Press Room

Current News

21/03/2017

VAT Alert - March 2017

In recent development on the implementation in the UAE, the Public Revenue Department of the Ministry of Finance have today initiated the first of a series of public engagement workshops for practitioners and businesses. The session was well attended with over 500 practitioners who were briefed o...
15/02/2017

Cost of VAT to the insurance industry

On 14 February 2017, international accountancy firm Grant Thornton in the UAE in partnership with the DIFC Insurance Association, hosted a VAT seminar discussion on the topic: "VAT and the challenges which the insurance industry needed to be prepared for”.   The session wa...
15/02/2017

CFOs are urged to prepare now

With only 11 months to go before the launch of VAT, CFOs are urged to prepare now says Grant Thornton’s Head of Tax and VAT, Gurdeep Randhay. In a recent Q&A with Grant Thornton’s Head of Tax and VAT, Gurdeep Randhay urges CFOs to prepare now for the impending launch of VAT ac...
15/02/2017

GCC nations plan simultaneous VAT rollout by 1 January 2018

Policy makers in the six-nation Gulf Co-operation Council are aiming to introduce a 5% Value Added Tax (VAT) within the UAE on 1 January 2018. The GCC has long planned to adopt VAT as a way to increase non-oil revenues, but economists and officials in some countries have speculated that simultane...
01/02/2017

Leveraging ERP to create value

It is a well-known fact that organisations invest a considerable amount of money and time in implementing their “Enterprise Resource Planning” (ERP) solutions. The combined software and hardware costs tend to be on the high side, with key members of staff typically spending upwards of...
10/11/2016

VAT is set to truly be taxing, with the next 13 months being crucial.

Diversification, changing operating models and promoting smart initiatives led by technology and employment continue to be key trends as we move into Q1 2017. In order to promote diversification, governments across the region have introduced various initiatives to reduce the dependency on oil gen...
20/07/2016

Grant Thornton named one of the 50 'Worlds Most Attractive Global Employers'

Grant Thornton is one of the 50 “World’s most attractive global employers,” according to the Universum Talent Survey of more than 270,000 business and engineering students from 12 of the world’s largest economies.      “We are very proud o...
11/05/2016

Islamic Finance and Christian Finance: A shared heritage

Islamic finance is today widely accepted as a global USD 2 trillion industry offering banking, insurance and asset management services in over 75 countries around both the Islamic and non-Islamic world. In recent years, it has captured headlines in the Financial Times and Wall Street Journal and...
08/03/2016

Annual global survey finds senior business roles held by women up slightly to 24%

On International Women’s Day, a new report based on the annual Grant Thornton survey of 5,520 businesses in 36 economies reveals a slight uptick of women in senior management positions from 22% to 24%, but a third of businesses still do not have women in leadership positions.  ...
01/03/2016

UAE businesses remain cautiously optimistic for the year ahead whilst optimism around the world is slightly down from Q3 2015.

Reveals a Grant Thornton report launched at an event with Economist insight from the Dubai Economic Development Department and HSBC Middle East. New research from Grant Thornton reveals that going into 2016, UAE businesses remain cautiously optimistic for the year ahead despite the spotlight...
28/02/2016

Strategic challenges highlighted for the UAE insurance sector

‘Strategic dilemmas in insurance’ released by Grant Thornton further identifies what insurance companies need to do now to embrace market changes this year. The Insurance sector in the UAE has recently shown signs of being impacted by changes in economic conditions and lowering oi...
25/02/2016

Hisham Farouk, CEO shares insights from the Economic Outlook report on Dubai Eye Radio

Hisham Farouk, CEO of Grant Thornton speaks to Dubai Eye to share key insights from the Economic outlook report along with sharing his views on the recent VAT announcement.    Click here or the image below to listen to the interview.   ...
23/02/2016

Islamic finance & oil prices: where to now?

Modern banks started offering Islamic finance in the mid-1970s. During that period, there were major developments in the Muslim world which included the oil boom, coupled with a greater sense of cultural awareness and pride as to the fact that the teachings of Islam encompass all aspects of life...
11/02/2016

Integrated Performance Management: How is it aligned with shareholder value?

