Latest news with #DubaiCentreforFamilyBusinesses
Gulf Today
15-07-2025
- Business
- Gulf Today
Dubai Centre for Family Businesses, Emirates NBD to support family businesses
The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has signed a Memorandum of Understanding with Emirates NBD to enhance support for family businesses in Dubai and promote their sustainable long-term growth. Under the terms of the MoU, the centre will collaborate with the Private Banking division at Emirates NBD to develop and integrate a framework of key functions to help businesses preserve their family wealth, legacy and values for future generations. This includes support in areas such as family business governance and succession planning. The centre will also offer tailored advisory services to the bank's family business clients, including governance maturity assessment, the development of family charters and family office structure to ensure smooth generational transitions. According to the MoU, Emirates NBD will encourage its family business clients to participate in leadership development programmes organised by the Dubai Centre for Family Businesses, which are designed to enhance knowledge and skills in governance, succession planning, and business continuity. The agreement also encompasses the organisation of specialised workshops by the centre for Emirates NBD clients focusing on key topics including best practices in family governance, succession planning, and family office structures. Experts from Emirates NBD will also participate in the centre's events. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, commented, 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth. This collaboration between the Dubai Centre for Family Businesses and Emirates NBD reflects our shared commitment to supporting the long-term growth of family enterprises across generations by equipping them with the tools they need to thrive and enhance their competitiveness both locally and globally.' AlJarwan added, 'We are committed to supporting family businesses in adopting best practices in governance, succession planning, and next-generation skills development. This helps to strengthen their resilience and adaptability in an evolving economic landscape. We remain focused on building strategic partnerships to offer holistic solutions that support the continuity and expansion of family businesses, which are key to economic diversification and cementing Dubai's position as a global business hub.' Mohammad Al Bastaki, Group Head of Private Banking at Emirates NBD, said, 'Emirates NBD is pleased to collaborate with the Dubai Centre for Family Businesses to strengthen the emirate's family-owned business ecosystem. This sector plays a vital role in driving GDP, and our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda.' Al Bastaki added, 'The recent introduction of various regulatory and legislative changes across the UAE has positively enabled family businesses to be better prepared for succession. However, it is estimated that only 20% of family businesses in the Middle East are managed by the third generation.' WAM
Al Etihad
15-07-2025
- Business
- Al Etihad
Dubai Centre for Family Businesses, Emirates NBD to support family businesses
15 July 2025 12:45 DUBAI (WAM) The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has signed a Memorandum of Understanding with Emirates NBD to enhance support for family businesses in Dubai and promote their sustainable long-term the terms of the MoU, the centre will collaborate with the Private Banking division at Emirates NBD to develop and integrate a framework of key functions to help businesses preserve their family wealth, legacy, and values for future generations. This includes support in areas such as family business governance and succession centre will also offer tailored advisory services to the bank's family business clients, including governance maturity assessment, the development of family charters and family office structure to ensure smooth generational to the MoU, Emirates NBD will encourage its family business clients to participate in leadership development programmes organised by the Dubai Centre for Family Businesses, which are designed to enhance knowledge and skills in governance, succession planning, and business agreement also encompasses the organisation of specialised workshops by the centre for Emirates NBD clients, focusing on key topics including best practices in family governance, succession planning, and family office structures. Experts from Emirates NBD will also participate in the centre's President of Commercial and Corporate Services at Dubai Chambers, Khalid AlJarwan, commented, 'Family businesses play a pivotal role in driving economic development, and ensuring their continued success is vital to sustainable growth. This collaboration between the Dubai Centre for Family Businesses and Emirates NBD reflects our shared commitment to supporting the long-term growth of family enterprises across generations by equipping them with the tools they need to thrive and enhance their competitiveness both locally and globally.'AlJarwan added, 'We are committed to supporting family businesses in adopting best practices in governance, succession planning, and next-generation skills development. This helps to strengthen their resilience and adaptability in an evolving economic landscape. We remain focused on building strategic partnerships to offer holistic solutions that support the continuity and expansion of family businesses, which are key to economic diversification and cementing Dubai's position as a global business hub.'Group Head of Private Banking at Emirates NBD, Mohammad Al Bastaki, said, 'Emirates NBD is pleased to collaborate with the Dubai Centre for Family Businesses to strengthen the emirate's family-owned business ecosystem. This sector plays a vital role in driving GDP, and our new partnership solidifies Emirates NBD's commitment to economic growth in line with the Dubai Economic Agenda.' Al Bastaki added, 'The recent introduction of various regulatory and legislative changes across the UAE has positively enabled family businesses to be better prepared for succession. However, it is estimated that only 20% of family businesses in the Middle East are managed by the third generation.'
