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Saudi Arabia

July 17, 2009

Ahmed Hamad Algosaibi and Brothers Company (AHAB), one of Saudi Arabia’s oldest family-owned conglomerates, has filed a lawsuit against Maan Al-Sanea, the head of another Saudi family company.

Ahmed Hamad Algosaibi and Brothers Company (AHAB), one of Saudi Arabia's oldest family-owned conglomerates, has filed a lawsuit against Maan Al-Sanea (pictured), the head of another Saudi family company. The lawsuit accuses the billionaire leader of the Saad Group of having "misappropriated approximately $10 billion as a result of his frauds."
 

July 13, 2009

Saudi Arabian banks are expected to report a drop in profits due to the huge debt of the region’s family-owned businesses.

Saudi Arabian banks are expected to report a drop in profits due to the huge debt of the region's family-owned businesses.
 

March 1, 2004

Family businesses in the Middle East generate billions of dollars in revenue. But times are changing and the political and economic outlook is a mixed bag for some 20 countries associated with the region. Membership in the World Trade Organisation, say commentators, will have a profound affect on family businesses.

Scott McCulloch is Editor of Families in Business magazine.

Family businesses in the Middle East generate billions of dollars in revenue. But times are changing and the political and economic outlook is a mixed bag for some 20
countries associated with the region. Membership in the World Trade Organisation, say commentators, will have a profound affect on family businesses.

March 1, 2004

Corporate social responsibility sounds cool, but seems a contra­diction in terms in an ever-aggressive global business landscape. But it is part of the business remit for Bahrain’sKanoo Group of companies

Melanie Stern is Section Editor of Families in Business magazine.

Corporate social responsibility sounds cool, but seems a contra­diction in terms in an ever-aggressive global business landscape. But it is part of the business remit for Bahrain'sKanoo Group of companies

January 1, 2004

I’ve been planning my retirement for some 15 years. I keep a sharp eye on my pension schemes and investments, and quietly rejoice that I never sunk my hard-earned cash into IT companies – firms that rode a tsunami of venture capital in the late 1990s only to come crashing down as the dot-com boom soured.

I've been planning my retirement for some 15 years. I keep a sharp eye on my pension schemes and investments, and quietly rejoice that I never sunk my hard-earned cash into IT companies – firms that rode a tsunami of venture capital in the late 1990s only to come crashing down as the dot-com boom soured. I've stuck to diamond mines, mutual funds and property, after all, there's nothing wrong with hedging your bets.

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