In order to enhance shareholder value and align employees’ efforts with this overarching objective, businesses have been introducing and implementing various performance management tools and techniques: strategy implementation dashboards, balanced scorecards, planning and budgeting methodol...
10/02/2016

Hisham Farouk, CEO of Grant Thornton, says it would be advisable for companies to start considering ERP implementation prior to the official VAT date

Hisham Farouk, CEO of Grant Thornton shares his insights with Wealth Monitor Magazine on what businesses can do now to prepare for the introduction of VAT. Considering that the UAE and other GCC countries are mulling over imposing VAT in the medium term, how businesses in the UAE can attune t...
21/10/2015

Grant Thornton named employer of the year by International Accounting Bulletin for second consecutive year

For the second consecutive year, Grant Thornton has been named global 'employer of the year' by the International Accounting Bulletin. Hisham Farouk, CEO of Grant Thornton, United Arab Emirates said: "It’s a great honour to be recognised again for our commitment to our...
27/09/2015

Cyber attacks cost global business over $300bn a year

Grant Thornton global survey finds that one in six businesses have experienced a cyber attack in the past year. New research from Grant Thornton reveals that cyber attacks are taking a serious toll on business, with the total cost of attacks globally estimated to be at least US$315bn* over th...
20/09/2015

Middle East & Africa offers strong market growth for dynamic businesses, with the UAE leading in the region.

The Middle East & North Africa ranks well above North America, Europe and Latin America in terms of market growth opportunities according to the Grant Thornton Global Dynamism Index (GDI) 2015. However, the region is lagging behind on a number of other indicators including labour market and f...
08/09/2015

Think responsibly: CSR reporting

Corporate social responsibility (CSR) reporting is an opportunity for a company to showcase its personality and ethics to its customers as well as the greater community. It highlights issues that are close to the company’s core values through the causes it contributes to, and the way in whi...
08/09/2015

The changing role of Audit

Grant Thornton, in association with ACCA recently hosted a roundtable event to discuss the developments in the region’s audit industry. The concept of transparency and rotation has been a longstanding debate in relation to the audit market both within the UAE and globally. More recently...
24/08/2015

The future of Audit is set to transform in the UAE, leading way to change say Grant Thornton and ACCA

Grant Thornton, a leading international assurance and advisory firm and the Association of Chartered Certified Accountants (ACCA), the leading global professional accountancy body hosted a number of key influencers in Dubai and Abu Dhabi at an event titled “The Future of Audit”, which...
20/07/2015

Deficient in digital and diversity: boards need 21st century upgrade to meet todays challenges

A new report released by Grant Thornton finds that the composition of boardrooms around the world needs upgrading to reflect today’s digital economy and diverse business community. The report highlights significant opportunities for improvements to performance and growth to those who meet t...
24/06/2015

Grant Thornton named one of the 50 'Worlds Most Attractive Global Employers'

A survey of more than 240,000 business and engineering students from 12 of the world’s largest economies named Grant Thornton one of the 50 'World’s most attractive global employers'.  The survey was conducted as part of the Universum Annual Student Survey. Hisha...
17/06/2015

Businesses embrace automation to innovate and promote efficiency

Fifty years on from the world’s first personal computer going into mass production, the Grant Thornton International Business Report, a survey of 2,571 executives in 36 economies, reveals the scale of technology’s influence on business with the majority of firms now planning to a...
16/06/2015

Digital: The next frontier for hotels

Established companies in the hospitality and tourism sector are having to work harder than ever to grow further. A series of recent events have disrupted demand in the short-term, but in the longer term, the rise of the digital economy is threatening traditional operating models and sales channel...
01/06/2015

Outsourcing: Going beyond technical expertise

Companies outsource back-office business processes mainly to boost efficiency and reduce costs. Payroll, HR and accounting processes – the most common to be outsourced – are heavily transactional, and many companies determine that external specialists can execute these far more cost-e...
05/05/2015

Dubai calling: Franchising opportunities in the gateway to the Middle East

Dubai is the most populous city in the United Arab Emirates (UAE) and the commercial capital of the Persian Gulf. Part of its success and appeal is its business-friendly climate. There are no capital gains, personal income, sales or withholding taxes in the emirate. Instead, residents and bu...
03/05/2015

