer at the National Petroleum Construction Company(NPCC) and later served as a technical specialist at ADNOC. Beyond her space endeavours, she represented her country at the UN International youth conferences in 2018 and 2019. Looking ahead, AlMatrooshi aspires to participate in lunar missions, stating that her ideal space mission would be to “set foot on the moon”.

2024 RANK: 97

99

NADINE LABAKI, director and actress

L

abaki is a Lebanese director, actress and activist known for her powerful storytelling and social impact. Born in 1974, in Baadbat, Lebanon, she studied audiovisual arts at Saint Joseph University in Beirut. Her directional debut was with Caramel in 2007, a critically acclaimed film, that premiered at Cannes Film Festival. She is known for representing everyday aspects of Lebanese life and covering a range of political issues

NEW ORIGIN: LEBANON

RESIDENCE: LEBANON

100

KARIM GHARBI, musician and tech entrpreneur

SECTOR: CULTURE AND SOCIETY

K

arim Gharbi, known globally as �K2’, is a Tunisian-French rapper, entrepreneur, and philanthropist. Rising from Tunisia’s hip-hop scene, K2 built an international career, collaborating with stars such as Snoop Dogg, DJ Khaled and Fat Joe. On Instagram alone, he has over 1.5 million followers, making him an entertainment icon, particularly in North Africa. He is also recognised for seamlessly ORIGIN: TUNISIA

RESIDENCE: UAE

such as war, poverty and feminism. Her 2018 film Capernaum earned her an Academy Award nomination for Best Foreign Language Film, making her the first female Arab director to achieve this milestone. In 2024, she was selected as a jury member at the 77th Cannes Film Festival.

Labaki remains a powerful voice in global cinema, using film to highlight on social and humanitarian issues worldwide.

blending music, business, and tech. As CEO of K2 Meta, he invests in blockchain, Web3, and emerging tech, focusing on long-term, scalable solutions. His philanthropic initiatives span renovating schools and providing medical aid in Tunisia, reflecting his commitment to social impact. Despite his earlier ‘bad boy’ image, K2 has pivoted to business leadership, highlighting his flexibility and impact.

NEW

SECTOR: CULTURE AND SOCIETY

METHODOLOGY Gulf Business looked at the events of 2024-25 and rated the listees on the basis of four criteria: financial capital, human capital, expansion plans and level of personal fame.

In general, Gulf Business has excluded politicians and royalty, unless the contenders have a strong leaning towards business activity. We have included Arabs from across the world.

Photo credits : Supplied / Getty Images / mgx / Ahmed Abdelwahab

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GULF BUSINESS ARAB POWER LIST 2025 2025 RANKING | NAME (COMPANY) | 2024 RANKING | NEW

SPECIAL REPORT

01 HH Sheikh Tahnoon Bin Zayed Al Nahyan (ADIA, MGX, G42, IHC, ADQ and Royal Group) NEW 02 Sultan Al Jaber (ADNOC) 2 03 Yasir Al Rumayyan (Governor,Public Investment Fund,Aramco) 1 04 HH Sheikh Ahmed Bin Saeed Al Maktoum (EK Group,ENBD) 3 05 Khaldoon Khalifa Al Mubarak (Mubadala) 5 06 Saad Sherida Al-Kaabi (QatarEnergy/MD,Industries Qatar) 4 07 Mohammed Al Abbar (Emaar/ Noon) 7 08 Amin H Naseer, (Aramco) 6 09 Mohammed Al Hammadi (ENEC) 9 10 HH Prince Alwaleed Bin Talal Al Saud (Kingdom Holding) 10 11 Sultan Ahmed bin Sulayem (DP world) 11 12 Carlos Slim Helu ( America Movil) 8 13 Abdulla Mubarak Al Khalifa (Qatar National Bank) 14 14 Abdul Aziz Al Ghurair (Mashreq) 13 15 Hana Al Rostamani (FAB) 15 16 Mohammed Saif Al Sowaidi (Qatar Investment Authority) NEW 17 Mohammed Ibrahim Al Shaibani (ICD) 16 18 Sarah bint Yousif Al Amiri, UAE Minister of Education 17 19 Salem Humaid Al Marri (MBRSC) 18 20 Lubna Suliman Olayan (Saudi Awwal Bank) 19 21 Essa Kazim (DIFC) 20 22 Mohammed Khalifa Al Mubarak (Aldar,DCT Abu Dhabi) 21 23 Fahd Hamidaddin (Saudi Tourism Authority) 22 24 HH Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer (Almarai) 23 25 Saeed Mohammed Al Ghamdi (Saudi National Bank) 24 26 Sarah Al Suhaimi ( Saudi Tadawul) 25 27 Dr Raja Al Gurg (Essa Saleh Al Gurg) 26 28 Mohamed Salah (Liverpool FC) 29 29 Ayman Mohammed Alsayari ( Saudi Central Bank (SAMA) 30 30 Helal Al Marri (Dubai’s Department of Economy and Tourism) 31 31 HH Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani (Qatar Museums) 32 32 Sultan AlNeyadi (Astronaut) 27 33 Reem Al Hashimy (Expo City Dubai Authority) 28

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34 Abdulrahman Saleh Al-Fageeh (SABIC) 34 35 Elie Habib and Eddy Maroun (Anghami) 33 36 Mohammed Abdul Latif Jameel (Abdul Latif Jameel) 35 37 Olayan Mohammed Alwetaid (stc Group) 41 38 Sheikh Sulaiman bin Abdulaziz AlRajhi (AlRajhi Bank) 38 39 Bader Nasser Al-Kharafi (Zain Group) 40 40 Mohamed Ali Al Shorafa Al Hammadi (DMT/Etihad Aviation Group) 39 41 Hatem Dowidar (e& Group) 45 42 Khalaf Al Habtoor (Al Habtoor Group) 36 43 Faisal Al Bannai (EDGE Group) 43 44 Mohammed Alshaya (Alshaya Group) 42 45 Mohamed Mansour (Mansour Group) 44 46 Mohamed Juma Al Shamisi (AD Ports Group) 46 47 Nayla Hayek (Swatch Group / Harry Winston) 37 48 Karim Awad (EFG Hermes Holding) 47 49 Nassef Sawiris (OCI / Aston Villa FC) 49 50 Mohammed bin Mahfoodh Alardhi (Investcorp) 48 51 Khalid Al Rumaihi (ALBA) 50 52 Aziz Aluthman Fakhroo (Ooredoo) 51 53 Naguib Sawiris (Orascom Investment Holding) 52 54 Adel Abdulla Ali (Air Arabia) 53 55 Issam Kazim (Dubai Corporation for Tourism and Commerce Marketing) 54 56 Ala’a Eraiqat (Abu Dhabi Commercial Bank) 55 57 Mohammad A Baker (GMG) 56 58 Mohammad Ali bin Rashed Lootah (Dubai Chambers) 57 59 Ghaith Al Ghaith (flydubai) 58 60 Abdulla Jassem Kalban (Emirates Global Aluminium) 59 61 Hussain Sajwani (Damac) 74 62 Kutayba Yusuf Alghanim (Alghanim Industries) 60 63 Wadha Ahmed Al-Khateeb (Kuwait National Petroleum Company) 62 64 Badr Mohammed Al Meer (Qatar Airways) 71 65 Tarek Sultan (Agility) 66 66 Mona Ataya (Mumzworld) 63

