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EMKE Group boss Yussuffali MA has topped the list of the GCC’s 100 most powerful Indians, published by Arabian Business today.
[Click here to see the full list...]
The group, which owns the Lulu chain of hypermarkets, is headquartered in Abu Dhabi and has offices in 29 countries, employs around 27,000 people —including 22,000 Indians — and has an annual turnover of $3.75bn.
In at No.2 is another retail giant, Landmark boss Micky Jagtiani. GEMS boss Sunny Varkey, the brains behind one of the world’s largest school operators, netted the third spot.
The highest ranked banker was Standard Chartered CEO V Shankar, who took fourth place. Shankar is one of two bankers to secure spots in the top 10, with the CEO of Doha Bank, R Seetharaman, rounding up the rankings.
The list is dominated by UAE-based businessmen, hardly surprising when bilateral trade between India and the UAE topped $43bn last year. A report from Doha Bank last week noted that total trade between the six Gulf countries and India stood at $80bn in the first nine months of this year alone.
Edward Attwood, deputy editor of Arabian Business, said: “This year’s list proves beyond any doubt the huge contribution Indians have made to the development of the Gulf in the past few years.
“What is fascinating about the list is that many of those close to the top of it came to the region several years ago without any real income. Through sheer hard work, they have built empires worth billions of dollars.”
Click here to meet the GCC's most powerful Indians
The problem with many South Asians in general and Indians in particular is that greed has no limit for them. No matter how much they get, which is often... more
Wednesday, 19 June 2013 10:59 AM - Fahd
In those so called democratic (they should change it to Hypocratic) there is freedom of speech but no freedom after the speech.
When the guys speaking... more
If Boeing can develop a 777 that can fly for 20 hours, then why bother flying through Dubai? Most EK traffic is transfer passengers. 20 hours nonstop would... more
Wednesday, 19 June 2013 5:04 PM - John HarteThe problem with many South Asians in general and Indians in particular is that greed has no limit for them. No matter how much they get, which is often... more
Wednesday, 19 June 2013 10:59 AM - Fahd
@anguilla: Kalba town is part of the Sharjah Emirate.
along with khor fakkan and dibba al hisn.
http://en.wikipedia.org/wiki/Sharjah_%28emirate... more
I am wondering why this article is being published here? it is really useless. anyway, I in certain ways agree with the Mufti. god bless Saudi Arabia more
Tuesday, 18 June 2013 9:27 AM - Faisal@ Henry, enough of whining, the host country does not need you, it is your employer that needs your services and you know well enough that you can be made... more
Saturday, 1 June 2013 11:32 AM - ZainOrganizations like HRW, Green peace, ILO, UNHCR are so self serving that it is amazing they still exist! they spend 60/70 percent of their budgets (meant... more
Thursday, 30 May 2013 7:53 PM - NavinThe problem with many South Asians in general and Indians in particular is that greed has no limit for them. No matter how much they get, which is often... more
Wednesday, 19 June 2013 10:59 AM - Fahd
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