Family businesses are an integral part of the economy but bridging the generation gap is vital for staying successful, academics warn in new research.
The companies are the main source of job and wealth creation and essential if the UAE hopes to move away from a reliance on oil, say researchers at the American University of Sharjah.
Family businesses are becoming less reliant on nepotism thanks to younger generations' formal education in running companies.
Family businesses vital for UAE to rely less on oil - The National
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