At its core, IFRS 15 replaces old, industry-driven shortcuts with a single, principles-based framework built around the transfer of control, not billing milestones or legacy practices. In real estate, that distinction is not academic—it is fundamental. A signed sales agreement, a down payment received, or even regulatory registration does not automatically translate into revenue as these are pre-requisites for revenue recognition. The question is always sharper: has control of the asset, or the value being created, truly been transferred to the customer? Read our article to learn more.
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Spurred on by government initiatives and the emergence from COVID-19, the GCC IPO markets are now seeing unprecedented levels of activity, captivating institutional and retail investors alike.
Amidst global economic uncertainties, the MENA region is on a growth trajectory fuelled by elevated oil prices and accelerating business-friendly reforms. The global logistics market is estimated to be $9.1Tn in 2022 and is expected to reach $12.3Tn by 2027, growing at a CAGR of 6.2%. A combination of initiatives by regional governments and developments in e-commerce are driving the growth in logistics and warehousing activity in the region.