AN EPOCHAL MOMENT FOR UAE FAMILY BUSINESSES: A comprehensive set of laws dedicated to their future – for family owned businesses in the UAE, shows their systemic importance to the local economy and how much their well-being, present and in the future, has a bearing on everything from job creation to the smooth functioning of the private sector. The new regulations provide these businesses – many of them already going through generational change – the right set of tools to plan ahead. Underscoring the new regulations are pathways for UAE’s family businesses to make gradual transitions into publicly owned enterprises. The laws that come into effect January are truly in path breaking. (By Manoj Nair, Business Editor)