INSIGHTS

MERGERS & ACQUISITIONS

The Evolving Capital Markets Ecosystem

27 February 2023
In spite of the global downturn in the capital markets, the UAE has not only resisted this trend but has even shown record levels of IPO activity. This trend
M&A AND TRANSACTIONS ADVISORY

Sector Focus: Logistics February 2023

03 February 2023
The regional economy performed strongly in the fourth quarter of 2022 owing to a successful FIFA World Cup, a booming tourism season, and favorable trade
TAX

The UAE announces the application of corporation tax

13 December 2022
On 9 December 2022, the UAE Ministry of Finance (MoF) released the Federal Decree-Law No.47 of 2022 on the Taxation of Corporations and Businesses which will
M&A AND TRANSACTIONS ADVISORY

Sector Bites - F&B December 2022

05 December 2022
Heading towards the new year, food security remains on top of the agenda for the region, while enhancements in food tech, and the continued rise of meat and
TAX ALERT

Tax Residence Notification Updated

18 November 2022
In September 2022, the Ministry of Finance (MoF) released Cabinet Decision No. (85) of 2022 (the “Decision”)  which details out the requirements and conditions
RESTRUCTURING ADVISORY

Navigating through turbulent times

18 October 2022
Volatility in global markets remain, presenting new challenges to businesses both locally and internationally.
M&A AND TRANSACTIONS ADVISORY

Sector Focus: Logistics October 2022

05 October 2022
M&A activity in the regional logistics sector continues to be buoyant, fueled by the proliferation of trade agreements, a growing expat population and the

IN THE PRESS

08 Feb 2023

Grant Thornton Supports the Asset Recovery Fund in the Purchase of AED 1.3 Billion Non Performing Loans Portfolio from Abu Dhabi Commercial Bank

The Asset Recovery Fund (ARF) is pleased to announce the purchase of a AED 1.3 billion (US$ 357m) portfolio of distressed non-performing loans (NPLs), from Abu Dhabi Commercial Bank (ADCB), marking the first such portfolio sale from a local bank in the UAE. Grant Thornton, the UAE’s fifth largest professional services firm, supported this purchase by driving the value of ADCB’s NPLs and matching it with the buyer’s expectations.

03 Aug 2022

Grant Thornton UAE introduces a four-day working week during the month of August

Grant Thornton UAE introduces a 4-day working week during the month of August.

31 Jan 2022

UAE to introduce federal corporate tax

The UAE’s Ministry of Finance (MoF) today, 31 January 2022, finally announced the much anticipated introduction of a federal Corporate Tax (CT) on business profits under a prospective CT regime in the UAE.

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