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Sun 27 Mar 2011 07:56 AM

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Middle East jumps ahead to dominate Power 500

More than 60% of entries from the region, led by UAE with 68 entries and Saudi with 61

Middle East jumps ahead to dominate Power 500
More than 60% of Arabian Business Power 500 entries come from the Middle East

The Middle East has always featured heavily on the Power 500, but this year the region makes its presence felt more than ever before.

The region accounted for 62 percent of the Arab world’s biggest players, taking eight of the top 10 slots alone. Africa comprised 15 percent of entries, while North and South America gathered 13 percent.

Europe netted seven percent of entries, with the Asian Pacific region bringing up the rankings with two percent of the rankings.

This year’s Power 500 shows the highest concentration of figureheads is in the UAE. Although many Arabs resident in the Gulf state originate from elsewhere – many are from Lebanon – this is where the most live and work.

More than 20 of the top 100 names are resident in the UAE.

Saudi Arabia, the Gulf’s wealthiest state, also made a good showing with 62 entries in the Power 500. Egypt, the Arab world’s most populous country, generated 45 entries, with Syria, Kuwait and Jordan notching up 30, 21 and 21 entries respectively.

Interestingly, although just 27 entries from the Power 500 are based in Lebanon, the country has the highest contribution when it comes to country of origin. A massive 83 entries - 16% of the list – count their roots back to Lebanon. Many of these names are now working in the US and South America.

The Power 500 contains names from all walks of life, with the sector of Culture and Society contributing the most entries with 94.

Some 89 personalities come from the world of Banking and Finance, 90 from Arts and Entertainment and 39 from Media.

To read the full Arabian Business Power 500 rankings, click here