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.