Forbes Middle East unveils the Middle East’s top 100 CEOs 2023

Forbes Middle East has released its third annual list of the Top 100 CEOs in the Middle East, spotlighting the business heads that are running the region’s biggest and most influential homegrown companies. Combined, the 100 CEOs managed revenues of over $1 trillion in 2022. Their firms are collectively worth more than $5 trillion.Amin H. Nasser, President and CEO of the world’s largest crude oil producer Saudi Aramco, topped the ranking. ADNOC Group’s Sultan Al Jaber and Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group rounded up the top three spots. These three executives have retained their ranking for the third consecutive year.The 2023 cohort represents leaders from 22 nationalities. Emiratis dominated with 23 entries, followed by Egyptians with 19 and Saudis with 18. These three groups comprise 60% of the ranking, signaling positive momentum for localization. With 17 CEOs, the banking sector claimed the most entries, followed closely by real estate and construction with 14 and telecommunications with nine. Among the top 10 alone, six different industries are represented, illustrating the sector diversity in top leadership.Against the recurring priority of sustainability this year, the leaders on this ranking have accelerated their corporate sustainability measures to align with global commitments. Majid Al Futtaim – Holding’s Ahmed Galal Ismail led the group to achieve an 82% reduction in single-use plastic consumption in the first half of 2023. At the COP28 held in Dubai, ADNOC Group’s Sultan Al Jaber served as the president-designate of this year’s climate change conference for global transformative climate action. Meanwhile, Dubai Electricity and Water Authority’s (DEWA) Saeed Mohammed Al Tayer intends to increase its water desalination capacity to 730 million imperial gallons per day by 2030, up from 490 million in 2023.To construct this ranking, Forbes Middle East assessed the CEOs using various metrics, including the individual's accomplishments and implemented innovations over the past year, size of their company, and their impact on their firm and the wider industry. Only CEOs of companies headquartered in MENA were considered.Top 10 CEOs In The Middle East 2023Amin H. NasserNationality: SaudiPresident & CEO, Saudi AramcoSultan Al JaberNationality: EmiratiGroup CEO & Managing Director, ADNOC GroupAhmed bin Saeed Al MaktoumNationality: EmiratiChairman & Chief Executive, Emirates Airline & GroupSaad Sherida Al-KaabiNationality: QatariDeputy Chairman, President & CEO, QatarEnergyIsam Jasem Al-SagerNationality: KuwaitiVice Chairman & Group CEO, National Bank of Kuwait (NBK Group)Nawaf S. Al-SabahNationality: KuwaitiDeputy Chairman & CEO, Kuwait Petroleum Corporation (KPC)Sultan Ahmed Bin SulayemNationality: EmiratiGroup Chairman & CEO, DP World Olayan AlwetaidNationality: SaudiGroup CEO, stc GroupSyed Basar ShuebNationality: EmiratiCEO & Managing Director, International Holding Company (IHC)Hatem DowidarNationality: EgyptianGroup CEO, e&

Digital DEWA & Nedaa collaborate to enhance IoT & communications in the region

In the presence of HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA); HE Lieutenant General Talal Humaid Belhoul, Director General of Dubai’s State Security Department; and HE Hamad Obaid Al Mansoori, Director General of Digital Dubai Authority, Digital DEWA, the digital arm of DEWA, signed a Memorandum of Understanding (MoU) with Professional Communication Corporation (Nedaa), the exclusive secure network provider for the Government of Dubai. As per the MoU, the two sides will co-develop bundled services like Internet of Things (IoT), fibre connectivity, cloud, data centre and cyber services. The MoU was signed by HE Mansour Bu Asibah, CEO of Nedaa, and Marwan Bin Haidar, Vice Chairman & Group CEO of Digital DEWA, during GITEX Global 2023, which is held from 16 to 20 October 2023 at the Dubai World Trade Centre. The MoU marks the beginning of an innovative partnership aimed at leveraging the unique capabilities of both organisations.“We work in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to innovate and develop solutions to foster the growth of IoT and critical communications. Our collaboration with Nedaa aims to pioneer a new era of digital services and underlines our commitment to meeting the evolving needs of private and public enterprises in the region by harnessing Digital DEWA’s cutting-edge infrastructure. This ensures a brighter and more connected future,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.“At Nedaa we adhere to the highest level of safety and security standards. We are thrilled to partner with Digital DEWA and reiterate our commitment towards revolutionising the IoT and critical communications landscape. Together, we aim to set new benchmarks for safety, innovation, and reliability, and take the lead towards a new era of efficiency and innovation in different industries. This alliance marks a pivotal moment in our mission of delivering cutting-edge solutions that protect and serve the public,” said HE Mansour Bu Asibah – CEO of Nedaa.“As we embark on this transformative journey with Nedaa, we are committed to harnessing our combined strengths to unlock the full potential of our digital services. This association is not merely a partnership; it represents our shared dedication to pushing the boundaries of innovation and delivering exceptional services. With Nedaa, we aspire to lead the way in redefining technology for a more intelligent and interconnected world,” said Marwan Bin Haidar – Vice Chairman & Group CEO of Digital DEWA.The collaboration between Digital DEWA and Nedaa is poised to bring about ground-breaking advancements in IoT connectivity and critical communications, solidifying their positions as industry leaders. By combining their strengths, the two organisations aim to drive innovation and deliver solutions that will shape the future of technology and secure communications in the region.

