{"id":11766,"date":"2023-11-21T15:54:30","date_gmt":"2023-11-21T15:54:30","guid":{"rendered":"https:\/\/handle.ae\/?p=11766"},"modified":"2023-11-21T15:54:30","modified_gmt":"2023-11-21T15:54:30","slug":"dubai-issues-new-guidelines-for-family-businesses","status":"publish","type":"post","link":"https:\/\/handle.ae\/dubai-issues-new-guidelines-for-family-businesses\/","title":{"rendered":"Dubai issues new guidelines for family businesses"},"content":{"rendered":"<p><em>Dubai Chambers is committed to boosting the competitiveness of family businesses<\/em><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-11742 aligncenter\" src=\"https:\/\/handle.ae\/wp-content\/uploads\/2023\/11\/137-G-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/handle.ae\/wp-content\/uploads\/2023\/11\/137-G-300x200.jpg 300w, https:\/\/handle.ae\/wp-content\/uploads\/2023\/11\/137-G-1024x683.jpg 1024w, https:\/\/handle.ae\/wp-content\/uploads\/2023\/11\/137-G-768x512.jpg 768w, https:\/\/handle.ae\/wp-content\/uploads\/2023\/11\/137-G.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">The Dubai Centre for Family Businesses which was developed as an integrated system under the directive of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued new guidelines for\u00a0<\/span><a href=\"https:\/\/www.arabianbusiness.com\/powerlists\/revealed-success-stories-of-family-owned-businesses-in-the-middle-east\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334; text-decoration: none; text-underline: none;\">family-owned companies<\/span><\/a><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">\u00a0in Dubai.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">The new set of governance guidelines aims to support family businesses to develop frameworks that will ensure a smooth succession process and continuity of the businesses.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><strong><span style=\"font-size: 10.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">Dubai\u2019s integrated family business guidelines<\/span><\/strong><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">The guidelines are based upon international best practices that have been adapted towards local needs, as part of a comprehensive project that is being implemented in collaboration with Dubai Chamber of Commerce and the Government of Dubai.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">The guidelines constitute of advice on the value of developing a Family Constitution, practical tips, insights, tools and more.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers said: \u201cThe issuance of the new family business governance guidelines represents another important step forward in ensuring the sustainability, growth, and continuity of family businesses in Dubai. The principles outlined provide a comprehensive and integrated vision that will help companies develop effective strategies for a smooth transition of leadership between successive generations and promote the concept of sound governance.\u201d<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0in 6.0pt 0in;\"><span style=\"font-size: 9.0pt; font-family: 'Candara','sans-serif'; color: #303334;\">Family-owned businesses in Dubai make up a majority of the sector with significant contributions to the country\u2019s non-oil economy.<\/span><\/p>\n<p>&nbsp;<\/p>\n<pre>Source: <a href=\"https:\/\/www.arabianbusiness.com\/politics-economics\/dubai-issues-new-guidelines-for-family-businesses\"><strong>ArabianBusiness<\/strong><\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Dubai Chambers is committed to boosting the competitiveness of family businesses The Dubai Centre for Family Businesses which was developed as an integrated system under the directive of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued new guidelines for\u00a0family-owned companies\u00a0in Dubai. The new [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":11742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-11766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/posts\/11766"}],"collection":[{"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/comments?post=11766"}],"version-history":[{"count":1,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/posts\/11766\/revisions"}],"predecessor-version":[{"id":11770,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/posts\/11766\/revisions\/11770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/media\/11742"}],"wp:attachment":[{"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/media?parent=11766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/categories?post=11766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handle.ae\/wp-json\/wp\/v2\/tags?post=11766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}