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 a deal that could redraw regional trade routes and unlock the full potential of Jordan's vast mineral wealth, Amman and Abu Dhabi have signed a landmark $2.3 billion railway agreement, one of the most significant infrastructure partnerships the Middle East has seen in years.
LVMH's most prized division, fashion and leather goods, home to Louis Vuitton and Dior, has reported a 2% decline in organic revenue in Q1, undershooting even the modest contraction analysts had anticipated, according to Gate Advisory, a firm specializing in Financial Intelligence.
The Middle East is on a knife’s edge. A two-week ceasefire between the United States and Iran has bought the region a temporary exhale, but few serious observers believe the underlying tensions have been resolved.
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