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Middle Eastern family businesses

October 31, 2014

Heading to university in the US, Hussain Al Alawi, 33, got a taste of the highflying lifestyles of some of his classmates. But with a father unwilling to bankroll such extravagance, the third-gen got entrepreneurial

October 10, 2014

Asia, the Middle East and Africa are currently some of the fastest growing economies in the world. Now a new report profiles what makes the regions’ high net worth business owners tick.

Founded in 1974, Foxconn, a Taiwanese electronics empire, already has revenues of $131.8 billion (€104.4 billion). It’s not a consumer brand, but its electrical components power iPhones, Kindles and Playstations, among other gadgets. Still in the hands of its founder, Terry Gou, the company is an example of the way private business can exploit the skyrocketing economies of developing regions.

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