Alumni Among Top CEOs of the Middle East May 11, 2021
Yakin Ouederni
Forbes Middle East spotlights the Middle East s top CEOs every year, focusing on company growth and economic and strategic importance as the Middle East undergoes massive economic and geopolitical changes. Among the top CEOs are a number of AUC alumni, with Elham Mahfouz 84 being one of the only two women on the list. Read about them below. You can find the full list here.
’90, ’94
Okasha has been deputy chairman of the National Bank of Egypt since 2008, and his banking career spans over 26 years. He leads the bank’s global workforce of over 20,000 employees serving the bank’s 14 million customers.
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Adel A. El-Labban, Group CEO & MD of Ahli United Bank B.S.C., discusses how strategic geographic diversification and anticipation of changing market demand were key to the bank’s resilient pandemic performance.
March 10, 2021
Global Finance: How did Ahli United Bank’s diversified model contribute to the bank’s resiliency during the COVID-19 pandemic?
Adel A. El-Labban: In 2020, the global economy faced an unprecedented crisis from the adverse effects of the pandemic as well as volatile oil prices. In the Gulf region, the impact varied from country to country depending on extent of lockdown measures imposed by the respective governments as well as other crisis management initiatives. Regional governments that coordinated with central banks to institute stimulus measures protected their countries from catastrophic economic collapse and facilitated a more rapid economic recovery than countries that did not implement similar measures. Based on IMF projecti