United Arab Emirates Economic Overview 2015

The United Arab Emirates (UAE) continues to drive regional change with an economy that has remained exceptionally buoyant throughout 2014. The country boasts one of the most agile economies in the world and has witnessed strong growth. As a result, the UAE consistently scores high across all glob...
03/05/2015

Governance vs Corporate Governance

When we hear the term “corporate governance”, we instantaneously parallel the phrase with rules and procedures, stock market regulations, codes, standards, compliance, etc. Corporate governance is perceived by many publically-listed companies as a burden that limits their freedom beca...
23/04/2015

Oil Prices: Where, Why And What Next?

The price of crude oil has been in free fall over the last nine months or so, which has made headlines around the world and continues to do so. Brent crude was priced at $115 per barrel in June 2014 before taking a steep slide bringing it to a $45 per barrel range – almost a 60 per cent dro...
16/04/2015

Global survey finds growing appetite for acquisitions as vendor confidence returns

The latest research from the Grant Thornton International Business Report (IBR), a global survey of 5,400+ business leaders in 35 economies, finds strong M&A activity and set to grow further over the next 12 months. Businesses' M&A plans, both current and forecast, are becoming more f...
13/04/2015

Business optimism in the UAE has continued to grow steadily despite the recent instability within the oil & gas sector

New research from the Grant Thornton International Business Report (IBR) reveals that while business confidence in 2014 climbed to levels not seen since before the financial crisis, a recent spate of uncertainty is weighing on growth prospects for the year ahead. With the price of oil plummeting,...
12/04/2015

The future of Audit is set to transform in the UAE, leading way to change

Grant Thornton, a leading international assurance and advisory firm and the Association of Chartered Certified Accountants (ACCA), the leading global professional accountancy body hosted a number of key influencers on the 7th of April 2015 at an event titled “The Future of Audit”, whi...
01/04/2015

Grant Thornton named as the Strategic Partners of the Year for 2015 with Middle East CFO Alliance

Grant Thornton are pleased to announce that we are the Strategic Partners of the Year’ for 2015 with Middle East CFO Alliance. MECA CFO Alliance is an international CFO networking group that operates globally with its members based in over 20 countries.   We are the Strategic P...
22/03/2015

Grant Thornton issues global guide to business relocation

Grant Thornton today issued 'A global guide to business relocation', a comprehensive 138 page document covering topics of importance for any business looking to unlock growth through greater efficiencies.   “Many companies from large multinationals to entrepreneurial bu...
18/03/2015

Grant Thornton wins award for best leadership development programme

  Managing Partners' Forum recognises Grant Thornton's Advanced Manager Programme (AMP) which allows Grant Thornton people to unlock their potential for growth   Managing Partners' Forum, a professional body that celebrates the value of leadership and manage...
17/03/2015

Hisham Farouk, CEO shares insights from the Hotel 2020 report on Dubai Eye Radio

Hisham Farouk, CEO of Grant Thornton UAE speaks to Dubai Eye and shares key insights from our Hotel 2020 report. Click here or the image below to listen to the interview. ...
16/03/2015

Mass personalisation and digital are key for UAE Hotels in run up to 2020

New global report on hotel industry is launched in UAE   The hotel industry has lagged behind other sectors in adopting technology to meet customer led demand, according to a new report from Grant Thornton, the global professional services firm.     A summary of the...
08/03/2015

Women in Eastern Europe point the way to senior management whilst in the UAE the path to leadership gains further support from government initiatives

In mark of International Women’s Day, new research from Grant Thornton reveals that Eastern European countries dominate the international league table for senior female business leaders, including seven of the top ten, with Russia at number one. However the proportion of women reaching the...
10/02/2015

Building momentum for the year ahead: Real Estate & Construction outlook

Amgad Nassif, Partner shares the outlook for real estate & construction in 2015.   The global economy has entered another period of uncertainty, with the Greek elections threatening to reignite the eurozone crisis and the dramatic fall in the oil price spooking markets. However,...
17/12/2014

New audit regulation in Abu Dhabi leads the way to change

The new regulation stipulates a four year audit rotation for ADAA regulated clients   The notion of transparency and rotation has been a long standing debate in relation to the audit market both within the UAE and globally. More recently, there have been developments in relation to t...
16/12/2014