Moro Hub and Digital Dubai Authority join forces

Dubai: Moro Hub, a subsidiary of Digital DEWA, the digital arm of DEWA, signed a Memorandum of Understanding (MoU) with Digital Dubai Authority (DDA) to deliver state-of-the-art cyber security services to various government entities across the Emirate of Dubai.The MoU was signed in the presence of HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA); HE Lieutenant General Talal Humaid Belhoul, Director General of Dubai’s State Security Department; HE Hamad Obaid Al Mansoori, Director General of Digital Dubai Authority; HE Yousuf Al Shaibani, CEO of the Dubai Electronic Security Centre; and Marwan Bin Haidar, Vice Chairman & Group CEO of Digital DEWA. The MoU was signed by Mohammed Bin Sulaiman, CEO of Moro Hub and Amer Sharaf, CEO of Cyber Security Systems and Services Sector at the Dubai Electronic Security Center, during GITEX Global 2023, which is organised from 16 to 20 October 2023 at the Dubai World Trade Centre.As part of this agreement, Moro Hub will extend its comprehensive suite of managed cyber security services to safeguard the information assets and systems of Dubai’s government entities. This collaboration marks a significant milestone in the pursuit of a secure and resilient cyberspace in accordance with the Dubai Cyber Security Strategy of 2023.“We work in alignment with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to shape a secure and safe digital ecosystem for enterprises in the country. With the exponential growth of digital interconnection, safeguarding Dubai’s critical infrastructure has become paramount. Our partnership with DDA is a testament to our joint efforts to support the cyber defence capabilities of Dubai’s government entities. By leveraging Moro’s cutting-edge technological solutions and industry-leading expertise, we aim not only to mitigate potential risks but also position Dubai as a global benchmark for unparalleled cybersecurity in the world,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.“DDA is at the forefront of driving Dubai’s digital transformation and spearheading the Emirate’s trajectory as a global leader in innovation and technology. By fostering this collaboration with Digital DEWA, we are committed to upholding the highest standards of cybersecurity, establishing an environment that nurtures technological advancement and fosters a culture of innovation and digital excellence for government entities. We are confident that our shared vision of driving sustainability, efficiency, and seamless connectivity will enable us to elevate Dubai’s status as a dynamic, future-ready city, equipped to meet the challenges and opportunities of the digital age,” said HE Hamad Obaid Al Mansoori, Director General of Digital Dubai Authority. “We are pleased to witness the signing of this pivotal MoU between Moro Hub and Digital Dubai Authority. In our ever-evolving digital landscape in the private and public sectors, the importance of cybersecurity is rapidly increasing. This collaboration underscores our commitment to enhancing the cybersecurity position of Dubai government entities. By leveraging Moro Hub’s state-of-the-art technological solutions and the expertise of the Dubai Electronic Security Center, we aim to provide a secure and advanced digital space,” said HE Yousuf Al Shaibani, CEO of the Dubai Electronic Security Center.“Digital DEWA has always been at the forefront of leading Dubai towards a sustainable and technologically empowered future. This partnership between Moro Hub and DDA is an important milestone for us to revolutionise the government sector and deliver enhanced services to them. Backed by Moro’s expertise and advanced capabilities, we are optimistic that this collaboration will drive Dubai’s government entities towards the forefront of a safe and secure digital advancement,” said Marwan Bin Haidar, Vice Chairman & Group CEO of Digital DEWA.As a part of this agreement, Dubai Government entities can subscribe to Moro’s advanced solutions, such as Managed Security Monitoring and Incident Response, Governance, Risk & Compliance Services, Security Awareness Services & Identity and Access Management, as well as Penetration Testing & Vulnerability Management. These managed security services are delivered by highly skilled professionals from Moro’s Cyber Defense Centre, utilising cutting-edge security technologies, infused with advanced analytical capabilities and AI to provide comprehensive protection for Dubai Government entities.The MoU between Moro Hub and DDA signifies a joint commitment to strengthen Dubai’s digital infrastructure, establish a safe and secure cyberspace, accelerate the Emirate’s digital transformation, and advance its smart initiatives. Cybersecurity is one of the key requirements for smart cities; subscribing to these services will help Dubai Government entities prevent evolving and advanced cyber threats and achieve the Dubai Cyber Index score. The partnership between Moro Hub and DDA will play a pivotal role in ensuring that Dubai remains at the forefront of secure and sustainable smart city initiatives, thus setting new benchmarks in cybersecurity excellence.

