Balancing tradition and innovation, Middle Eastern family businesses face the challenge of preserving cultural legacy while adapting to global economic shifts
family businesses
Latest in family businesses
Abha International Airport
Saudi visa update; UAE petrol prices; Dubai announces real estate strategy; GCC airport upgrades; New schools plan – 10 things you missed this week
Saudi visa update, UAE petrol prices, Dubai real estate strategy, GCC airport upgrades and more of the top news stories this week
Abu Dhabi
Abu Dhabi economy: 90% of private companies in Emirate are family-owned, 60% of GDP and 80% of workforce in segment
Family offices are key drivers of the Abu Dhabi economy, according to a KPMG report
Corporate tax UAE
Relief for UAE businesses as FTA extends corporate tax deadline
Many business owners had overlooked the misalignment between the date on their tax registration certificate and the actual filing date, according to tax experts
Corporate tax
UAE corporate tax brings unexpected benefits to family businesses
As the December deadline approaches, experts advise UAE businesses to use this extended period not just for compliance, but as an opportunity to gain deeper insights into their financial health and improve their business practices
family businesses
Breaking the mould: How Gen Z professionals can transform businesses
Gen Z’s seamless assimilation into a rapidly changing world has made them a formidable force in the business landscape
Abu Dhabi
ADDED, UAE University launch first Family Business Index for Abu Dhabi
Metrics will include revenue, industry, employment and other indicators such as governance structures and succession planning
Arabian Business Leadership Summit
‘Legacy is like a gift’, says Easa Al Gurg at the Arabian Business Leadership Summit 2024
In a panel discussion titled “Legacy Building” Al Gurg shared his insights on legacy, sustainable growth and leadership
assets under management
UAE among most ‘credible and solid’ international wealth hubs, says HSBC boss
The UAE is growing as a wealth management hub according to HSBC global wealth chief Nuno Matos, but some entrepreneurs worry their family lacks skills, passion, and work ethic to inherit the business
DIFC
Dubai’s DIFC launches new initiative to boost succession planning, longevity of family businesses
With only 20% of family businesses in the region reaching the third generation, the UAE government is committed to nurturing the sector’s growth through initiatives that ensure multi-generational stewardship of family legacy
AKI Investments
Why adaptability is today’s currency of success
Diversification is the name of the game as the GCC region flourishes as a truly global marketplace, says Zaid S. Al Khayyat, Managing Director of Al Khayyat Investments (AKI)
Dubai Centre for Family Businesses
Dubai Centre for Family Businesses issues ‘Sample Article of Association for Family Businesses’
Family businesses make up around 90% of the total number of private companies in the UAE, contributing significantly to Dubai’s non-oil GDP
business strategy
Family businesses in the UAE: Catalysts for sustainable drive at COP28
Raajeev Batra, Partner and Head of Private Enterprise at KMPG Lower Gulf, explains how the engagement of family businesses in the nation’s sustainability agenda is crucial to the success of COP28 in the UAE
dispute resolution
Dubai’s Sheikh Maktoum forms new committee to resolve family business and ownership disputes in the emirate
The main aim is to safeguard the continuity and reputation of family businesses during dispute resolution
Dubai
Dubai government introduces new initiatives to future-proof family businesses
The new initiatives come amid the sector generating over 40 percent of Dubai’s GDP
Dubai
Dubai issues new guidelines for family businesses
Dubai Chambers is committed to boosting the competitiveness of family businesses
Abu Dhabi
Revealed: Success stories of family-owned businesses in the Middle East
Arabian Business explores the resilience and significance of family-owned businesses in the Middle East, highlighting their unique characteristics, challenges, and contributions