News & Highlights

  • DECEMBER 2024
  • EVENT

HBS MBA Admissions Events in Dubai and Cairo

On December 8th, MBA Admissions and the MENA Research Center hosted a coffee chat in Dubai, where 20 prospective MBA applicants engaged in conversations with Vai Schierholtz (MBA 2019), from MBA Admissions, and Alpana Thapar (MBA 2012), Executive Director of the MENA Research Center, as well as with two HBS alumni who joined the discussions and shared their perspectives on the MBA experience. This informal coffee chat provided an excellent opportunity for attendees to ask questions and gain deeper insights into the HBS MBA journey. On December 9th, the team continued their efforts with an information session in Cairo, welcoming around 100 prospective MBA applicants. The event began with welcome remarks by Vai Schierholtz and Alpana Thapar, followed by an introduction to the Case Method by Prof. Andy Zelleke, Senior Lecturer of Business Administration and Faculty Chair of the MENA Research Center. Hisham El Khazindar (MBA 2003), Co-Founder and Managing Director of Qalaa Holdings, shared his experiences during and after HBS and offered valuable insights on scholarships. The session also featured a panel discussion and Q&A with alumni and a current student, who shared their perspectives on the MBA journey. The evening concluded with a networking session, allowing attendees to connect and explore the transformative opportunities that an HBS MBA offers.
  • NOVEMBER 2024
  • ALUMNI EVENT

Alumni Event with Professor Ashley Whillans on Leading the Future of Work

On November 21st, the MENA Research Center hosted an exclusive alumni event in Istanbul with Prof. Ashley Whillans, Volpert Family Associate Professor of Business Administration at Harvard Business School. Alper Gökgöz (MBA 2010), CEO at ING Türkiye, graciously hosted the event at ING Bank’s headquarters. Professor Whillans shared insights from her research on “time poverty” and the challenges of burnout in the hybrid work era, highlighting how individual solutions often fall short in addressing systemic issues. Following her presentation, she led an engaging discussion on strategies to redesign work structures that enhance employee well-being, productivity, and organizational resilience. Around 20 alumni and friends of HBS attended.
  • JUNE 2024
  • CREATING EMERGING MARKETS INTERVIEWS

Creating Emerging Markets Interviews: Naguib Sawiris

The Creating Emerging Markets project provides a unique research and teaching resource on business leadership in Africa, Asia, Latin America and the Middle East over recent decades. At its core are over 180 interviews by Harvard faculty with high impact leaders in business and social enterprise. Read the interview with Naguib Sawiris, Chairman, Orascom TMT Investments.
  • MAY 2024
  • FIELD GLOBAL CAPSTONE

From the Classroom to Casablanca

FIELD Global Immersion gives students the opportunity to make an impact on business abroad. To put what they have learned in the classroom to the test in the field, more than 900 HBS first-year students embarked in May on the FIELD Global Capstone, a cornerstone of the MBA Program since 2012. This experiential learning opportunity dispatches students across the globe to collaborate with local business partners, tackling real-world challenges through intensive project work for up to 10 days. For their project, the six HBS students assigned to work with BMCE Bank (now Bank of Africa) were asked to create a digital product to attract 18 to 24-year-olds to the bank’s services. Since BMCE already had existing university partnerships, the FIELD team conducted more than 100 interviews with students in Casablanca, which informed the team’s extensive design thinking process. During their final presentation to their project partner, the HBS students proposed that rather than introduce a digital product, the bank should create a financial education hub where classes and access to financial advisors would be offered to the city’s young people. Click here for the full article.
  • OCTOBER 2023
  • VIDEO

10 Year Anniversary of the MENA Research Center

To mark its 10 year anniversary milestone, the MENA Research Center unveils a video series aimed at shining a spotlight on the significant diversity of enterprises in our region and the important role played by family businesses and the entrepreneurial spirit shaping local economies. The Center has had the honor of turning some of the powerful stories into HBS case studies, and the videos feature a distinguished lineup of speakers, including faculty members, subject matter experts, and the case protagonists. In addition to those themes, the Research & More segment introduces perspectives from leaders representing key departments at HBS with which the MENA Research Center collaborates: Executive Education, External Relations, Global Initiative, Global Experience Office, and MBA Admissions. Watch the videos here.

