Fast Company Middle East issues list of Most Innovative Companies

Second edition features 42 reputations across 23 sectors. (Supplied)
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Updated 27 November 2023
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Fast Company Middle East issues list of Most Innovative Companies

  • Second edition features 42 reputations across 23 sectors

DUBAI: Business news magazine Fast Company, which launched its Middle East edition last year, has unveiled this year’s list of the region’s Most Innovative Companies.

The list recognizes 42 companies across 23 sectors, which include e-commerce, retail, consumer goods and media.

Ravi Raman, publisher of Fast Company Middle East, told Arab News: “The Most Innovative Companies list not only sends a positive signal to teams and stakeholders but also resonates globally, showcasing how companies in the Middle East are pushing the boundaries of innovation.

“I am truly impressed by the profound impact each honoree is making in their respective industries, which reaffirms our belief in the human spirit to imagine, create, and improve.”

Three companies were recognized in the media category: Al Arabiya News Channel for advancing technology in news delivery; Kapturise for being a one-stop solution for content creation; and Telfaz11 for extending creative and cultural influence beyond Saudi Arabia.

In the advertising, branding and PR category, five companies were chosen, with three of the five spots being bagged by advertising network Publicis Groupe Middle East and its agencies Leo Burnett and Saatchi & Saatchi.

The list also featured media intelligence provider Carma for delivering tailor-made content, and banking firm Mashreq for its innovative campaigns.

Advertising agency TBWA\RAAD was recognized in the workplaces category for creating shared goals through dynamic and flexible policies.

OSN was the only company to be featured in the entertainment category due to its inclusive content strategy.

Other companies in this year’s list include multinationals like L’Oreal Middle East and PepsiCo Middle East, as well as local entities like Masdar City and e&.


Apple, Google offer app store changes under new UK rules

Updated 10 February 2026
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Apple, Google offer app store changes under new UK rules

LONDON: Apple and Google have pledged changes to ensure fairness in their app stores, the UK competition watchdog said Tuesday, describing it as “first steps” under its tougher regulation of technology giants.
The Competition and Markets Authority placed the two companies under “strategic market status” last year, giving it powers to impose stricter rules on their mobile platforms.
Apple and Google have submitted packages of commitments to improve fairness and transparency in their app stores, which the CMA is now consulting market participants on.
The proposals cover data collection, how apps are reviewed and ranked and improved access to their mobile operating systems.
They aim to prevent Apple and Google from giving priority to their own apps and to ensure businesses receive fairer terms for delivering apps to customers, including better access to tools to compete with services like the Apple digital wallet.
“These are important first steps while we continue to work on a broad range of additional measures to improve Apple and Google’s app store services in the UK,” said CMA chief executive Sarah Cardell.
The commitments mark the first changes proposed by US tech giants in response to the UK’s digital markets regulation, which came into force last year.
The UK framework is similar to a tech competition law from the European Union, the Digital Markets Act, which carries the potential for hefty financial penalties.
“The commitments announced today allow Apple to continue advancing important privacy and security innovations for users and great opportunities for developers,” an Apple spokesperson said.
The CMA in October found that Apple and Google held an “effective duopoly,” with around 90 to 100 percent of UK mobile services running on their platforms.
A Google spokesperson said existing practices in its Play online store are “fair, objective and transparent.”
“We welcome the opportunity to resolve the CMA’s concerns collaboratively,” they added.
The changes are set to take effect in April, subject to the outcome of a market consultation.