67 Hesham Al Qassim (wasl Asset Management) 64 68 Khaled Mohammed Balama (Central Bank of UAE) 67 69 Sheikh Abdullah bin Bayyah (UAE Fatwa Council) 65 70 Badr Jafar (Crescent Enterprises) 68 71 Mishal Hamed Kanoo (Kanoo Group) 69 72 Amal Suhail Bahwan (Bahwan group) 70 73 Elie Saab (Fashion designer) 61 74 Fadi Ghandour (Wamda/Aramex) 72 75 Mazin Rashid Lamki (Energy Development Oman) 73 76 Fahad bin Nafel (Al Hilal Football Club) 75 77 Shaikha Khaled Al Baha (National Bank of Kuwait) 77 78 Mohammed Abu Ghazaleh (Fresh Del Monte) 82 79 DJ Khaled (Musician) 76 80 Dr Amina Al Rostamani (AW Rostamani Group) 80 81 Othman Benjelloun (Bank of Africa) 79 82 Huda Kattan and Mona Kattan (Huda Beauty/Kayali) NEW 83 Ronaldo Mouchawar (Souq.com / Amazon MENA) 81 84 Juma Al Majid (Juma Al Majid) 83 85 Mohammed Hussein Ali Al Amoudi (MIDROC) 85 86 Omar Al Futtaim (Al-Futtaim Group) 94 87 Mariam Al Mheiri (2PointZero) NEW 88 Zaid S Al Khayyat (Al Khayyat Investments) 89 89 Rayyanah Barnawi (Astronaut) 87 90 Ons Jabeur (Tennis player) 78 91 Amr Diab (Singer) 93 92 Mona Almoayyed (Y.K. Almoayyed & Sons / Edbaa Bank) 90 93 Nezha Hayat (Moroccan Capital Market Authority) 92 94 Nadir Al-Koraya (Riyad Bank) 95 95 Mutaz Essa Barshim (Track and field athlete) NEW 96 Raed Barqawi (Al Khaleej) 96 97 Mo Amer (Comedian, writer, producer) 98 98 Nora Al Matrooshi (Astronaut) 97 99 Nadine Labaki (Director and actress) NEW 100 Karim Gharbi (Musician and tech entrepreneur) NEW

SPECIAL REPORT

RESIDENCE 03

AT A GLANCE

US

OUR LIST FEATURES THE ARAB WORLD’S MOST IMPACTFUL AND INFLUENTIAL INDIVIDUALS. HERE, WE LOOK AT WHERE THEY RESIDE, THE GENDER BALANCE, AND SECTORS THEY OPERATE IN

Switzerland Oman Bahrain

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17

Saudi Arabia

UAE

Qatar Mexico UK

Lebanon Morocco

Kuwait

Tunisia

Egypt

07

0

01

02 5

03

03

03

02 02

GENDER 01

30

DESIGNATIONS

FOUNDER

01

25

CHAIRPERSON

PRESIDENT

OTHERS

17

NEW 06

62

05

04

03

06

Politics and Sustainability

04

Manufacturing

03

Science, Education, Space and Tech

03

Tourism

Telecoms

04

Retail

Sports

02

Real Estate

FMCG 18

Logistics

06

Finance

Energy 26

15

SECTORS

Industry

11

CEO / MD

Diversified

Culture and Society Aviation 03

11

33 RANKS Female Male

01

01

01

53

Lifestyle / Automotive

Pics: Neesha Salian | Supplied

ON THE HIGH ROAD FROM CUSTOMISATION TO GROWTH PLANS, PAUL O’CALLAGHAN, GENERAL MANAGER OF HARLEYDAVIDSON IN ABU DHABI AND DUBAI, SHARES INSIGHTS INTO THE BRAND

BY NEESHA SALIAN

Harley-Davidson has a strong community spirit.

What fosters this deep sense of camaraderie among riders?

Harley-Davidson riders transcend social classes. The moment someone puts on their helmet and jumps on a bike — whether it’s an old or new Harley — the passion for riding unites them. This shared enthusiasm creates a brotherhood and sisterhood that makes Harley-Davidson more than just a brand; it’s a way of life. Over generations, this sense of belonging has only grown stronger, binding people together through their love for the open road and social connection.

How strong is the HarleyDavidson community in the UAE?

Incredibly strong. The Harley Owners Group (H.O.G.) has well-supported chapters in Dubai and Abu Dhabi. The Enigmas Motorcycle Club, who helped launch our latest initiative, Mid-Life Check, are another key part of this vibrant riding culture.

How has 2024 been for Harley-Davidson in the region, and what are your expectations for 2025?

The year 2024 has been a solid one — revenues and market share are up. But there’s always room for growth. We’re gearing up for an exciting 2025, with new models launching soon. Our upcoming open house will showcase these next-generation bikes.

How would you describe the HarleyDavidson personality?

What is your focus for leading HarleyDavidson forward?

Harley-Davidson is open to everyone.

It’s inclusive, welcoming, and transcends boundaries, uniting communities through a shared passion for riding.

My focus is on brand awareness, partnerships, and expanding our customer base.

It’s not just about selling bikes; it’s about embedding the brand into everyday life — through riding, fashion, and accessories.

We’re exploring new ways to market the non-riding aspects of Harley-Davidson, making it more accessible in Dubai’s lifestyle scene.

Beyond bike sales, our used service park is crucial. We want to recapture service

How has Harley-Davidson evolved in the region? What trends are shaping customer demographics?

Dubai has transformed significantly over the last 30 years, and we’ve adapted alongside it. The demographic has widened with more international workers and expats embracing the brand. Locals, too, appreciate Harley-Davidson as both a lifestyle symbol and a collector’s item.

Not everyone is a rider — some are enthusiasts or are collectors. As our original customers age, we’re continuously engaging younger generations. Female riders have also become a major part of our community, marking a significant shift over the years.

Harley-Davidson welcomes everyone, and we’ve evolved to reflect that.

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opportunities, especially during Dubai’s quieter summer months. Many customers travel, so we offer a service where we upgrade, customise and detail their bikes while they’re away, ensuring they return to a refreshed ride.

How important is customisation for your customers?

Customisation is at the heart of HarleyDavidson. Every bike has the potential to be one-of-a-kind. Our specialists guide customers through their customisation journey, ensuring modifications suit their style and needs. It’s more than selecting parts from a catalogue — it’s about crafting a personal connection with the bike.

We also work to break down barriers, making our space welcoming, especially for female riders entering what was traditionally seen as a male-dominated arena.

What would you recommend to someone new to Harley-Davidson who wants to start riding?

It depends on their experience. If they’re new to riding, we suggest something light, agile, and affordable to ease them into the brand. If they have riding experience, we tailor recommendations based on their style — whether touring, cruising, or adventure riding.

Which Harley-Davidson models are most popular in the UAE?

Our touring models are a favourite. These big bikes are built for long journeys, equipped with satellite navigation, Bluetooth, large displays, and premium sound systems — perfect for exploring the open road with comfort and style.

What’s your favourite Harley-Davidson model?

The Softail Breakout. It’s been my go-to bike since its launch, and it still is. gulfbusiness.com

Pics: Supplied

BRAND VIEW

GCC’s maturing IPO market — and what to expect next Investor appetite in the Gulf is evolving, says Mohamed Ebeid, co-chief executive officer of EFG Hermes, an EFG Holding company. with a shift toward quality issuers, long-term capital, and sector-focused plays in tech, healthcare and education The GCC IPO pipeline has remained resilient despite global headwinds.

