Azernews.Az

Azerbaijani state oil company SOCAR ranks 16th out of 100 top companies from Islamic states on economic development, with $16.5 billion annual income, a business strategy publication has said.
Saudi Aramco, the world's top oil producer, continues to lead the DS100 list as the largest business enterprise of the Muslim world recording an estimated 19% rise in its revenues from the year before. The company's revenues amount to $199.756 billion, the Dinar Standard e-magazine concluded.
Companies from 20 out of the 57 Organization of Islamic Conference (OIC) member states are on the DS100 rating. Turkish companies continue to lead the list with 24 represented enterprises, followed by 17 from Malaysia, 15 from Saudi Arabia, 9 from Indonesia, and 7 from the UAE.
Other countries represented include the Egypt, Kuwait, Pakistan, Iran, Nigeria, Morocco, Kazakhstan, Bahrain, and Algeria.
With $1.08 trillion in total revenues and a healthy 14.5% in revenue growth over the year before, the ranking shows the continuing strengthening of the Muslim world economies.
Globally, the DS100 companies represent a mere 10.6% of the $10.2 trillion in revenues attributed to the global 100 companies from Fortune magazine's 2007 Global 500 list. However, a higher revenue growth of 14.5% by DS100 companies against the world 100's revenue growth of 10% is a positive sign, the report said.
Petronas of Malaysia, SABIC of Saudi Arabia and KOC Holding of Turkey are the only three DS100 companies also on the Fortune 500 Global list. Meanwhile, no brands from OIC member countries made it to the BW/Interbrand Top 100 Global Brand list.
The 4th Annual DS100 ranking continues to benchmark the corporate environment of the OIC member countries. The story this year is not just the continuing oil price driven revenue windfall for the oil and gas companies on the list, but also how it has impacted an even greater boom for infrastructure and service sector companies.