Auditing firms play greater role in GCC countries amid economic reforms
Since the global financial crisis of 2008, auditing firms in the Middle East, particularly in the Gulf Cooperation Council member…
Tax
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Governance and culture will differentiate banks in 2018
In a post-oil and value-added tax era, UAE banks are under tremendous pressure to maximise efficiencies. In this context, strong…
UAE's VAT application has gone smoothly and inflation will stabilize, says IMF
The start-up of the country's value-added tax (VAT) has gone smoothly, and the inflation it leaped on will then ease,…
Why switch your offshore company to the UAE?
From tax advantages to confidentiality and minimal bureaucracy, there are plenty of great reasons to set up your business offshore.…
Deloitte: Kuwait eyes private sector to invest in country’s infrastructure projects
Kuwait continues to create an encouraging investment climate for the private sector to invest in infrastructure projects. This is…
Prosecution of Dubai Bank chair lawful, says DPP.
The Office of the Director of Public Prosecution has said in court that it commenced prosecution of former Dubai Bank…
Qatar has substantial capacity to diversify economy: IMF official May 03 2018 09:14 PM
The International Monetary Fund's Middle East and North Africa department director, Mohammed El Qorchi, said the State of Qatar has…
The impact of VAT on key Kuwaiti sectors – SPECIAL REPORT
Decrease in oil prices have led the member countries of GCC in search for alternative means of revenue. One way…
Q1 results point to strong start for UAE lenders
Contrary to the expectations that the implementation of International Financial Reporting Standards 9 (IFRS 9) and the introduction of 5…
Offshore Deal Volume In 2017 Outpaces Previous Year
The number and value of offshore M&A deals rose in 2017, making it one of the busiest years recorded for…
Federal Tax Authority Looks Back on 100 Days of VAT in the UAE
Tax compliance in the UAE is one of the highest in the world, as 98.8% of all businesses and groups…
Reason logic in tax on expat remittances
The Finance Committee of the National Assembly has approved the draft law on the taxation of expatriate transfers without serious…