Economic Uncertainty Impacts Forbes MENA Top 100 as Sales and Profits Decline

Economic uncertainty has impacted companies in the Middle East and North Africa (MENA) region, with the top 100 listed firms experiencing a slight 5.1 percent decrease in sales, falling from $1.1 trillion in 2022 to $1 trillion in 2023.

Net profits for these companies also saw a significant decline, dropping by 13.5 percent to $240.2 billion. Additionally, the aggregate market value fell by 4.4 percent to $3.6 tr