- VAT is set to truly be taxing
- Grant Thornton: named 'Worlds Most Attractive Global Employers'
- Islamic Finance and Christian Finance: A shared heritage
- Survey: Female senior business roles up slightly to 24%
- UAE businesses remain cautiously optimistic for the year ahead.
- Strategic challenges highlighted for the UAE insurance sector
- Dubai Eye: Hisham Farouk, insights from the Economic Outlook report
- Islamic finance & oil prices: where to now?
- Integrated Performance Management: How is it aligned with shareholder value?
- Hisham Farouk: start considering ERP implementation
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 one of the 50 'Worlds Most Attractive Global Employers'
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?
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 whilst optimism around the world is slightly down from Q3 2015.
‘Strategic dilemmas in insurance’ released by Grant Thornton further identifies what insurance companies need to do now to embrace market changes this year.
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.
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.
In order to enhance shareholder value and align employees’ efforts with this overarching objective, businesses have been introducing and implementing various performance management tools and techniques: strategy implementation dashboards, balanced scorecards, planning and budgeting methodologies, management reporting dashboards, product and service costing methodologies amongst others.
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?