DEWA joins with Microsoft to Embrace Cutting-Edge AI for Digital Transformation

Dubai Electricity and Water Authority (DEWA) has adopted Microsoft Power Platform and its AI-powered tool Copilot. The move is part of DEWA’s efforts to utilise the latest global technologies in all areas and benefit from the capabilities of generative AI to enhance DEWA’s digital transformation. Copilot will assist software developers at DEWA in building smart programmes and applications that support DEWA’s operations more smoothly and efficiently by utilising generative AI tools.“We work to develop DEWA’s digital channels using the latest disruptive technologies of the Fourth Industrial Revolution and generative AI tools. This aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the smartest and happiest city in the world. Adopting the Microsoft Power Platform Copilot is part of our efforts to utilise AI in all our services and operations. DEWA invests in its digital infrastructure to enhance the digital transformation to promote stakeholders’ happiness and provide value-added advanced digital services,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.The Copilot supports developers and programmers in writing code and developing applications. It understands the context of the code being written and provides suggestions and guidance to programmers during the programming process, in addition to tips on how to format code and correct errors to speed up the development process.

DEWA’s website & smart app results exceed 99%

Dubai Electricity and Water Authority (DEWA)’s website and smart app results recorded 99.97% during the third quarter of 2022, according to the mystery shopper study for government entities in Dubai conducted by the Dubai Government Excellence (DGE) of the General Secretariat of the Executive Council of Dubai.Saeed Mohammed Al Tayer, MD & CEO of DEWA, highlighted the importance that DEWA attaches to the results of the mystery shopper study as one of the most important tools for developing government work. Al Tayer expressed his happiness with these results, stressing that they are the result of DEWA’s work to achieve the wise leadership’s vision to make government services in the UAE the best in the world. This also supports DEWA’s efforts to provide a smooth, easy, and value-added experience for all stakeholders through digital services that save their time and effort. This is achieved by relying on the latest disruptive technologies and Artificial Intelligence tools.“We offer an unconventional model of digital services through smart devices and channels. This supports the Dubai 10X initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which mandates the Government of Dubai to be a global leader, and the Services 360 policy by Government of Dubai to provide seamless, proactive, integrated, and specialised services that meet customer expectations. Through Digital DEWA, our digital arm, we strive to redefine the concept of utilities and create a new digital future for Dubai, to become the premier digital organisation in the world; with autonomous systems for renewable energy and storage and the expansion of AI and digital services. DEWA provides all its services through its website and smart app, in addition to several digital channels that help customers complete their transactions at any time and from anywhere. This saves their time and effort, and contributes to protecting the environment and natural resources and reducing carbon emissions. This also enhances DEWA’s excellence and global leadership in all fields, and supports the Smart Dubai initiative to make Dubai the happiest and smartest city in the world,” added Al Tayer.Smart adoption of DEWA’s services reached 98.99% by the end of the third quarter of 2022. For the same period, DEWA scored 98% in the Dubai Government’s Instant Happiness Index by Dubai Digital Authority. This year, the Centre has been ranked among the top three call centres in the assessment conducted by the Dubai Model Centre in partnership with Digital Dubai Authority. The integrated interactive digital Centre, which is managed by Moro Hub (Data Hub Integrated Solutions), a subsidiary of Digital DEWA, the digital arm of DEWA, provides a wide range of procedural and information services through an Interactive Voice System (IVR) enhanced by AI and available around the clock.