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January 31, 2018

Your family is in need of some downtime, but with a splash of glamour. So where do you go? And how are our luxury escapes changing? Alison Ebbage speaks to Philippe Brown, founder of bespoke travel planners Brown and Hudson

Your family is in need of some downtime, but with a splash of glamour. So where do you go? And how are our luxury escapes changing? Alison Ebbage speaks to Philippe Brown, founder of bespoke travel planners Brown and Hudson

June 28, 2017

Japanese airbag maker Takata files for bankruptcy; Dubai to launch first Crowd Endowment Park in the world; Natwest introduces new Family Business Entrepreneur of the Year award.

Japanese airbag maker Takata files for bankruptcy; Dubai to launch first Crowd Endowment Park in the world; Natwest introduces new Family Business Entrepreneur of the Year award

Faulty airbag-maker files for bankruptcy

An airbag company made famous for all the wrong reasons has filed for bankruptcy in Japan and the United States.

July 30, 2014

They say a golden key opens all doors and, with the right amounts of investment, buying residency or nationality to the country of your choice is no exception. So what are the various options for investors with the funds to spend?

August 20, 2013

In a rare interview, CampdenFB talks to Mishal Kanoo, deputy chairman of one of the Middle East’s top family businesses, the Kanoo Group.

Family life is extremely private in the Gulf. In a way, it is not surprising that people who dress so conservatively, with women shrouded in black and men cloaked in white, should be so guarded in showing a public face. In the same way, family businesses in the Gulf Cooperation Council, which make up the vast majority of the successful corporations there, are curiously reluctant to share their successes with the press. For this reason, the willingness of Mishal Kanoo, deputy chairman of the GCC-based Kanoo Group, to speak to CampdenFB, is all the more remarkable.

April 26, 2012

Family businesses are big in the Middle East – various estimates say around 90% of all companies in the region are controlled by families. But its importance was further underscored this week with the launch of the Family Business Network GCC, the first of its kind in the area.

Family businesses are big in the Middle East – various estimates say around 90% of all companies in the region are controlled by families. But its importance was further underscored this week with the launch of the Family Business Network GCC, the first of its kind in the area.

Covering members of the Gulf Cooperation Council, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, the network will be based in Dubai.

January 5, 2012

The Abdullah brothers, majority owners of jewellery retailer Damas, plan to sell some of their stake in the family business in an attempt to boost efforts to repay debt.

The Abdullah brothers, majority owners of jewellery retailer Damas, plan to sell some of their stake in the family business in an attempt to boost efforts to repay debt.

According to a filing with Nasdaq Dubai, where the Middle Eastern company first listed its shares in 2008, third-generation brothers Tawfique, Tawhid and Tamjid have appointed a financial adviser to help with the potential sale of a part of their 52% stake.

June 18, 2010

When the State-owned investment holding company Dubai World asked for an extension on debt repayments last year, it caused major global stock markets to fall as investors worried about the health of the Middle East’s economy, writes Richard Hemming.

When the State-owned investment holding company Dubai World asked for an extension on debt repayments last year, it caused major global stock markets to fall as investors worried about the health of the Middle East's economy, writes Richard Hemming.

Underlining the panic was the fact that the region as a whole is heavily weighted towards financial services companies, which represent about 50% of the local stock market indexes.

March 22, 2010

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA)

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA).
 

December 9, 2009

It's impossible to pick up a paper anywhere in the world without encountering news of the debt drama in Dubai, where family businesses dominate the economic landscape, writes Amy Schuman

Amy Schuman is a principal of the Family Business Consulting Group and a founding facilitator of the Next Generation Leadership Institute, part of the Loyola University Chicago Family Business Centre. 

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