The ports operator DP World and National Bank of Abu Dhabi ranked among the top companies in Standard & Poor's new pan-Arab index that aims to boost transparency and corporate governance across the markets.
The S&P-Hawkamah Pan Arab ESG Index ranks the Middle East's top 50 companies using a set of environmental, social and corporate governance standards. It is a joint venture between the ratings agency and Hawkamah, an institute for enhancing corporate governance in the region.
"We're raising the bar as far as [financial and governance] reporting is concerned and putting these issues on the corporate agenda," said Dr Nasser Saidi, the executive director of Hawkamah.
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