What’s your current assessment of investor appetite for IPOs in the region, particularly in markets like Saudi Arabia and the UAE? Investor appetite in the region remains strong across local, regional, and international participants. That said, over the past 12 months we’ve observed a shift toward greater selectivity. Investors are now more focused on specific sectors and high-quality issuers rather than participating across the board.

Additionally, recent corrections in regional equity markets have moderated valuation expectations, placing more scrutiny on new issuance pricing to ensure alignment with current market realities.

EFG Hermes acted as joint bookrunner on Alpha Data’s recent DFM listing. How did that IPO perform relative to expectations, and what does it tell us about the tech and digital services investment story in the UAE? The Alpha Data IPO outperformed other recent equity offerings in the UAE . While the transaction size was more modest than others, investor interest was high, reflecting strong confidence in the company’s fundamentals. Alpha Data’s established market position, consistent

Mohamed Ebeid profitability, and diversified service offering — particularly in IT infrastructure and digital transformation — resonated well with both institutional and retail investors.

The deal underlines growing investor appetite for profitable, scalable tech companies that are driving innovation and operational excellence in the UAE. Valu has been one of MENA’s most talked-about fintechs — what’s the

Investor appetite in the region remains strong across local, regional, and international participants. That said, over the past 12 months we’ve observed a shift toward greater selectivity.”

latest on its potential IPO, and how is EFG approaching the timing and structure for a listing?

The EFG Holding board has just announced a first-of-its-kind transaction, where it will distribute 20 per cent of Valu to its shareholders in the coming months.

With this distribution, the company will become listed on the EGX and traded freely by all. Following the board’s approval, we will be approaching our general meeting for their approval in May, with trading expected to take place in June.

How are institutional investors currently viewing GCC IPOs? Are we seeing more long-term capital come in, or is there still a tilt toward short-term gains post-listing?

We’ve seen a significant structural evolution in the GCC equity capital markets over the past three years.

Sovereign wealth funds’ capital recycling programmes, consistent allocations to regional asset managers, and wealth creation among family offices, particularly in light of major infrastructure investments, have all contributed to a more stable and maturing investor base. This has fostered a healthy supply-demand dynamic and increased long-term participation. While short-term gains remain attractive to certain retail investors and hedge funds, the overall trend is toward a more strategic, long-term investment approach.

Looking ahead, which sectors do you see as the next big IPO plays in the GCC, and how is EFG positioning itself to lead or participate in those future deals?

We believe consumer, healthcare and education sectors will remain top of mind for institutional investors, offering compelling opportunities for IPOs in the region. At EFG Hermes, our strategy emphasises early engagement, bringing together prospective issuers and investors well before a transaction is live. This approach allows us to shape and refine the equity story collaboratively, ensuring both parties are aligned and well-prepared when the company decides to come to market. It also enables us to provide valuable investor feedback early on, helping companies optimse their positioning and readiness.

Business leaders and government representatives recently gathered in Central London to explore opportunities in the UAE and strengthen UK-UAE trade ties

Building a thriving British business community in Dubai More UK entrepreneurs and companies than ever before are choosing Dubai as their gateway to the region. As a result, the British Chamber of Commerce Dubai (BCCD) is stepping up its efforts to provide community, connectivity and expert guidance

A

s Dubai continues to evolve into a strategic global hub for British businesses and entrepreneurs, the British Chamber of Commerce Dubai (BCCD) remains at the forefront of community building, connectivity and knowledge sharing.

Since 1987, the BCCD has played a key role in supporting UK companies looking to establish and grow in the UAE. “Networks and word-of-mouth are vital in this region,” says Katy Holmes, CEO of BCCD. “Our role is to expertly connect businesses, celebrate our members’ success, and share timely market insights and regulatory updates.”

With more than three decades of experience, the BCCD has become a trusted partner for both newcomers and long-established firms. Its unique position lies in understanding both the business landscape and the human side of relocation.

In line with the UAE’s Year of Community, the BCCD continues to focus not just on

commercial engagement but also on the human experience of relocation.

“Our role goes beyond the business benefits,” says Holmes. “Leaving your home country to start or grow a business can be overwhelming. Expats often need to recreate a life and support network from scratch — and local communities play a vital role in anchoring that transition.”

In 2024, 30 per cent of the BCCD’s new members were recent arrivals in Dubai.

To support this growing demand, the

Our role is to expertly connect businesses, celebrate our members’ success, and share timely market insights and regulatory updates.”

Chamber has expanded its footprint back into the UK. “We have started hosting business events directly in the UK,” Holmes explains, “connecting UK-based companies with UAE stakeholders to share expertise on business and life in the Gulf.”

EXTENDING THE MESSAGE TO THE UK

The BCCD’s most recent UK engagement took place in London on March 19–20.

On March 19, the chamber hosted a business briefing titled ‘Doing Business in Dubai’, attended by over 120 organisations. This was followed by a high-level stakeholder reception on March 20 at The MAINE Mayfair.

“The reception forms part of our ongoing programme supporting British businesses exploring Dubai and the wider region,” Holmes said. Senior attendees included representatives from Ras Al Khaimah Economic Zone (RAKEZ), Fragomen, WellTax, Cigna Healthcare Middle East & Africa, International Free Zone Authority (IFZA), Motivate Media Group, and UK government bodies.

RAKEZ’s lead sponsorship reflected shared priorities. “Our shared goals made them a natural fit,” Holmes noted.

Guests also received copies of Don’t They Know It’s Friday? by Jeremy Williams OBE — published by Motivate Books — highlighting the Chamber’s commitment to cultural understanding alongside commercial support.

With over 1,000 active members, a growing digital reach and more than 70 events annually across Dubai, Ras Al Khaimah and now the UK, the BCCD continues to be a vital connector in the UK-UAE business corridor.

Follow BCCD on LinkedIn or visit www. britishchamberdubai. com to learn more.

Pics: Supplied

Guests connected over shared opportunities in Dubai and the wider GCC region at the BCCD’s latest event in Central London on March 19-20, 2025

REWARDING EXCELLENCE IN BUSINESS TRAVEL AND HOSPITALITY

SHORTLIST ANNOUNCED VIEW HERE

For event sponsorship, table bookings and general enquiries: • chaitali.khimji@motivate.ae • murali@motivate.ae

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‫برنامج وثائقي قيد اإلنتاج‬

‫قانون «‪..»K2‬‬

‫‪ 5‬قواعد يلتزم بها‪:‬‬ ‫التكيف السريع‪« :‬ال يسعك البقاء على وضعك من‬ ‫ّ‬ ‫ً‬ ‫دون حراك؛ فالتطور هو األهم ً‬ ‫وأخيرا»‪.‬‬ ‫أوال‬ ‫التفكير بعقل المبدع والتصرف بعقلية الخبير‬ ‫االستراتيجي‪.‬‬

‫إقامة شراكات تتعدى أهميتها حدود بنودها‪.‬‬ ‫االلتزام واالنضباط في سبيل تحقيق األحالم‬ ‫واألهداف‪.‬‬

