Read our insights

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 UAE Accountability Authority (UAEAA) has issued Resolution No. (154) of 2024, mandating compliance with new auditor appointment rules as outlined in Federal Law No. (56) of 2023, and Resolution No. (159) of 2024, mandating Internal Audit Rules for UAEAA subject entities. These rules, effective immediately, align closely with the standards set by the Abu Dhabi Accountability Authority (ADAA).

This study evaluates banks' procurement practices exploring amongst other: governance practices, automation levels and risk management effectiveness of the procurement function.

Following the UAE’s Mutual Evaluation, The Financial Action Task Force (FATF) and it’s MENA chapter placed the UAE on the list of “Jurisdictions Under Increasing Monitoring” or the “Grey List” in March 2022.

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.

VAT in the UAE approaches its 5th birthday on 1 January 2023 – but what’s next for VAT and the wider tax landscape?

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.

The disappearance of LIBOR will not only impact UK but it is expected to have worldwide repercussions

The DEWS (DIFC Employee Workplace Savings) Plan is a progressive End-of-service Benefit Plan introduced within the Dubai International Financial Center (DIFC) to restructure the current End-of-service Gratuity Plan into a funded and professionally managed Defined Contribution Plan.

FIs need to re-focus their businesses and reconsider strategies to respond to the large amount of regulation, in an economic environment that is fundamentally more restraining. This can be achieved via five key areas of transformation for 2020 and beyond.

Read the latest news on VAT Guides, General Updates and GCC Updates.

Register for our VAT WEBINAR, read the latest news on VAT Guides, General Updates and GCC Updates.

Since its inception in the 1970s, the Islamic finance industry continues to flourish into new horizons, the ethical-based concept was founded to meet the demand of a select group (yet a large population) of consumers and investors and is now recognized as a leading global segment within the global financial services industry. Islamic banking has driven much of this growth, due to the advancement and enabling infrastructure of the banking system, in addition to the collective efforts of bankers and scholars.

With the Chinese financial services industry entering international jurisdictions, where does Islamic Finance fall in it's path of growth?