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United Arab Emirates

May 11, 2020

Tests faced by wealthy family businesses in the Gulf are usually related to a stock market crash, loss of an investment or, at worst, the sudden death of the family patriarch. However, the Covid-19 pandemic has brought about a new and unprecedented challenge.

Tests faced by wealthy family businesses in the Gulf are usually related to a stock market crash, loss of an investment or, at worst, the sudden death of the family patriarch. However, the Covid-19 pandemic has brought about a new and unprecedented challenge.

When the outbreak was announced the immediate concern for wealthy families, or private clients as we refer to, was the health and safety of the family patriarch since they were now of an advanced age which placed them in the vulnerable and high-risk category.

March 23, 2020

The families behind a British hospitality group, a German automaker and an emirates conglomerate are doing their bit in the fight against the coronavirus pandemic by cancelling commercial rents, providing face masks and donating ambulances.

The families behind a British hospitality group, a German automaker and an emirates conglomerate are doing their bit in the fight against the coronavirus pandemic by cancelling commercial rents, providing face masks and donating ambulances.

Fuller, Smith and Turner, the UK’s 174-year-old family-controlled pub and hotel business temporarily closed its entire managed pubs and hotels estate from today until further notice. There have been 5,683 cases and 281 deaths in the UK from COVID-19, the disease caused by the coronavirus.

December 19, 2017

When your country is only 45 years old, it makes sense many businesses based there are young too. So succession is an issue which plays on the minds of many family business heads in the United Arab Emirates, as they enter the throes of the first generational transition. James Beech and Alexandra Newlove report

When your country is only 45 years old, it makes sense many businesses based there are young too. So succession is an issue which plays on the minds of many family business heads in the United Arab Emirates, as they enter the throes of the first generational transition. James Beech and Alexandra Newlove report

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.

April 23, 2013

The GCC might just have the highest concentration of family businesses in the world. 

Business means family business in the Gulf Cooperation Council – comprising the six states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Among the best known are such firms as the Kanoo Group in Bahrain and the Al Masaood Group in the UAE. Many, such as Obeikan, the Al Khorayef Group and the Zamil Group, come from Saudi Arabia, which is by far the region’s most populous country.

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