‫ً‬ ‫دوما وتطلع إلى المستقبل باستمرار‪.‬‬ ‫تذكر أصولك‬

‫يستعرض «‪ »K2‬قصته في برنامج وثائقي يتطرق إلى قصة‬ ‫حياته سوف يتم بثه قريباً ؛ ففي الوقت الراهن يتواصل إنتاج‬ ‫البرنامج التلفزيوني لعرضه في الشرق األوسط‪ ،‬على أن‬ ‫يتناول التحول المفاجئ في مسيرته‪.‬‬ ‫عن هذه التجربة‪ ،‬يقول «‪« :»K2‬إنها قصة عن التجديد‬ ‫والمرونة‪ ،‬وهي ال تستعرض النجاحات فقط‪ ،‬وإنما تتناول‬ ‫التحديات والعبر المستفادة طوال مسيرتي الحافلة»‪.‬‬ ‫كذلك‪ ،‬ينوه «‪ »K2‬إلى أن الوثائقي ليس للتباهي أو‬ ‫إشباع الغرور‪ ،‬وإنما وسيلة إللهام اآلخرين‪ ،‬ويقول‪« :‬آمل‬ ‫حقاً أن يدرك الجمهور ما يقاسيه المرء ليظل وفياً لرؤيته‪،‬‬ ‫وأن يدرك أهمية االستمرار والمثابرة مهما كانت التحديات»‪.‬‬ ‫قيمة‪ ،‬منها‬ ‫وأضاف‪« :‬أريد من الجمهور أن يدرك دروساً ّ‬ ‫أن العبرة ليست بأصول اإلنسان‪ ،‬وإنما بالوجهة التي يبلغها‬ ‫في نهاية رحلته»‪.‬‬

‫قوة الشراكات‬ ‫لطالما اعتنى «‪ »K2‬باألفراد من حوله سواء كان في مجال‬ ‫الموسيقى‪ ،‬أو عالم التكنولوجيا‪.‬‬ ‫يقول «‪« :»K2‬تزداد جدوى هذه الشراكات حينما يتفطن‬ ‫كل طرف إلى مكامن القوة الفريدة لآلخرين ويستفيد منها‪،‬‬ ‫فهذا األمر يطور تناغماً يعزز من النمو المتبادل لألطراف‬ ‫كلها»‪.‬‬ ‫ويصف «‪ »K2‬أهم العبر التي استخلصها من العمل مع‬ ‫المشاهير‪ ،‬فيقول عنها‪« :‬تستدعي أفضل الفرص في مجال‬ ‫األعمال‪ ،‬كما الموسيقى‪ ،‬الشجاعة للمبادرة والتكيف‪ ،‬عوضاً‬ ‫عن انتظار اللحظة المثالية»‪.‬‬ ‫أن النجاح ليس مرهوناً بالحيطة وعدم‬ ‫يرى «‪ّ »K2‬‬ ‫المجازفة‪ ،‬وإنما يتوقف على التفكير الجريء‪ ،‬والمبادرة‬ ‫مشترك بين الموسيقى واألعمال‬ ‫ٍ‬ ‫إرث‬ ‫السريعة‪ ،‬وإقامة ٍ‬ ‫واألثر الطيب‪.‬‬ ‫وفي نهاية اللقاء‪ ،‬يختم «‪ »K2‬حديثه ويقول‪« :‬أريد‬ ‫أن يتجلى إرثي في تحطيم الحواجز‪ ،‬وإيجاد فرص جديدة‬ ‫مثال للجيل القادم من الفنانين‬ ‫لألجيال القادمة‪ .‬إنني أضرب‬ ‫ً‬ ‫والمبتكرين ورواد األعمال بمنصتي كيه ‪ 2‬ميتا‪ ،‬واستثماراتي‬ ‫فضال عن األعمال الخيرية»‪.‬‬ ‫في الويب ‪،3‬‬ ‫ً‬

‫أرى أن اندماج العالمين الرقمي والحقيقي سيكون التحول‬

‫الكبير المقبل في مجال التكنولوجيا‪ ،‬وهذا يشمل تكنولوجيا‬

‫الواقع االفتراضي والواقع المعزز والملكية الرقمية‪ ،‬إلى جانب كيفية تأثيره‬ ‫في طريقة عملنا وتفاعلنا‪ ،‬حتى طريقة شرائنا لألشياء‪.‬‬ ‫‪gulfbusiness.com‬‬

‫أبريل ‪2025‬‬

‫‪11‬‬

‫موضوع الغالف ‪»K2« -‬‬

‫مسيرة «‪ »K2‬من غناء الراب إلى ريادة األعمال في مجال التكنولوجيا‬ ‫العام‬

‫أبرز المحطات‬

‫‪2025‬‬

‫توسيع نطاق تأثير ويب ‪ 3‬في منطقة الشرق األوسط وشمال أفريقيا والعالم‬

‫‪2023‬‬

‫اإلعالن عن تعاون جديد مع سنوب دوغ‪ ،‬يركز على التغيير االجتماعي‬

‫‪2022‬‬

‫انطالق عملية اإلنتاج لفيلم وثائقي يتناول مسيرته وأبرز تحوالتها‪.‬‬

‫‪2021‬‬

‫إطالق منصة كيه ‪ 2‬ميتا لالستثمار المتخصصة في تكنولوجيا سلسلة الكتل‬ ‫(بلوك تشين) والتكنولوجيا الناشئة‬

‫‪2020‬‬

‫قيادة جهود اإلغاثة خالل تفشي وباء كوفيد في تونس‪.‬‬

‫‪2010s‬‬

‫التعاون مع سنوب دوغ‪ ،‬ودي جي خالد‪ ،‬وفات جو‪ ،‬ورونالدينيو‪،‬‬ ‫وذا جيم‪ ،‬وتي – بين‪.‬‬

‫‪2009 - 2007‬‬

‫اكتسب شهرة واسعة في أوروبا‪ ،‬وأصبح يجسد صورة المغني «المشاكس»‬ ‫في عالم الراب‪.‬‬

‫‪1996‬‬

‫االنتقال إلى فرنسا‪ ،‬حيث صقل موهبته وتعلم صناعة الموسيقى‪.‬‬

‫‪1994‬‬

‫بدأ مسيرته الفنية في تونس‪ ،‬وانغمس في أجواء ثقافة الهيب هوب الصاعدة‪.‬‬

‫استفاد «‪ »K2‬من هذا الحدس القوي بتغير المزاج العام‪ ،‬فكان يستبق‬ ‫يروج لها بين العامة‪ ،‬ويقول‪« :‬أرى أن اندماج‬ ‫التطورات التكنولوجية قبل أن ّ‬ ‫العالمين الرقمي والحقيقي سيكون التحول الكبير المقبل في مجال‬ ‫التكنولوجيا‪ ،‬وهذا يشمل تكنولوجيا الواقع االفتراضي والواقع المعزز‬ ‫والملكية الرقمية‪ ،‬إلى جانب كيفية تأثيره في طريقة عملنا وتفاعلنا‪ ،‬حتى‬ ‫طريقة شرائنا لألشياء»‪.‬‬ ‫عالوة على ذلك‪ ،‬يحدد «‪ »K2‬مساره وفقاً لهذه المعطيات معتمداً‬ ‫مستقبال تندمج فيه المساحات‬ ‫على منصته كيه ‪ 2‬ميتا‪ ،‬ويقول‪« :‬نرى‬ ‫ً‬ ‫االفتراضية وتجارب العالم الحقيقي وتنسجم بطريقة سلسة وطبيعية»‪.‬‬

