Arabian Business explores the resilience and significance of family-owned businesses in the Middle East, highlighting their unique characteristics, challenges, and contributions
family business
Abdul Aziz Al Ghurair
Dubai launches centre for family businesses amid $272bn private sector push
Dubai Chambers will support family business with guidance and succession tips
ADGM
UAE launches family office group to support wealth transfer
UAE launches family office association to support wealth transfer
DIFC
Five key trends shaping the financial services sector in 2023
Financial services sector outlook for 2023: Increasing demand for hedge funds, Middle East IPO boom, strengthening family businesses, emergence of Dubai as a slobal fintech capital, and accelerating climate finance in the UAE
Easa Saleh Al Gurg Group
Good governance is the bedrock of a successful family businesses
The foundation of every family business is a set of values that form a huge part of a company’s legacy, longevity, and resilience
Abu Dhabi
Abu Dhabi’s Hub71 launches capital club for family offices to access technology investments
‘Tech Barza’ aims for higher family office participation within Abu Dhabi’s global tech ecosystem to unlock investment opportunities
Business Registration and Licensing
Dubai World Trade Centre Authority rolls out new license regulations for family offices
Regulations address the needs of family-run entities and introduce a new platform for wealthy families to set-up offshore holding companies within DWTCA’s designated free zone
decision making
Preparing young adults for wealth
For family businesses to future-proof themselves, they must consider all the facets of succession planning, the modalities for passing on leadership roles and ownership across generations, family members, and employees
business leadership
Why taking the ‘easy option’ was never a thought for Murtaza Hashwani
After boarding school in the UK, followed by college in the US, Dubai-based Murtaza revealed the many conversations he had with his father about becoming part of the Hashoo Group – what had become the makings of a formidable family business
business leaders
Family values form the nucleus of an organisation’s success
Striking a proper work-life balance is an age-old question
Brand View
Generation next: Abdul Majid Rabbat
Brand View: Abdul Majid Rabbat, the CEO of SARA Group, on planning, operating and running a family business
E. Merck KG
What has kept the world’s oldest pharma company running for 350 years?
Dr Frank Stangenberg-Haverkamp, chairman of the executive board and the family board of E. Merck KG, says it’s partly because no one in the family owns a private jet
Abu Dhabi
From pearls to providence: A family business history of diversification
Established in 1946, the Mohamed Hareb Al Otaiba Group is one of the oldest trading organisations in United Arab Emirates. This is a unique insight into the story of their diversification through the years.