Finding the right external auditor

As the Gulf region assimilates into the global marketplace, corporate governance plays a dynamic role in improving the transparency, accountability, competitiveness and the notion of succession planning. Countries with a strong corporate governance culture attract greater domestic and foreign dir...
03/11/2014

The dos and don'ts of a hotel risk audit walk

The dos and don’ts of a hotel risk audit walk The United Arab Emirates has seen extensive development over recent years. This has seen the emergence of some key industries which have emerged just as buoyant as the once oil and gas sector. Hospitality in particular has arose as one of th...
22/10/2014

It's your choice: business versus risky business

It’s your choice: business versus risky business By Mohamad Nassar, Business Risk Services Partner    When looking at Enterprise Risk Management (ERM) within organisations, it becomes evident that this needs further clarification. The process of ERM is somet...
01/10/2014

Grant Thornton people in 127 countries take part in crowdsourcing event to inform global strategy

In what is believed to be one of the first of its kind, thousands of Grant Thornton people from member firms in 127 countries gathered online earlier this month to take part in contributing ideas to the next corporate strategy for the fastest growing global accounting organisation.   &nb...
21/09/2014

Grant Thornton named Employer of the Year by International Accounting Bulletin

Grant Thornton has been named global 'Employer of the Year' by the International Accounting Bulletin. Ed Nusbaum, global CEO, said, "We are honoured to receive this award which recognises the strength of our internal training programmes and the opportunities that we offer in...
14/09/2014

Start-up to IPO

If your business is at the vital intersection between being ‘medium-sized’ and ‘enterprise-level’, chances are you’ve considered the IPO as a viable option. Going down this route can not only have a liberating impact on your company’s cashflow but can also set...
12/08/2014

Across the borders

Leading expert Hisham Farouk, Managing Partner, Grant Thornton UAE shares his view on international expansion, growth strategies and diminishing trade barriers.   For local businesses, which are looking to expand overseas, what are key factors to bear in mind? The first considera...
11/08/2014

The European audit reform leads way to change which could also benefit the UAE

Earlier this year, Grant Thornton International welcomed the European Parliament’s approval of the Regulation and Directive to reform the European audit market, which will substantially address investor concerns over auditor communication, long tenure, and excessive volume of non-audit serv...
23/07/2014

Bridging the gap in private M&A transactions - from a MENA perspective.

The increased appetite for mergers and acquisitions (M&A) is prevalent at both a regional and global level.  This upward trend presents much opportunity; however there can be trials and tribulations before the success when noting the MENA (Middle East and North Africa) current market pla...
22/07/2014

UAE: the case for business

The UAE economy rose by 20.8% in 2012 to US$360 billion supported by diverse sector strength, ranking it third in the Middle East and 30th in the world. Key industries within the UAE include real estate and construction, hospitality, education, healthcare and retail. Foreign investors are at...
13/07/2014

Grant Thornton UAE becomes a DMCC approved reviewer

The Dubai Multi Commodities Centre is a free zone authority for the Jumeirah Lake Tower Free Zone. It was established in 2002 (by royal decree) as a strategic initiative of the government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up a com...
07/07/2014

With better access to VCs, banks can help UAE SMEs

Easier access to venture capital (VC) can improve the business environment for UAE SMEs, says Hisham Farouk, managing partner at Grant Thornton.   “There needs to be a much more accessible platform for VCs to be here, which is one of the key things that is missing, because most...
03/06/2014

Hisham Farouk - Media Highlights

Hisham has spoken at a number of international and regional conferences discussing the UAE/ME market, family owned businesses and other business matters. Hisham has been a keynote speaker at a large family owned business conference, given his specialism within this area.   ...
12/05/2014

Economic optimism in the UAE is the highest since 2010, but businesses still need to manage the constraints effectively to further promote business growth.