‫مستقبل واعد ينتظر الشرق األوسط‬ ‫تفاؤال كبيراً بمستقبل منطقة الشرق األوسط على الصعيد‬ ‫يبدي «‪»K2‬‬ ‫ً‬ ‫الرقمي بعدما استقر به‪ ،‬ويقول‪« :‬ثمة نقلة نوعية في مجال التكنولوجيا‬ ‫بمنطقة الشرق األوسط‪ ،‬وفي رأيي الخاص‪ ،‬ما هذه سوى البداية فقط؛‬ ‫فاالستثمارات في التكنولوجيا المالية والويب ‪ 3‬هائلة‪ ،‬وأعتقد أن المنطقة‬ ‫ستتحول لتصبح مركزاً حقيقياً لالبتكار»‪.‬‬ ‫في هذا السياق‪ ،‬يشير «‪ »K2‬إلى جاذبية الشرق األوسط التي تتجلى‬ ‫في الطموح والرؤية‪ ،‬ويقول‪« :‬لعل ما يلهمني كثيراً هنا هو الفرصة‬ ‫السانحة البتكار حلول ال تقتصر فوائدها على الساحة المحلية فقط‪ ،‬وإنما‬ ‫تتميز كذلك بتأثيرها العالمي»‪.‬‬ ‫‪ 10‬أبريل ‪2025‬‬

‫األعمال الخيرية الهادفة‬ ‫يتمسك «‪ »K2‬بجذوره على الرغم من نجاحه الكبير‪،‬‬ ‫ينس أصوله قط ويقول‪« :‬أنحدر من عائلة‬ ‫إذ لم َ‬ ‫بسيطة‪ ،‬ورأيت العديد من األشخاص الذين عانوا‬ ‫مثلي في الماضي‪ .‬لهذا بادرت بكل ما في وسعي‬ ‫حينما سنحت الفرصة أمامي إلى رد الجميل»‪.‬‬ ‫لقد حرص «‪ »K2‬على غرس األعمال الخيرية‬ ‫في جوهر أعماله‪ ،‬سواء بتجديد المدارس أو تقديم‬ ‫المعونة الطبية خالل تفشي وباء كوفيد – ‪ .19‬كما‬ ‫فضال‬ ‫أنه يستمر في دعم دور األيتام والمسنين‪،‬‬ ‫ً‬ ‫عن المبادرات التي تكافح سوء التغذية‪ .‬يقول‬ ‫«‪« :»K2‬يتجاوز األمر مجرد العطاء‪ ،‬ليشمل تطوير‬ ‫منظومات متكاملة إلحداث تأثيرات مستدامة‬ ‫على المدى الطويل»‪ .‬ويشير «‪ »K2‬إلى أن إقامة‬ ‫بدال من توفير المساعدات‬ ‫منظومات متكاملة‬ ‫ً‬ ‫المؤقتة هو هدفه على المدى الطويل‪ ،‬وأضاف‪:‬‬ ‫بدال من المؤقتة‪،‬‬ ‫«أسعى إلى تقديم حلول دائمة ً‬ ‫وأرغب في أن يدوم تأثيرها لمدة طويلة‪ .‬كما أهدف‬ ‫إلى توفير الفرص للناس ليتمكنوا من االعتماد على‬ ‫أنفسهم لتحقيق االزدهار في حياتهم دائماً »‪.‬‬ ‫‪gulfbusiness.com‬‬

‫موضوع الغالف ‪»K2« -‬‬

‫لي العمل مع سنوب دوغ‪ ،‬ونعتزم التعاون مجدداً ‪ ،‬على‬ ‫ملمحاً ‪« :‬سبق َ‬ ‫أن يحصل ذلك برؤية مشتركة لالستفادة من الموسيقى والتقنية وريادة‬ ‫األعمال لقيادة التغيير االجتماعي»‪.‬‬ ‫وإلى جانب منصة «كيه ‪ 2‬ميتا»‪ ،‬يشارك «‪ »K2‬في مشاريع ترفيهية تعنى‬ ‫بجوانب الحصرية واالبتكار‪ ،‬فتنسجم اللحظات الثقافية بالتقدم الرقمي‪.‬‬

‫منصة كيه ‪ 2‬ميتا‪ ..‬نظرة على المستقبل‬ ‫تُ عد هذه المنصة من بنات أفكار «‪ ،»K2‬ونقطة انطالقه نحو عالم‬ ‫االستثمار في األصول الرقمية‪ .‬فهذه المنصة تدعم التكنولوجيا التي تُ عرف‬ ‫بـ «المنفعة الواقعية»‪ ،‬على حد وصفه‪ ،‬وال تقتصر على الضجة اإلعالمية‪.‬‬ ‫يقول «‪« :»K2‬ال تقتصر أهمية األصول الرقمية على قيمتها‪ ،‬بل تتعداها‬ ‫إلى معالجة مشكالت العالم؛ فمستقبل الملكية والهوية الرقمية يتجلى‬ ‫في تكنولوجيا سلسلة الكتل (بلوك تشين)‪ ،‬والتمويل الال مركزي‪ ،‬والعقود‬ ‫الذكية»‪.‬‬ ‫ال يسعى «‪ »K2‬إلى مواكبة الصيحات‪ ،‬وإنما يوجه تركيزه نحو المستقبل‪،‬‬ ‫حيث يقول‪« :‬نوجه تركيزنا على المدى الطويل‪ ،‬ونحرص دائماً على دعم‬ ‫االبتكارات التي ستنعكس إيجاباً على المجتمع»‪.‬‬ ‫اكتسبت منصة كيه ‪ 2‬ميتا مصداقيتها من هذه النظرة بعيدة المدى‬ ‫يعج بالضجيج‪ .‬كما أن لدى «‪ »K2‬رؤية ثقافية ثاقبة تبصر‬ ‫وسط مجال‬ ‫ّ‬ ‫الفرص‪ ،‬حيث يخشى اآلخرون التقلبات‪.‬‬

‫اإلبداع هو العملة الحقيقة‬

‫لعل التحدي األكبر كان‬ ‫على األرجح يكمن في‬

‫تغيير رأي الناس في‬

‫شخصي‪ .‬حين عمدت‬

‫إلى تغيير مساري نحو‬

‫قطاع األعمال التجارية‪،‬‬

‫كان الوقت قد حان ألريهم‬

‫ما تعلمته طوال مسيرتي‬ ‫في صناعة الموسيقى‪.‬‬

‫يقول «‪« :»K2‬لطالما أفادني شغفي بالموسيقى‪ ،‬من حيث مواكبة‬ ‫المستجدات على الصعيد الثقافي‪ ،‬إذ إن االطالع على األمور التي تتداولها‬ ‫ألسنة الناس وأحدث التوجهات من شأنه أن يساعدني على اتخاذ القرارات‬ ‫المناسبة في أعمالي أيضاً »‪.‬‬

‫حقائق وأرقام‬

‫أكثر من ‪ 2.5‬مليون‬ ‫متابع عبر فيسبوك‪.‬‬

‫أكثر من ‪ 1.5‬مليون‬ ‫متابع عبر إنستغرام‪.‬‬

‫أكثر من ‪ 10‬أعمال‬ ‫موسيقية بالتعاون‬ ‫مع فنانين عالميين‪،‬‬

‫مثل سنوب دوغ‪ ،‬ودي جي خالد‪ ،‬وفات‬ ‫جو‪ ،‬وتي – بين‪ ،‬وذا جيم‪ ،‬ورونالدينيو‪.‬‬

