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 Gulf Cooperation Council (GCC) economy maintained solid momentum in the third quarter of 2025, with nominal GDP reaching approximately US$595 billion, representing annual growth of 2.2 percent compared to the same period in 2024, according to data from GCC-Stat.
The UAE Banks Federation (UBF) has welcomed the selection of the UAE to host the World Bank Group and IMF Annual Meetings in 2029, calling it a reaffirmation of the country's standing as a global financial hub.
Iranian authorities see the truce with the United States and Israel as a strategic victory, but they emerge battered and isolated with an economy in tatters, little prospect of rapid recovery and an impoverished, embittered population.
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