New research from the Grant Thornton International Business Report (IBR), a survey of more than 3,300 businesses in 45 economies, reveals a spring surge in business optimism, with all global regions marching in step, despite a slow sign of growth in some emerging economies. The data suggests that...
17/04/2014

A defining period for UAE capital markets

The UAE economy is set to grow with significant pace in 2014 due to an overall positive outlook for sustainable growth, and with investors’ confidence building momentum. The UAE is particularly noted for having the dynamism of the west whilst maintaining the culture of the east. The IMF...
02/04/2014

Hisham Farouk is the right-hand man for Dubai families

The managing partner of Grant Thornton, the international accounting and consulting firm, Mr Farouk and his company have been in the country since before independence.   Grant Thornton counts Habtoors, Rostamanis and Serkals as clients. These families have been an essential part of t...
19/03/2014

Upgrade to lender mindset bodes well for global hotel sector growth

According to a new Grant Thornton report, the financial crisis has given birth to a superior environment for hotel finance. Lenders learning from past mistakes have undergone significant changes and are ramping up their levels of sophistication to better understand hotel businesses. Drawing on in...
16/03/2014

Grant Thornton named 'Best managed international firm'

The Managing Partners' Forum, a professional body that celebrates the value of leadership and management excellence, named Grant Thornton 'Best managed international firm.'  Judged by an independent panel of subject matter experts, the award recognises the strength of Grant...
09/03/2014

Support for quotas grows as proportion of women in senior business roles stagnates

Coinciding with International Women’s Day, new research from the Grant Thornton International Business Report (IBR) reveals that despite a groundswell of discussion and debate, the proportion of women holding the top jobs around the world remains at just under a quarter. The survey finds gr...
02/03/2014

Ability to inspire seen as a key leadership attribute in the UAE

New research from Grant Thornton reveals a stark regional split in business leadership practices. While Asia Pacific and Middle Eastern economies appear more open to the use of coaching, intuition and creativity, peers in Europe rely on more traditional practices.  Francesca Lagerberg, g...
13/01/2014

Guiding SME Growth

Speaking with Hisham Farouk for even a short amount of time is educational, to say the least. The managing partner of Grant Thornton UAE has long been entrenched in not just the regional business scene, but the global one too – and is something of an expert on SMEs. He has advised every...
11/01/2014

Fraud and Corruption Pose a Threat to Growth in the Construction Industry Worldwide

Fraud and Corruption Pose a Threat to Growth in the Construction Industry Worldwide   Fraud and corruption in the construction industry is so commonplace that it is often accepted as a cost of doing business. This is highlighted by a report that has just been published by Grant Thorn...
11/01/2014

Islamic Finance - What's in it for me?

Grant Thornton United Arab Emirates (UAE) Audit Partner, Khurram Bhatti talks about the key aspects related to Islamic Finance.   There is much to both venerate and praise about Islamic Finance. Its stated philosophy and principles are probably as close to a model for truly ethical a...
09/01/2014

UAE business optimism sees a significant increase on 2014 growth prospects

The UAE has the most optimistic business community in the world according to new research from Grant Thornton’s International Business Report (IBR). It also reveals that business leaders growth prospects have increased significantly across a range of growth indicators from this time last ye...
06/01/2014

Hisham Farouk discusses his inspirational journey with Shane Phillips on Dubai Eye Radio

Hisham Farouk, Managing Partner of Grant Thornton UAE discusses how he became a dynamic leader and shares his remarkable experience with others to further support future entrepreneurs.   Please click on the image above to listen to the interview with Shane Phillips which was air...
24/12/2013

Grant Thornton reports 8.1% growth rate

Growth rate leads six largest global accounting organisations for second consecutive year Grant Thornton International Ltd. today announced record combined global revenues driven by 8.1% growth in US dollars (8.9% in local currency) for the year ending 30 September 2013. Grant Thornton led th...
16/12/2013

Time for a new direction as featured in CEO Middle East and Arabian Business

Time for a new direction In a growing economy, opportunities for fraud increase and the construction industry is not immune from being targeted by fraudsters even as levels of other crime fall. The report, Time for a new direction: fighting fraud in Construction, argues that this does not hav...
08/12/2013

Hisham Farouk discusses the 'Hunger for Growth' report on Radio 1

Hisham Farouk, Managing Partner of Grant Thornton UAE discusses the recent Food & Beverage report, 'Hunger for Growth' with Radio 1. To listen to the interview, please click on the image above or alternatively visit https://www.youtube.com/watch?v=7YNLHOKDxlY If you...
27/11/2013

