Finance World Magazine| Edition: February 2024
This edition of Finance World magazine delves into the intricate tapestry of family businesses that form the backbone of the UAE's economic landscape. While the world marvels at the skyscrapers that adorn the horizon, it is the stories of resilience, tradition, and financial acumen within these family enterprises that define the nation's economic fabric. The cover story highlights some of the influential family businesses that traverse diverse sectors within the UAE, weaving together a narrative that profoundly influences the nation's economic trajectory. Furthermore, articles such as 'Exploring The AlMulla Brothers' Visionary Approach to Healthcare' and 'Innovation in Elevation: Al Habtoor Real Estate's Landmark Projects of 2023' navigate the influential role of family businesses in driving growth within diverse sectors. Moreover, the magazine explores regulatory initiatives taken by the UAE to boost family businesses within the country and their consequential impact on the economy. Articles including, 'The Economic Significance of Family Businesses in the UAE' and 'UAE's Unified Registry Launch: Strengthening Family Business Governance' provide insights into these regulatory measures. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
This edition of Finance World magazine delves into the intricate tapestry of family businesses that form the backbone of the UAE's economic landscape. While the world marvels at the skyscrapers that adorn the horizon, it is the stories of resilience, tradition, and financial acumen within these family enterprises that define the nation's economic fabric.
The cover story highlights some of the influential family businesses that traverse diverse sectors within the UAE, weaving together a narrative that profoundly influences the nation's economic trajectory. Furthermore, articles such as 'Exploring The AlMulla Brothers' Visionary Approach to Healthcare' and 'Innovation in Elevation: Al Habtoor Real Estate's Landmark Projects of 2023' navigate the influential role of family businesses in driving growth within diverse sectors.
Moreover, the magazine explores regulatory initiatives taken by the UAE to boost family businesses within the country and their consequential impact on the economy. Articles including, 'The Economic Significance of Family Businesses in the UAE' and 'UAE's Unified Registry Launch: Strengthening Family Business Governance' provide insights into these regulatory measures.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Business<br />
Image Supplied<br />
Innovative Solutions,<br />
Enduring Wealth:<br />
Exploring the DIFC<br />
Family Wealth Centre<br />
“As the next generation takes on the responsibility for<br />
growing their family wealth, DIFC’s experience and<br />
expertise will enhance their ability to achieve their future<br />
ambitions”. H.H. Sheikh Maktoum bin Mohammed<br />
Family businesses anchor the UAE’s economy, constituting almost 90% of private companies.<br />
In the compelling narrative of Dubai’s<br />
remarkable economic growth, family<br />
enterprises emerge as key drivers of<br />
progress and innovators contributing to<br />
value creation. Constituting over 40% of<br />
the emirate’s GDP, this sector epitomises<br />
Dubai’s entrepreneurial spirit. As Dubai<br />
endeavours to usher in a new era of robust<br />
economic expansion, the government<br />
is implementing a series of initiatives<br />
aimed at fortifying family businesses and<br />
ensuring their resilience. Over the past<br />
year, Dubai has introduced fresh legislative<br />
measures and support systems, addressing<br />
the challenges and opportunities arising<br />
from a world economy in flux. One such<br />
initiative is the inauguration of the DIFC<br />
Family Wealth Centre which aims to<br />
maximise the growth and potential of<br />
family businesses.<br />
22 www.thefinanceworld.com <strong>February</strong> <strong>2024</strong>
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