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Cost of VAT to the insurance industry

14 Feb 2017

On 14 February 2017, international accountancy firm Grant Thornton in the UAE in partnership with the DIFC Insurance Association, hosted a VAT seminar discussion on the topic: "VAT and the challenges which the insurance industry needed to be prepared for”.

Leveraging ERP to create value

01 Feb 2017

It is a well-known fact that organisations invest a considerable amount of money and time in implementing their “Enterprise Resource Planning” (ERP) solutions. The combined software and hardware costs tend to be on the high side, with key members of staff typically spending upwards of three years supporting the implementation in some way.

VAT is set to truly be taxing

10 Nov 2016

Diversification, changing operating models and promoting smart initiatives led by technology and employment continue to be key trends as we move into Q1 2017. In order to promote diversification, governments across the region have introduced various initiatives to reduce the dependency on oil generated incomes and further stabilise the economy.

Grant Thornton: named 'Worlds Most Attractive Global Employers'

20 Jul 2016

Grant Thornton named one of the 50 'Worlds Most Attractive Global Employers'

Islamic Finance and Christian Finance: A shared heritage

11 May 2016

Islamic finance is today widely accepted as a global USD 2 trillion industry offering banking, insurance and asset management services in over 75 countries around both the Islamic and non-Islamic world. In recent years, it has captured headlines in the Financial Times and Wall Street Journal and some of its leading executives have been interviewed on the BBC, CNN and Bloomberg. Most people today have some knowledge of Islamic finance but how many people have heard of its counterpart, Christian Finance?

Survey: Female senior business roles up slightly to 24%

08 Mar 2016

On International Women’s Day, a new report based on the annual Grant Thornton survey of 5,520 businesses in 36 economies reveals a slight uptick of women in senior management positions from 22% to 24%, but a third of businesses still do not have women in leadership positions.

UAE businesses remain cautiously optimistic for the year ahead.

01 Mar 2016

UAE businesses remain cautiously optimistic for the year ahead whilst optimism around the world is slightly down from Q3 2015.

Strategic challenges highlighted for the UAE insurance sector

28 Feb 2016

‘Strategic dilemmas in insurance’ released by Grant Thornton further identifies what insurance companies need to do now to embrace market changes this year.

Dubai Eye: Hisham Farouk, insights from the Economic Outlook report

25 Feb 2016

Hisham Farouk, CEO of Grant Thornton speaks to Dubai Eye to share key insights from the Economic outlook report along with sharing his views on the recent VAT announcement.

Islamic finance & oil prices: where to now?

23 Feb 2016

Modern banks started offering Islamic finance in the mid-1970s. During that period, there were major developments in the Muslim world which included the oil boom, coupled with a greater sense of cultural awareness and pride as to the fact that the teachings of Islam encompass all aspects of life including how an individual conducts their financial and business affairs.