Egypt
Geely expands into Egypt
Chinese automotive giant Geely has officially announced plans to export 30,000 vehicles in the near future, a move that aligns with the inauguration of its newly established factory in Egypt.
The wealthiest families in the Middle East
1 min
Forbes Middle East publishes in its March edition the 'Top 100 Arab Family Businesses 2024.'
The magazine cover (March 2024)
Forbes Middle East publishes in its March edition the 'Top 100 Arab Family Businesses 2024.'
Big homegrown businesses in the Middle East are not only economic entities but also cultural and social institutions deeply rooted in tradition and heritage.
Middle Eastern family businesses, once characterized by traditional sectors such as hospitality, retail, and manufacturing, are increasingly diversifying into emerging industries. The push for innovation and adaptation is crucial in the face of global competition and rapid technological advancements.
Many family businesses are investing in research and development, digital transformation, and sustainable practices to secure their place in the evolving market.
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Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say
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Saudi Arabia
Saudi budget airline Flyadeal set to order 10 Airbus A330-900s
Saudi budget airline flyadeal is putting the finishing touches to a deal to order 10 Airbus A330neo jets in its first full-blown expansion into wide-body planes, as the kingdom pursues a surge of spending on aviation, industry sources said on Tuesday.
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