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.
Israel’s flag carrier grew third-quarter revenue 18% to a record $1.27 billion. But fuel costs, a stronger shekel and the return of foreign competitors are starting to weigh on its margins.
In a single trading day, Wall Street went from celebrating artificial intelligence to questioning how it is paid for. Jacques Lemoisson, head of the economic intelligence firm Gate Advisory, says the warning signs had been building for months.
Moody’s has raised its growth forecasts for the Israeli economy, but cautions that the stronger headline figures overstate the health of domestic activity.
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