‫ً‬ ‫خبرة تزيد على ‪20‬‬ ‫عاما في مجال الموسيقى والترفيه‪.‬‬ ‫مؤسس «كيه ‪ 2‬ميتا»‪،‬‬ ‫منصة استثمارية مقرها دولة‬ ‫اإلمارات العربية المتحدة تُ ركز‬ ‫على تكنولوجيا سلسلة الكتل‬ ‫(بلوك تشين)‪ ،‬والعمالت الرقمية‪،‬‬ ‫والتقنيات الناشئة‪.‬‬

‫‪gulfbusiness.com‬‬

‫صاحب مشاريع خيرية كثيرة منها‪:‬‬ ‫تجديد المدارس‪ ،‬وتقديم المساعدات‬ ‫الغذائية والطبية خالل جائحة وباء‬ ‫كوفيد – ‪ ،19‬وتوفير الرعاية لأليتام‬ ‫والمسنين في تونس‪.‬‬

‫مستثمر بارز في‬ ‫تكنولوجيا الويب ‪3‬‬ ‫وتكنولوجيا الملكية الرقمية‪.‬‬

‫يتقن التحدث باللغات‬ ‫العربية‪ ،‬والفرنسية‪،‬‬ ‫واإلنجليزية‪.‬‬

‫أبريل ‪2025‬‬

‫‪9‬‬

‫تغير جوهري‬ ‫كانت شخصية «‪ »K2‬في بداياته تعكس نموذجاً لمغني الراب «المشاكس»‬ ‫ذكاء ومهتماً‬ ‫من شمال أفريقيا‪ ،‬أما اآلن فقد صقلتها التجارب وأصبح أكثر‬ ‫ً‬ ‫إلى أبعد حد بالتقنيات الحديثة‪ .‬ففي الوقت الراهن يتولى «‪ »K2‬قيادة‬ ‫منصة ‪ ،K2 Meta‬وهي منصة استثمارية تكنولوجية تركز على تقنية سلسلة‬ ‫الكتل (بلوك تشين) والعمالت الرقمية المشفرة واالبتكارات المستقبلية‪.‬‬ ‫الهين‪ ،‬في‬ ‫لم يكن هذا التحول من الهيب الهوب إلى عالم األموال باألمر ّ‬ ‫هذا الشأن يقول «‪« :»K2‬لعل التحدي األكبر كان على األرجح يكمن في‬ ‫تغيير رأي الناس في شخصي»‪ .‬وأضاف‪« :‬حين عمدت إلى تغيير مساري نحو‬ ‫‪ 8‬أبريل ‪2025‬‬

‫‪Getty Images‬‬

‫ترعرع‬

‫«‪ »K2‬في تونس بينما كان شاباً يبلور‬ ‫شخصيته بموسيقى الهيب هوب‪،‬‬ ‫وصعوده ونجاحه أبعد ما يكون عن القصص‬ ‫التقليدية؛ فقبل أن يبرم الصفقات التجارية ويتصفح قوائم «سلسلة الكتل»‬ ‫(بلوك تشين)‪ ،‬كان يغني الشعر ويشارك في جوالت موسيقية برفقة‬ ‫مجموعة من أساطير الموسيقى‪ ،‬بمن فيهم شركاؤه المعروفون من‬ ‫النجوم الساطعة في موسيقى الهيب هوب‪ ،‬مثل سنوب دوغ‪ ،‬ودي جي‬ ‫خالد‪ ،‬وفات جو‪.‬‬ ‫يقول «‪« :»K2‬لطالما كانت الموسيقى جانباً محورياً في شخصيتي‪ ،‬فقد‬ ‫نشأت في تونس‪ ،‬حيث كانت الهيب هوب وسيلتي للتعبير عن مكنونات‬ ‫نفسي والدفاع عن قضايا أكبر؛ فلم تكن مجرد نوع موسيقي»‪.‬‬ ‫عبر «‪ »K2‬عن نفسه بأمثل طريقة عبر المقاطع‬ ‫هذا صحيح؛ فقد ّ‬ ‫الموسيقية واإليقاعات وجاذبيته الطاغية التي نقلته من الشهرة المحلية‬ ‫إلى المسارح الفنية العالمية‪ .‬كان يرى أن الموسيقى ليست مجرد أداء‬ ‫وحسب‪ ،‬وإنما ال بد لها من التحضير واالستعداد‪.‬‬ ‫يقول «‪« :»K2‬علمتني الموسيقى المثابرة ومنحتني جانباً إبداعياً أكبر‪،‬‬ ‫وعلمتني أن أتكيف وأبتكر وأهيئ الظروف ألحظى بالفرصة المناسبة»‪.‬‬ ‫وأضاف‪« :‬لم يقتصر عملي مع الفنانين من أمثال سنوب دوغ ودي جي‬ ‫خالد وفات جو على الموسيقى فقط‪ ،‬بل تجاوز ذلك إلى إقامة شراكات‬ ‫استراتيجية وتحويل شغفي إلى عالمة تجارية ناجحة»‪.‬‬ ‫تحول «‪ »K2‬من موسيقى الراب إلى‬ ‫تجلّ ت قيم هذه الخبرات حينما ّ‬ ‫مهنة جديدة في مسيرته‪.‬‬

‫قطاع األعمال التجارية‪ ،‬كان الوقت قد حان ألريهم‬ ‫ما تعلمته طوال مسيرتي في صناعة الموسيقى»‪.‬‬ ‫واقتضى ذلك منه االستفادة من المرونة التي‬ ‫متغافال بذلك‬ ‫اكتسبها من عالم الموسيقى –‬ ‫ً‬ ‫عن االنتقادات والرفض والمحرمات الثقافية –‬ ‫وتطبيقها في الجوانب الديناميكية لإلدارة‪ ،‬وعن‬ ‫هذا يقول‪« :‬أتعامل مع القرارات في مجال األعمال‬ ‫على أنها خطوات في لعبة شطرنج؛ فأعمد‬ ‫باستمرار إلى وضع استراتيجيات‪ ،‬وأخاطر بحذر‪،‬‬ ‫وأخطط مسبقاً لخطوات تالية عدة»‪.‬‬ ‫أثمر هذا النهج عن أسلوب قيادة يجمع بين‬ ‫الحدس والبيانات‪ ،‬وبين الغريزة وتحليل المواقف‬ ‫التنافسية‪.‬‬ ‫بلغ ُت هذه المكانة‬ ‫ْ‬ ‫يقول «‪« :»K2‬لقد‬ ‫بالمحافظة على تركيزي‪ ،‬والثقة بحدسي‪ ،‬وعدم‬ ‫الخشية من المخاطرة»‪.‬‬

‫البداية في تونس‪ ،‬واالنطالق‬ ‫نحو العالمية من فرنسا‬ ‫عانى «‪ »K2‬من صدمة ثقافية في بداياته‬ ‫الموسيقية‪ ،‬ويستذكر هذا األمر بقوله‪« :‬كان‬ ‫االنتقال إلى فرنسا شاقاً في بادئ األمر‪ ،‬لكنني‬ ‫تعلمت أموراً كثيرة عن مجال الموسيقى وعالقتها‬ ‫الوثيقة بريادة األعمال»‪.‬‬ ‫هناك في فرنسا تعلم «‪ »K2‬أهمية التسويق‪،‬‬ ‫وبناء العالمة التجارية الشخصية‪ ،‬والتطور‪ ،‬وهي‬ ‫جميعها مبادئ شكّ لت معالم أعماله فيما بعد‪،‬‬ ‫توجب عليه التطور باستمرار‪« :‬لقد‬ ‫وقد أفاد بأنه ّ‬ ‫علي أن أتطور دائماً »‪.‬‬ ‫ّ‬ ‫تعين ّ‬ ‫أثمر هذا التطور عن سلسلة مذهلة من التعاون‬ ‫على الصعيد العالمي‪ ،‬خاصة مع شخصيات شهيرة‬ ‫مثل تي – بين‪ ،‬ورونالدينيو‪ ،‬وذا جيم‪ .‬وأضاف‬ ‫‪gulfbusiness.com‬‬

