Sunday 21 December 2014
 
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Family business

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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DBWC president wins top Forbes award

Dubai Business Women Council (DBWC) president Raja Al Gurg has received the ‘Most Influential Arab Woman in Family Business’ award during the Forbes Middle East CEOs Forum held in Dubai recently. The awards ceremony was host

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Dubai’s Al Habtoor plans IPO

  Dubai-based Al Habtoor Group is considering an initial public offering (IPO) amid further strengthening the UAE's position in the capital markets and increased inflows from the Euro zone, the company said in a statement.

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Succession plan ‘key to family businesses’

Family-owned businesses in the region have started looking at succession planning to manage and preserve their wealth for future generations, a report said. A research study by executive search firm CTPartners highlighted succession pla

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