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Middle East

February 13, 2019

Business families of significant wealth are reviewing the implications of Brexit as the scheduled date for Britain’s withdrawal from the European Union looms.

Business families of significant wealth are reviewing the implications of Brexit as the scheduled date for Britain’s withdrawal from the European Union looms.

PwC has been urging clients to start activating contingency plans in areas where Brexit may affect supply chains and cross-border change. For the sector as whole, many organisations were still waiting to see what the final outcome of negotiations will be before taking significant investment decisions, Peter Englisch (pictured above), global and EMEA family business leader at PwC Germany, said.

May 1, 2018

Ghazi Abu Nahl, insurance magnate, philanthropist, and father-of-five, shows few signs of slowing down. Despite turning 72 this year, his schedule sees him in a new city virtually every week. So how did a former refugee, who describes his ideal day as being at home with his wife and children, build a global business empire with more than $5 billion in assets? Alexandra Newlovereports

Ghazi Abu Nahl, insurance magnate, philanthropist, and father-of-five, shows few signs of slowing down. Despite turning 72 this year, his schedule sees him in a new city virtually every week. So how did a former refugee, who describes his ideal day as being at home with his wife and children, build a global business empire with more than $5 billion in assets? Alexandra Newlovereports

April 30, 2018

The ancient religious trust known as the Jerusalem Islamic Waqf is coming back into vogue in Dubai. Not only are waqfs a way for families to set up charitable foundations and launch their charitable funds, they are also popular among family business principals who want to organise their inheritance in confidence.

The ancient religious trust known as the Jerusalem Islamic Waqf is coming back into vogue in Dubai. Not only are waqfs a way for families to set up charitable foundations and launch their charitable funds, they are also popular among family business principals who want to organise their inheritance in confidence.

This emerging trend, along with law changes in the United Arab Emirates (UAE), could be a big boost for smoother succession planning.

April 27, 2018

More family offices are looking to shift jurisdiction this year, advisers say, as political instability continues from London to the Middle East.

More family offices are looking to shift jurisdiction this year, advisers say, as political instability continues from London to the Middle East.

March 6, 2018

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Revenue for the full year fell after more than a decade of strong growth to DKK 35 billion ($5.8 billion) from DKK 37.9 billion ($6.3 billion) in 2016. The decline came despite a Lego movie and Star Wars merchandise tie-ins and the royal opening of the Lego House family attraction last year.

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

November 23, 2017

This has been the debate here—how to convince elder patriarchs that succession planning will fit with their life and afterlife. When they reach their 70s or 80s, they are preoccupied with facing God, not legacy, and so this region is at risk of losing big businesses.

The Arabian Gulf as we know it did not exist more than 50 years ago, as far as world maps were concerned, and while the region emerged in wealth due to oil and gold, the wealth was concentrated in tribal families.

June 28, 2017

What are the attitudes of the Middle East and Far East ultra-wealthy at the coalface of financial services? James Campbell, newly appointed partner in Ogier's Jersey private client and trusts team, looks at trends within the international private client space.

What are the attitudes of the Middle East and Far East ultra-wealthy at the coalface of financial services? James Campbell, newly appointed partner in Ogier's Jersey private client and trusts team, looks at trends within the international private client space.

Why is bespoke structuring on the rise?

June 13, 2017

While Saudi Arabian family businesses do not dominate the economy to the extent seen with family firms in some other Gulf states, they nevertheless play a crucial role in the country’s economy. But ties to the petroleum sector makes some of them vulnerable to oil price fluctuations, as recent events show. Daniel Bardsley takes a look

While Saudi Arabian family businesses do not dominate the economy to the extent seen with family firms in some other Gulf states, they nevertheless play a crucial role in the country’s economy. But ties to the petroleum sector makes some of them vulnerable to oil price fluctuations, as recent events show. Daniel Bardsley takes a look

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