»K2« - ‫موضوع الغالف‬

7

2025 ‫أبريل‬

gulfbusiness.com

‫من الموسيقى‬ ‫إلى «بلوك تشين»‬ ‫بدأت مسيرة «‪ »K2‬الفنية في مدينة تونس المليئة بالتحديات‪ ،‬قبل‬ ‫أن يسطع نجمه ويشارك بعروض في عالم الراب مع مشاهير‪ ،‬مثل‬ ‫سنوب دوغ ودي جي خالد‪ .‬واليوم‪ ،‬تحول «‪ »K2‬المقيم في دولة‬ ‫اإلمارات العربية المتحدة‪ ،‬إلى مستثمر رائد يتصدر مشهد تكنولوجيا‬ ‫«سلسلة الكتل» (بلوك تشين) والويب الال مركزي (ويب ‪ ،)3‬ويتابعه‬ ‫أكثر من ‪ 2.5‬مليون عبر حسابه في منصة فيسبوك‪ ،‬و‪ 1.5‬مليون‬ ‫عبر حسابه في منصة إنستغرام‪ .‬فيما يلي يتحدث «‪ »K2‬إلى‬ ‫«جلف بيزنس» حول الموسيقى‪ ،‬وتجديد مهنته‪ ،‬وبناء إرث بعيداً‬ ‫عن عالم الفن والغناء‪.‬‬ ‫بقلم‪ :‬غاريث فان زيل‬ ‫تحرير ومراجعة لغوية‪ :‬رحاب برهم‬ ‫الصور‪ :‬أحمد عبدالوهاب‬

‫‪ 6‬أبريل ‪2025‬‬

‫‪gulfbusiness.com‬‬

‫أبريل‬

‫‪2025‬‬

‫كلمة المحرر‬

‫الشخصية التي تبوأت قائمة أقوى‬ ‫‪ 100‬شخصية عربية في قيادة التغيير‬ ‫أصوال تزيد قيمتها‬ ‫حول العالم تدير‬ ‫ً‬ ‫على ‪ 1.4‬تريليون دوالر أميركي‬

‫حان‬

‫الوقت السنوي المنتظر لنكشف فيه عن‬ ‫قائمة تصنيفنا النهائية ألقوى ‪ 100‬شخصية‬ ‫عربية في قيادة التغيير حول العالم‪.‬‬ ‫هذه القائمة ليست مجرد استعراض سريع ألبرز الشخصيات‬ ‫تسمي لنا القادة العرب الذين يعيدون بلورة‬ ‫اإلقليمية‪ ،‬وإنما‬ ‫ّ‬ ‫وي ْح ِدثون أثراً ملموساً‬ ‫الصناعات‪،‬‬ ‫ويوجهون السياسات‪ُ ،‬‬ ‫ّ‬ ‫في األسواق الدولية؛ فإعداد هذه القائمة يتطلب أسابيع‬ ‫عدة من البحث المتعمق‪ ،‬وجلسات الحوار المثمرة‪ ،‬والعمل‬ ‫الدقيق من ِق َبل فريق التحرير لدينا‪ ،‬حيث تم إدراج كل اسم‬ ‫في القائمة بعد دراسة متأنية ودقيقة‪ .‬ويسعدنا في‬ ‫هذا العام أن نرحب بشخصية جديدة تبوأت المركز األول‬ ‫في القائمة‪.‬‬ ‫ُع ِرفت هذه الشخصية بابتعادها عن األضواء‪ ،‬غير أن تأثيرها‬ ‫أصوال تزيد قيمتها على ‪1.4‬‬ ‫حاضر بقوة‪ ،‬خاصة أنها تدير‬ ‫ً‬ ‫تريليون دوالر أميركي في صناديق الثروة السيادية‪ ،‬والخدمات‬ ‫المصرفية‪ ،‬والمشاريع المعتمدة على الذكاء االصطناعي‪.‬‬ ‫ويتعدى تأثير هذه الشخصية ونفوذها دولة اإلمارات العربية‬ ‫المتحدة‪ ،‬ليشمل التحالفات في مجال التكنولوجيا المتطورة‪،‬‬ ‫واالستثمارات االستراتيجية في العمالت الرقمية المشفرة‪،‬‬ ‫والريادة في السباق العالمي للهيمنة على مجال الذكاء‬ ‫االصطناعي‪ .‬هل ينتابك الفضول أيها القارئ لمعرفة هذه‬ ‫الشخصية المميزة؟ طالع الموضوع بالقسم اإلنجليزي تحت‬ ‫عنوان «أقوى ‪ 100‬شخصية عربية في قيادة التغيير حول‬ ‫العالم» للتعرف إلى هوية متصدر القائمة لعام ‪.2025‬‬ ‫في هذا العدد أيضاً ‪ ،‬سوف يتسنى لك أيها القارئ‬ ‫الذهاب في رحلة استثنائية على ارتفاع ‪ 37‬ألف قدم فوق‬ ‫سطح األرض‪ ،‬مع أنطونوالدو نيفيس الرئيس التنفيذي‬

‫‪gulfbusiness.com‬‬

‫لـ «االتحاد للطيران»‪ ،‬إلى أديس أبابا في إثيوبيا‪ ،‬حيث تخلل‬ ‫اللقاء حديث ممتع عن مشروع التحالف الجديد الجريء‬ ‫بين مجموعة االتحاد للطيران والخطوط الجوية اإلثيوبية‪،‬‬ ‫فضال عن المنافسة المتنامية في قطاع الطيران على‬ ‫ً‬ ‫صعيد المنطقة‪ .‬كما تم التطرق إلى تساؤالت حول الطرح‬ ‫العام األولي للمجموعة‪.‬‬ ‫في سياق مختلف‪ ،‬يسلط هذا العدد الضوء على جانب آخر‬ ‫للتأثير‪ ،‬حيث يستعرض حياة مغني الراب التونسي «‪،»K2‬‬ ‫غير مسيرته المهنية من األغاني الرائجة إلى المشاريع‬ ‫الذي ّ‬ ‫االستشرافية المميزة‪ .‬ويشتهر «‪ »K2‬بكلمات أغانيه‬ ‫الجريئة وطاقته المتحررة‪ ،‬وقد أثار ضجة كبيرة بعيداً عن‬ ‫المجال الموسيقي بإطالقه منصة «كيه ‪ 2‬ميتا» التي تُ عد‬ ‫بداية جديدة له في مشهد التكنولوجيا المبتكرة والويب‬ ‫الال مركزي (ويب ‪.)3‬‬ ‫يحتفي هذا العدد بالقوة والرؤية والتحوالت الكبرى التي‬ ‫تشهدها أرجاء الوطن العربي وخارجه‪ .‬ونأمل أن يشكّ ل‬ ‫مصدر إلهام ومحفزاً مهماً ويقدم لك رؤى جديدة عن‬ ‫الشخصيات والقوى التي تسهم في رسم معالم مستقبلنا‪.‬‬ ‫شكراً لك‪ ،‬على مطالعتك ومتابعتك الدائمة لنا‪.‬‬

