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.
The Democratic Republic of Congo (DRC) has agreed to ship copper to Saudi Arabia and the United Arab Emirates under a new, US-backed partnership aimed at weakening China’s grip on global supplies of critical minerals.
Lebanon holds one of the largest gold reserves in the Middle East. Now, as the country sinks deeper into economic collapse, officials are quietly debating whether that stockpile could help stabilize a shattered financial system, a move that remains politically toxic and legally constrained.
Saudi Arabia is positioning itself as a new hub in Africa’s gold trade, announcing that it is ready to begin purchasing bullion directly from Sudan in a move that could reshape long-established export routes dominated by Dubai.
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