Mid East Info
05-07-2025
- Business
- Mid East Info
Dubai Centre for Family Businesses launches first 2025 cycle of Next-Gen Family Businesses Training Programme
The programme adopts an innovative training methodology to empower the next generation of family business leaders that includes interactive group discussions, role-play sessions, practical assessments, and real-life case studies. Dubai, UAE – The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has launched the first 2025 cycle of its world-class Next-Gen Family Businesses Training Programme. The transformative leadership experience is designed to empower the next generation of family business leaders with the essential leadership, governance, and entrepreneurial capabilities required to create sustainable value for their family enterprises. The inaugural 2025 cycle has attracted a strong cohort of 25 participants. The programme adopts an innovative training approach, incorporating interactive group discussions, role-play sessions, practical assessments, and real-life case studies directly aligned with the unique challenges and opportunities faced by family businesses. The comprehensive curriculum covers a wide range of key areas essential for sustainable success, including fundamentals of governance in family businesses, effective board leadership, entrepreneurship, and strategic decision making, together with communication skills and conflict resolution. By the end of the training, participants will have gained valuable capabilities to help them balance family and business leadership, develop a deeper understanding of governance principles and the board's role in driving growth, and apply balanced and effective leadership models. The curriculum also provides access to global best practices adapted to the needs of the regional business landscape, enhancing both the participants' personal leadership skills and professional vision. The Next-Gen Family Businesses Training Programme supports participants in developing practical management and leadership capabilities, enabling them to lead their family businesses effectively and ensure continued success. It also offers knowledge on exploring business challenges and equips participants with the practical leadership skills needed to successfully lead family enterprises in an evolving global landscape. The Dubai Centre for Family Businesses was launched in May 2023 under the umbrella of Dubai Chambers to promote the sustainability and growth of family businesses in the emirate. The centre is dedicated to advancing the development of this vital sector and enhancing its economic contribution to Dubai's future development plans.
Mid East Info
15-05-2025
- Business
- Mid East Info
Dubai Centre for Family Businesses explores ways to promote sustainable intergenerational growth for family-owned companies
Dubai, UAE – The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, today hosted the latest event in its 'Governance Series.' The session showcased a successful global case study and focused on advancing sustainable growth across generations in family businesses, with 35 representatives from Dubai-based family enterprises in attendance. The session explored practical strategies for succession planning and enhancing the engagement of next-generation leadership within family businesses. It featured a panel discussion with three executives from Greiner AG, a global company specialising in packaging solutions, biotechnology, pharmaceutical diagnostics, and foam production. Founded by the Greiner family in Austria in 1868, the company has successfully operated and expanded across five generations in over 31 countries. The discussion addressed the strategies implemented by Greiner AG to develop its governance structures and ensure effective succession planning. The session also featured presentations from three senior members of Greiner AG's leadership team: Hannes Moser, Chief Financial Officer and member of the board of directors; Christoph Greiner, a board member since 2015 and member of the family council since 2010; and Dominik Greiner, a member of the board since 2020 and family council member since 2015. The speakers shared in-depth insights into best practices for developing family business governance and securing long-term success. The Governance Series forms part of Dubai Centre for Family Businesses' ongoing efforts to support family enterprises. It features a range of educational seminars addressing critical topics such as legal frameworks and governance structures, which are fundamental to effective succession planning, long-term business success, and regulatory compliance. The series enables participants to benefit from the experiences of other family businesses and strengthen their own organisational frameworks. The Governance Series aims to empower family businesses in Dubai to overcome common challenges, grow their operations, and encourage networking and knowledge-sharing between local, regional, and international family enterprises. It also offers a platform to showcase multi-generational success stories and learn from real-world experiences.
Hi Dubai
05-05-2025
- Business
- Hi Dubai
Dubai Launches Guidebook to Help Family Businesses Grow and Sustain Wealth
Dubai has launched a new guidebook aimed at strengthening the long-term success and sustainability of family businesses, a sector considered critical to the emirate's economic future. Developed through a partnership between the Dubai Department of Economy and Tourism and the Dubai Centre for Family Businesses, the guidebook outlines practical strategies for protecting wealth, navigating succession, and driving growth across generations. It was unveiled during the first session of the centre's 'Knowledge Series' initiative at Dubai Chambers' headquarters. Titled Family Businesses in the Emirate of Dubai: A Guidebook , the resource provides detailed insights into governance structures, leadership planning, digital transformation, real estate ownership, taxation, and the legal framework for registering family enterprises in Dubai. It also addresses conflict resolution, philanthropy, and government support programs. The launch event featured panel discussions focused on preserving legacy and fostering innovation, while highlighting key components of the UAE Family Business Law. Sahia Ahmad, CEO of Regulatory Policy and Governance at the Department of Economy and Tourism, said family businesses are integral to Dubai's D33 economic agenda, which targets doubling the emirate's economy by 2033. She emphasized the guidebook as part of a broader strategy to enhance Dubai's global competitiveness through policy support and strategic collaboration. Khalid AlJarwan, Vice President at Dubai Chambers, described the initiative as a step toward promoting best practices in governance and performance across family-run firms. The guidebook is expected to play a vital role in equipping family enterprises with the tools and knowledge needed to thrive in a rapidly evolving business landscape. News Source: Emirates News Agency
