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.
In the middle of a regional war, drone attacks, Hezbollah threats and grinding geopolitical uncertainty, Israel's shekel is doing something unexpected: it is surging. And that is becoming a serious problem.
The UAE economy has demonstrated remarkable resilience in the face of global geopolitical turbulence and is set for continued robust growth in the years ahead, driven by the sectors shaping tomorrow's economy, digital infrastructure, artificial intelligence, sustainability and transformation.
ADNOC's six listed subsidiaries posted a resilient first quarter, generating combined revenues of $11.8 billion, EBITDA of $3.7 billion and net profit of $2.2 billion, a strong set of numbers for a period marked by extraordinary disruption in the Strait of Hormuz.
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