Sunday 26 April 2015
 
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Family business

Bahrain forum on family business issues

The issues facing Bahrain's family businesses and what needs to be done to make their model more robust will be discussed at a key seminar this evening (April 5). Organised by Khalid Kanoo-led Bahrain Family Business Associati

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Succession planning ‘critical’ for family firms

While more than 85 per cent of privately held businesses in the Middle East are family-owned, the first line of founders are now reaching retirement age and are finding succession planning a critical challenge, a report said. Such

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GCC family businesses eyeing IPOs to raise funds

As the Gulf's initial public offering (IPO) and private equity markets rebound, aided by improved confidence in the regional economy, companies '“ including family businesses '“ are increasingly looking at IPOs or private

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All in the family for Middle East businesses

More than 80 per cent of family-owned businesses have no term or age limits on board membership and one-third do not evaluate board members' performance, a survey has found. The survey by Deloitte also found that nearly half (

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Dubai to host ME's first family business event

More than 800 members from across the globe are expected to attend the Middle East region's first 'Family Business Network International' event to be held in Dubai this October. The event marks the first time Family Bu

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Saudi family businesses eyeing IPOs

Saudi Arabia’s capital markets are set for sustained growth, said a top financial official. “We see strong demand coming from within the Saudi Arabian economy,” remarked Adel Saleh Al-Ghamdi, the CEO of the Saudi Stock

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E&Y launches business center of excellence

Ernst & Young (E&Y) has announced the launch of its Global Family Business Center of Excellence, a powerful new online resource. The center showcases E&Y’s long and deep commitment to family businesses and provid

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Family businesses 'must professionalise governance'

Arab family businesses face the risk of destruction of value if they fail to professionalise the governance structures of their businesses, an expert has warned. Global statistics show that less than 10 per cent of family business

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KPMG launches family business centre

Leading professional services advisory firm KPMG has announced the launch of a global centre of excellence for family business. The initiative is in collaboration with Young Presidents' Organisation (YPO), a global network of young

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Challenges mounting for ME family businesses

Family businesses in the Middle East are now competing in a more turbulent environment dominated by pluralistic social values, intensified competition, a global economy and rapidly changing politics and regulation, said a report. The ar

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