Dubai is officially announced as the host of Expo 2020

Congratulations to Dubai who have been confirmed as the official host of Expo 2020. Four countries have been amongst the finalists in a bid to host Expo 2020. This evening (27th of November) in Paris, Dubai has officially been confirmed as the host for Expo 2020.   The bid r...
26/11/2013

Investing in SMEs

Grant Thornton sponsored the ‘Entrepreneur of the year’ award at the Gulf Capital SMEinfo awards which took place in November 2013 at the Madinat Jumeirah. Hisham Farouk, Managing Partner of Grant Thornton UAE discusses the importance of supporting SMEs who with the right adv...
14/11/2013

Supporting SMEs

Supporting dynamic SMEs Various local sources quote the contribution of the SME market as being between 40-50% of GDP across the UAE.  As a region, we continue to see a rise in the number of dynamic entrepreneurial start-ups. We at Grant Thornton UAE believe that it is imperativ...
13/11/2013

Corruption in Construction

Fraud and corruption in the construction industry is so commonplace that it is often accepted as a cost of doing business. This is highlighted by a report that has just been published by Grant Thornton following research carried out in Australia, Canada, India, the US and the UK.   ...
05/11/2013

Global survey finds UAE business leaders optimistic on growth prospects ranking higher than the US

The latest research from the Grant Thornton International Business Report (IBR) finds businesses in the UAE in a highly optimistic temperament about growth prospects for the year ahead, leading global confidence levels for hiring and profitability moving into 2014.   Of the 45 econom...
29/10/2013

Call to root out fraud and corruption in global construction industry

The UAE can learn lessons from a report into fraud and corruption in the global building industry. The report says it must be eradicated to keep the sector growing. Time for a New Direction: Fighting Fraud in Real Estate and Construction, published by consultancy Grant Thornton, calls for urg...
20/10/2013

Grant Thornton continues growth with expansion in Japan, Italy, Paraguay, Bangladesh and Ethiopia

Grant Thornton announced expansion in Japan, Italy, Paraguay, Bangladesh and Ethiopia, following a number of additional successful mergers and acquisitions around the world in 2013. "We welcome these firms to Grant Thornton, joining more than 35,000 people in over 120 countries in our mi...
08/10/2013

Grant Thornton supports Dubai's Expo 2020 bid

Grant Thornton continues to support Dubai's Expo 2020 bid (as published in the Arabian Business Magazine) which has been themed as "Connecting Minds, Creating the Future". Every five years and over a period of six months, the Expo attracts millions of visitors from around t...
08/10/2013

Outsourcing enables growth

The United Arab Emirates (UAE) has seen the increased emergence of growth orientated businesses; therefore complacency is no longer an option, especially in an ever changing and competitive market. In order to remain competitive, it is essential to have manageable operating costs. Many businesses...
07/10/2013

Managing Partner, Hisham Farouk interviewed live on CNBC Arabia

Hisham Farouk, Managing Partner of Grant Thornton UAE was interviewed live on CNBC Arabia on the 3rd of October. He discussed the Global Dynamism Index and how we work with dynamic SME’s to unlock their potential for growth. To view the interview, please click here or on the...
23/09/2013

Grant Thornton discusses the importance of SMEs and the financing environment on Dubai Eye Radio

To listen to the live radio interview, please click on the image above. Please do contact us, if you would like any further information. ...
19/09/2013

Grant Thornton named one of the Top 50 Global Business Employers

A survey of more than 200,000 business and engineering students from 12 of the world’s largest economies named Grant Thornton one of the top 50 most attractive global business employers, placing 35th.  The survey was conducted as part of the Universum Annual Student Survey. &l...
16/09/2013

UAE ranks as seventh best financing environment in the world for growing businesses

The UAE offers the seventh best financing environment in the world for growing businesses, trailing only Singapore, Canada, Chile, Slovenia, Poland and Finland. The Grant Thornton Global Dynamism Index (GDI) 2013 takes into account many different factors in determining the strength of a count...
14/07/2013

Global survey finds reversal of fortune in superpower business sentiment

Global survey finds reversal of fortune in superpower business sentiment.  New research from Grant Thornton’s International Business Report (IBR), a quarterly global business survey of more than 3,200 businesses in 44 economies, reveals a dramatic reversal of fortunes for business...
24/06/2013

'Tech crunch' : IT negligence is seen as a major constraint on growth.