‫مدير تحرير المجموعة القسم اإلنجليزي‪ ،‬غاريث فان زيل‬

‫أبريل ‪2025‬‬

‫‪5‬‬

A Life Worth Living Read Bilal Hafeez’s Extraordinary Story of Living with Cerebral Palsy

A V A I L A B L E AT A L L M A J O R R E TA I L E R S A N D O N B O O K S A R A B I A . C O M

www.motivatemedia.com

MOTIVATEBOOKS

MOTIVATE_BOOKS

MOTIVATEBOOKS

‫أبريل ‪ / 2025‬المحتويات‬

‫‪23‬‬

‫أقوى ‪ 100‬شخصية عربية لعام ‪2025‬‬

‫أهم الشخصيات العربية الرائدة في قيادة التغيير حول العالم‬ ‫ضمن القائمة السنوية للعام الحالي‪.‬‬

‫حقوق الصورة محفوظة ‪ -‬أحمد عبدالوهاب‬

‫‪6‬‬

‫(انظر القسم اإلنجليزي الصفحة ‪)23‬‬

‫من الموسيقى إلى «بلوك تشين»‬

‫يتحدث «‪ ،»K2‬مغني الراب ورائد األعمال في مجال التكنولوجيا‬ ‫المبتكرة‪ ،‬حول الموسيقى وتجديد مهنته وبناء إرث بعيداً عن‬ ‫عالم الفن والغناء‪.‬‬

‫رئيس التحرير‪ :‬عبيد حميد الطاير‬ ‫رئيس تحرير المجموعة الشريك المسؤول‪ :‬إيان فيرسيرفيس‬

‫تصميم الغالف‪ :‬فريدي كوليناريس‬

‫تابعونا على مواقع التواصل االجتماعي‪Linkedin: Gulf Business; Facebook: GulfBusiness; X: @GulfBusiness; Instagram: @GulfBusiness :‬‬ ‫المكتب الرئيس‪ :‬مبنى ميديا وان‪ ،‬مدينة دبي لإلعالم‪ ،‬ص‪.‬ب ‪2331‬؛ دبي‪ ،‬اإلمارات العربية المتحدة؛ هاتف‪ ،+971 4 427 3000 :‬فاكس‪motivate@motivate.ae +971 4 428 2266 :‬‬ ‫مدينة دبي لإلعالم‪ :‬مكتب رقم ‪ ،94 - 2‬الطابق الثاني‪ ،‬المبنى ‪ ,2‬دبي‪ ،‬اإلمارات العربية المتحدة؛ هاتف‪ ،+971 4 390 3550 :‬فاكس‪+971 4 390 4845 :‬‬ ‫أبوظبي‪ :‬ص‪.‬ب ‪ ،43072‬أبوظبي‪ ،‬اإلمارات العربية المتحدة؛ هاتف‪ ،+971 2 657 3490 :‬فاكس‪motivate-adh@motivate.ae +971 2 657 3489 :‬‬ ‫العليا‪ ،‬الرياض؛ هاتف‪motivate@motivate.ae +966 11 834 3596 / +966 11 834 3595 :‬‬ ‫ريجس‪ ،‬رقم ‪ ،456 ،455‬الطابق ‪ ،4‬برج حمد‪ ،‬طريق الملك فهد‪ُ ،‬‬ ‫السعودية‪ :‬مكاتب ُ‬ ‫لندن‪ :‬إيكر هاوس‪ 11/15 ،‬ويليام رود‪ ،‬لندن‪NW1 3ER. motivateuk@motivate.ae ،‬‬

‫‪gulfbusiness.com‬‬

‫أبريل ‪2025‬‬

‫‪3‬‬

‫حقوق الصور محفوظة‪Getty Images / The noun project / Typography :‬‬

‫الرئيس التنفيذي للشؤون التجارية‪ :‬أنتوني ميلني ‪anthony@motivate.ae‬‬ ‫الناشر‪ :‬مانيش شوبرا ‪manish.chopra@motivate.ae‬‬ ‫مدير تحرير المجموعة (القسم العربي)‪ :‬رحاب برهم ‪rehab@motivate.ae‬‬ ‫مدير تحرير المجموعة (القسم اإلنجليزي)‪ :‬غاريث فان زيل ‪gareth.vanzyl@motivate.ae‬‬ ‫محرر (القسم اإلنجليزي)‪ :‬نيشا ساليان ‪neesha@motivate.ae‬‬ ‫مراسل صحفي‪ :‬نداء سهيل ‪nida.sohail@motivate.ae‬‬ ‫التصميم الفني‪ :‬أحمد أبو طاحون ‪ahmad@motivate.ae‬‬ ‫التصميم الفني‪ :‬فريدي كوليناريس ‪freddie@motivate.ae‬‬ ‫التصميم الفني‪ :‬أولغا بيتروف ‪olga.petroff@motivate.ae‬‬

‫مدير عام اإلنتاج‪ :‬س‪ .‬سونيل كومار‬ ‫مدير اإلنتاج‪ :‬بينو بوراندران‬ ‫مسؤول اإلنتاج‪ :‬فينيتا بينتو‬ ‫مدير المبيعات الرقمية‪ :‬ماريو صعيبي‬ ‫‪mario.saaiby@motivate.ae‬‬ ‫مدير المبيعات‪ :‬هيتيش كومار‬ ‫‪Hitesh.Kumar@motivate.ae‬‬ ‫مدير تسويق المجموعة‪ :‬جويل البعينو‬ ‫‪joelle.albeaino@motivate.ae‬‬

DESIGNED LIFESTYLE EXPERIENCES

HAYYAN

SHARJAH’S LARGEST SWIMMABLE LAGOON

OLFAH

NATURE AT ITS LARGEST

AL MAMSHA

NESTLED IN THE HEART OF NEW SHARJAH

800 253323 | alefgroup.ae

‫‪BD 2.10 KD 1.70 RO 2.10‬‬ ‫‪SR 20 DHS 20‬‬

‫أبريل ‪gulfbusiness.com / 2025‬‬

‫صفحة‪12 .‬‬

‫السعودية والذكاء االصطناعي‪..‬‬ ‫الكوادر المحلية عنصر رئيس‬ ‫في تحقيق الطموحات‪.‬‬

‫صفحة‪14 .‬‬

‫حدود طموحاتنا السماء‪..‬‬

‫الرئيس التنفيذي لالتحاد للطيران‬

‫يتحدث عن الطرح األولي لالكتتاب‬ ‫العام‪ ،‬النمو والشراكات الجديدة‪.‬‬

‫أقوى ‪100‬‬

‫شخصية عربية‬ ‫لعام ‪2025‬‬

‫القوة‪ ..‬الرؤية‪ ..‬اإلرث‪..‬‬ ‫أهم الشخصيات العربية الرائدة‬ ‫في قيادة التغيير حول العالم‬ ‫ضمن القائمة السنوية‬ ‫للعام الحالي‪.‬‬

‫فصل جديد في مسيرة «‪»K2‬‬

‫من مغني راب إلى‬

‫مبتكر في مجال الويب ‪3‬‬ ‫كيف أعاد مغني الراب التونسي‬ ‫اكتشاف نفسه في مسار مهني جديد؟‬