UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
family business
Latest in family business
family business
Arabian Business reveals Family Dynasties 2024: Top 20 family businesses ranked
From championing well-being to pioneering new markets and crafting architectural masterpieces, these family dynasties embody the entrepreneurial spirit that defines the Middle East’s modern identity
Abu Dhabi
Abu Dhabi’s Dhabi Hold to host fourth Family Office Summit in December
It will serve as a premier platform for family offices from Abu Dhabi, Dubai, and beyond to network, exchange insights, and champion long-term financial success
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
family assets
Understanding the financial reality of the ultra rich
UHNWIs in the Middle East present a unique case study in wealth management
family business
Global family office wealth to hit $9.5tr by 2030: Report
This accounts for an 189% rise between 2019 and 2030, according to Deloitte
family business
Philanthropy’s place in an impact investment world
At LGT, we view philanthropy as an impactful avenue for societal and environmental betterment
Dubai
The future of empire: How to prepare for the next generation of family business
Preparing the next generation for leadership is crucial for the continued success and growth of any family enterprise
family business
UAE announces new family business registry, improves competitiveness, enhances governance
The initiative is aimed at ensuring family businesses’ sustainability and leadership in line with the country’s vision
family business
Succession planning is not a sprint, it’s a marathon
UAE family businesses have a unique opportunity to capitalise on their cultural heritage and create lasting value for themselves and their communities
climate change
COP28 Dubai: No room for ‘ping pong politics’ on climate pledges, business engagement is a must, says expert
There’s no room for ‘ping pong politics’ on climate policies at COP28, says Badr Jafar, calling for greater private sector and philanthropic engagement for a successful COP
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
Bahrain
Invest in local talent who ‘will not transfer money outside’ the country says The Family Office CEO
Al Omran stressed that for any country’s growth, investment in local talent is crucial
digital performance management
US-based software provider Eton Solutions sets up Middle East HQ in Dubai, targets growing family office market
The company’s expansion move comes amid the internal troubles in Hong Kong – historically a major global hub for family offices – said to have triggered a wide spread relocation move, with Dubai expected to emerge as the major gainer
Abu Dhabi
UAE ultra-rich, family offices to contribute $500bn to economy by 2026
The UAE economy is set for a half a trillion USD boost from the super wealthy and family offices
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