New Research on the Region

  • December 2024
  • Case

Enerjisa Üretim: The Digital Era of Electricity Generation

By: Prithwiraj Choudhury and Sadika El Hariri

Launched in 2017, Enerjisa Üretim was one of Türkiye’s largest private sector electricity companies. In its early days, the company faced some financial and operational troubles. When İhsan Erbil Bayçöl, the current CEO of Enerjisa Üretim, joined the business in 2018, he implemented a series of initiatives to improve the company’s performance. He expanded its portfolio of renewable energy by developing multiple wind power plants across Türkiye. While this project aligned with the company’s growth and sustainability goals, it required significant investment in infrastructure and workforce expansion. Additionally, Bayçöl led the creation of the Senkron Remote Operation Center, a unit in the company’s headquarters whose function was to remotely operate and monitor power plants using advanced technologies. In 2022, the company achieved a major milestone by converting one of its hydroelectric facilities into Türkiye’s first “dark power plant” (i.e., a plant running without human intervention). Bayçöl knew that it would be complex to replicate the same model across all the different types of power plants scattered across the country. Building on the company’s expertise, Bayçöl led a collaboration with Microsoft in 2023 to enable Enerjisa Üretim to sell its digital offerings to third-party firms via the tech giant’s platforms. The partnership was expected to enlarge Enerjisa Üretim’s client base, so Bayçöl had to ensure the workforce was capable enough to cater for the growing demand. As Bayçöl was planning the future of Enerjisa Üretim, he wondered which business line he should give the most attention to and what priorities to focus on within each of the business lines.

  • November 2024
  • Teaching Material

Social Enterprise in the MENA Region

By: Brian Trelstad and Ahmed Dahawy

This research note provides an overview of the socio-economic landscape of social enterprise in the Middle East and North Africa. It highlights the diversity of players in the region including social enterprise organizations (in their many forms) and supporting agencies, funders, and regulators. The note also dives briefly into the demographics of social entrepreneurs in the region as well as the common social objectives they aimed to address through their organizations.

  • November 2024
  • Case

Group AMANA: Built to Last

By: Hise Gibson and Fares Khrais

"The case chronicles the Bsaibes brothers’ journey in founding and operating Group AMANA; a contracting business founded in 1993, based in the United Arab Emirates with operations across the Middle East. Over the years, the business found itself grappling with major headwinds and changes to both its strategy and operations. For example, finding the right amount of (de)centralization, balancing incentivizing people to stay with the ability to “cut the fat” when it was needed, knowing how to “stick what they knew” while still venturing into promising new verticals, and more. Some of the changes paid off, while others did not, but each came with a lesson learned. Over time, the brothers adopted a prudent approach to growth and appeared to have a formula (and culture) to weather turbulence. The construction industry in the Middle East was one of “feast or famine”. Despite that, AMANA managed to grow year on year and had been profitable for 18 years. Among all the changes the business had witnessed, there was always one constant: AMANA was always managed by a Bsaibes. By the end of that year however, that would no longer be the case as each of the brothers will have taken a seat on the board and stepped back from day-to-day management. The brothers were confident in both the successor they had chosen and the rest of the senior management team; most of whom had worked together for over a decade. But there was no denying that they were facing a period of unprecedented change. Namely, AMANA’s new five-year strategy was banking on focusing on a new vertical (modular construction) that was still unfamiliar to customers in the region. Moreover, the strategy meant AMANA would derive the majority of its revenues outside of its home market. This was to take place whilst AMANA was undergoing its largest organizational transformation yet which was designed to modernize and prepare the business for the next stage of growth. AMANA’s new strategy was motivated by capturing what the team believed was a “once in a lifetime opportunity.” The question was, with the business in a state of flux, was this the right time to bank on a new vertical?"

See more research

Dubai Staff

Alpana Thapar
Executive Director
Sadika El Hariri
Research Associate
Fares Khrais
Senior Researcher

Cairo Staff

Ahmed Dahawy
Research Associate

Istanbul Staff

Yasemin Çağlar
Associate Director, Educational Programs
Gizem Cihan Dinçsoy
Senior Researcher
Zeynep Mağgönül
Assistant Director, Administration

Tel Aviv Staff

Orna Dan
Senior Researcher