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Hisham Farouk, CEO of Grant Thornton, says it would be advisable for companies to start considering ERP implementation prior to the official VAT date

10 Feb 2016

Hisham Farouk, CEO of Grant Thornton shares his insights with Wealth Monitor Magazine on what businesses can do now to prepare for the introduction of VAT. Considering that the UAE and other GCC countries are mulling over imposing VAT in the medium term, how businesses in the UAE can attune their processes to the impending tax and what measures companies must start considering now prior to the introduction of VAT?  

Middle East & Africa offers strong market growth for dynamic businesses, with the UAE leading in the region.

20 Sep 2015

The Middle East & North Africa ranks well above North America, Europe and Latin America in terms of market growth opportunities according to the Grant Thornton Global Dynamism Index (GDI) 2015. However, the region is lagging behind on a number of other indicators including labour market and financing environment.

US$250bn in overseas real estate investment driven by gut feeling rather than data

09 Sep 2015

Soft power and gut instinct is driving an estimated US$250bn per year* in overseas real estate investment, a new report by Grant Thornton reveals, showing that feeling rather than data analysis determines many investment decisions. This comes amid a surge of overseas real estate activity as investors seek new bedrocks of political stability. However Grant Thornton warns that reliance on instinct, while important, can lead investors to miss emerging pockets of opportunity if not complemented by more analysis and using local expertise.

Think responsibly: CSR reporting

08 Sep 2015

Corporate social responsibility (CSR) reporting is an opportunity for a company to showcase its personality and ethics to its customers as well as the greater community. It highlights issues that are close to the company’s core values through the causes it contributes to, and the way in which those contribution are made.

The future of Audit is set to transform in the UAE, leading way to change say Grant Thornton and ACCA

24 Aug 2015

Grant Thornton, a leading international assurance and advisory firm and the Association of Chartered Certified Accountants (ACCA), the leading global professional accountancy body hosted a number of key influencers in Dubai and Abu Dhabi at an event titled “The Future of Audit”, which set out to find how the audit environment is set to change to meet the evolving needs of the UAE economy.

Grant Thornton named one of the 50 'World’s Most Attractive Global Employers'

24 Jun 2015

A survey of more than 240,000 business and engineering students from 12 of the world’s largest economies named Grant Thornton one of the 50 'World’s most attractive global employers'. The survey was conducted as part of the Universum Annual Student Survey.

Digital: The next frontier for hotels

16 Jun 2015

Established companies in the hospitality and tourism sector are having to work harder than ever to grow further. A series of recent events have disrupted demand in the short-term, but in the longer term, the rise of the digital economy is threatening traditional operating models and sales channels.

Outsourcing: Going beyond technical expertise

01 Jun 2015

Companies outsource back-office business processes mainly to boost efficiency and reduce costs. Payroll, HR and accounting processes – the most common to be outsourced – are heavily transactional, and many companies determine that external specialists can execute these far more cost-effectively than they can themselves.

Dubai calling: Franchising opportunities in the gateway to the Middle East

05 May 2015

Dubai is the most populous city in the United Arab Emirates (UAE) and the commercial capital of the Persian Gulf. Part of its success and appeal is its business-friendly climate.

United Arab Emirates Economic Overview 2015

03 May 2015

The United Arab Emirates (UAE) continues to drive regional change with an economy that has remained exceptionally buoyant throughout 2014. The country boasts one of the most agile economies in the world and has witnessed strong growth. As a result, the UAE consistently scores high across all global competitiveness indices compiled by both regional and international organisations.