Author: Arabian Media staff
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Image: Supplied The Middle East is entering a defining moment in its economic history. By 2030, an estimated $1tn in GCC-controlled wealth will be passed from one generation to the next. Yet, this transition is not only about transferring capital. It represents a shift in how families across the region think about prosperity, purpose, and legacy. In my work with families across the Gulf, I have seen how this generational shift is reshaping the very meaning of wealth. The next generation is proud of what their parents and grandparents built, but they also want to take that foundation further. While…
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Image: Getty Images/ For illustrative purposes Eighty six per cent of Middle Eastern companies say they already have a reinvention strategy in place and 82 per cent have accelerated their efforts over the past year, but only 9 per cent are progressing at scale, according to a new Accenture report. The study, Building tomorrow’s economies: How generative AI will reinvent business in the Middle East, examines how organisations across the region are responding to the impact of generative AI and the broader shift toward digital competitiveness. Accenture found that 76 per cent of business leaders believe generative AI could raise…
Images: Supplied Few destinations have rewritten their story as confidently as AlUla. Once known mainly to archaeologists and adventure seekers, it has become one of Saudi Arabia’s clearest examples of how tourism can be built with intention rather than speed. In this conversation with Gulf Business, Phillip Jones, chief tourism officer at the Royal Commission for AlUla, breaks down how the destination is influencing the kingdom’s tourism momentum and its model that blends conservation, community, and culture into a single vision. Saudi Arabia is leading global tourism spending growth, and AlUla is often cited as a model for purposeful tourism.…
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