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We hosted an insightful webinar on tax governance and risk management in the evolving UAE tax landscape. Our session covered critical topics such as tax governance frameworks, strategic tax policy development, compliance and reporting, transfer pricing, and VAT procedures. Attendees had the opportunity to engage with experts during our interactive Q&A session, equipping them with the knowledge and strategies needed to navigate the complexities of the new tax era.

The amendments emphasise the need for public joint stock companies to establish comprehensive internal control and risk management systems that align with global standards, particularly the COSO framework, tailored to their size, nature, and operational complexity. To learn more on what steps to take for compliance, read our report:

Are energy costs affecting your business? Here’s what you need to know. Rising energy costs are a concern for global mid-market businesses, impacting operational expenses and long-term planning. The UAE has made significant strides in diversifying its energy sources. Grant Thornton has consulted with global energy industry leaders to understand how businesses are navigating these changes. For more detailed insights on the report, you can find the full article in the link below.

Launching an IPO is one of the most significant corporate transactions a company will enter into during its lifecycle. Many companies aspire to be public as it is often seen as the pinnacle of achievement for the growth of the company by its founders.

M&A continued to prosper in the first five months of 2022 after a record-breaking year in 2021, although the 16 June 2022 US Federal Reserve Bank interest rate increase coupled with increased macroeconomic uncertainty marked a significant turning point for the global deal market.

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 dairy alternatives providing have proved to be a nifty tool to combat lingering supply chain and labor shortages and addressing food security.

Despite the recent global market downturn and recession fears, economic sentiment remains strong within the GCC region on the back of growth in the tourism and oil.

Q1 has seen a continued rise in deal activity in a number of sectors within our M&A and Transactions Advisory team. Following on from our Q4 2021 update, we are delighted to share this quarter's Food & Beverage (F&B) edition, summarising key themes, issues and activity in the sector. It has been a busy start to the year in F&B across the GCC and broader MENA region and we will continue to watch closely throughout the year.

The logistics sector within the MENA region is well-positioned to benefit from post-COVID 19 economic recovery. Our team of subject matter experts provide a global and regional economic outlook and give insights into what the logistics sector can expect in 2022 in our latest Logistics Sector Focus.

Despite a difficult climate due to the pandemic across geographies and industries, Grant Thornton sees signs of optimism in both the resilience of the MENA markets and a strong recovery in economic and transactional activity.

Grant Thornton UAE is pleased to present our annual Internal Control over Financial Reporting (ICFR) Benchmarking survey regarding compliance with UAE Insurance Authority Circular No. 21 of 2019 in the UAE Insurance Industry.

Read this month’s Hospitality Newsletter where our team of experts have gathered updates and shared insights on the UAE and GCC’s Hospitality landscape. Explore the updates affecting Indirect Tax, International Tax and Transfer Pricing.

Let’s call a meeting to discuss COVID-19 epidemic risk management. No, let's not. Calling a meeting creates a state of panic and promotes congregating in groups at a time when a virus can be transmitted to two people from one infected person- it is not a good idea. What is, however, is having team leaders, risk champions, business continuity professionals, Human Resources, and communications teams collaborate online and agree on a comprehensive strategy to manage the risk and here is how to do it.