The United Arab Emirates (UAE) business community has been identified as the third most confident business community in the world, according to the Grant Thornton International Business Report (IBR), a quarterly survey of more than 3,000 businesses in 44 countries. 88% of UAE based businesses...
18/04/2013

UAE home to third most confident business community in the world

The United Arab Emirates (UAE) business community has been identified as the third most confident business community in the world, according to the Grant Thornton International Business Report (IBR), a quarterly survey of more than 3,000 businesses in 44 countries. 88% of UAE based businesses...
17/04/2013

Gender Agenda

Research from the Grant Thornton International Business Report (IBR) reveals that globally, more women are making it into senior management roles than at any time since 2010. However, progress is slower in the G7 group of developed economies, where economic performances have been stuttering, than...
17/04/2013

'Getting the balance right'

According to a recent survey over 75% of enterprises consider corporate governance to be very important to their business; however, corporate governance has yet to take root within the business community.  As identified by the survey the two most common barriers which restrict effective impl...
19/03/2013

Grant Thornton named International Accounting Bulletin's Network of the Year

Grant Thornton has been named the International Accounting Bulletin's 'Network of the Year' at an award ceremony held in London. Ed Nusbaum, global CEO of Grant Thornton, said of the award win, "I am proud of this award, but all credit goes to over 35,000 Grant Thornton...
10/03/2013

More women making it into senior management roles - but mature economies lagging behind

To mark International Women’s Day 2013 on 8 March, new research from the Grant Thornton International Business Report (IBR) reveals that globally, more women are making it into senior management roles than at any time since 2010. However, progress is slower in the G7 group of developed econ...
06/03/2013

Dynamic changes in the Boardroom

Hisham Farouk, Managing Partner of Grant Thornton, a leading global advisor to family-owned businesses talks about the importance and contribution which women make in the boardroom. Grant Thornton places an important focus on family owned businesses, which represent more than 90% of business...
23/01/2013

Grant Thornton reports 10.4% growth rate, leading the six largest accounting organizations in revenue growth for 2012.

Grant Thornton announced record combined global revenues of US$4.2 billion driven by 10.4% growth in US dollars (18.8% in Euros, €3.2 billion) and 13.2% in local currency for the year ended 30 September 2012. Grant Thornton led the six largest global accounting organizations in reported reve...
16/12/2012

Betrayal and trust issues

TRUST is a key element in all relationships that we have with others whether personal or business. When that trust breaks down or is betrayed, as it often is when fraud happens, the consequences can be dire.
16/12/2012

The rules of engagement for family-owned businesses

Managing Partner, Hisham Farouk tackles the contentious issue of succession and governance in family-owned enterprises.   Family-owned businesses represent more than 90 per cent of the business community in the UAE, according to a recent study published in the UAE*.  This fact...
27/11/2012

The vital role of whistle blowing in modern businesses

A lack of correct corporate governance in owner managed businesses is likely to accentuate risk of rogue senior managers doing what they want and for their personal benefit TRUST IS a key element in all relationships that we have with others whether personal or business. When that trust breaks...
27/11/2012

The elements to consider when preparing for a career in accounting and finance

Simi Nehra, Head of Corporate Finance at Grant Thornton UAE, shares his thoughts on the three-dimensional financial universe  THE JOURNEY to become a financial professional can be exceptionally rewarding, however it takes hard work and years of experience in practice and industry, and ev...

Disclaimer

Grant Thornton UAE is a member firm of Grant Thornton International Ltd (Grant Thornton International) which is one of the world's leading organisations of independently owned and managed accounting and consulting firms. These firms provide assurance and specialist business advice to privately held businesses and public interest entities. Services are delivered independently by the member and correspondent firms within Grant Thornton International, a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. Grant Thornton International does not deliver services in its own name or otherwise. Grant Thornton International and the member firms are not a worldwide partnership.